Downtown Real Estate

[policyenthusiast]

Would only be a successful lawsuit if all of the accusations were untrue, no?

I think you're thinking of a libel suit. I think Yeggy meant the company would be liable.

 

[IanO]

Correct me if I'm wrong but does Gene Dub own that commercial unit? I know the McLeod is a condo building but i have a feeling he owns and manages the CRUs.

I think so?!

I still hope for a nice French cafe in that space with black and white tiles, terrace and some amazing croissants.

 

[Gronk!]

Correct me if I'm wrong but does Gene Dub own that commercial unit? I know the McLeod is a condo building but i have a feeling he owns and manages the CRUs.

Why am I not surprised? Gene may be a great developer but is incompetent when it comes to leasing.

 

[Avenuer]

I think you're thinking of a libel suit. I think Yeggy meant the company would be liable.

Yes, thanks for the clarification!

 

[_urbanite]

As per my IG feed

 

[IanO]

Doesn't this site have a DC2 rezone for 37+?

 

[policyenthusiast]

Doesn't this site have a DC2 rezone for 37+?

I had heard it was slated to be a casino? I'm likely confused, as I heard this back around 2022 while living next to it.

Either way, immensely grateful this lot is finally going to be built up.

 

[bodsbods9090]

Tell whoever wants to buy this site instead look at that eyesore lot from Regency right close to it instead and develop that!

 

[David A]

What is is that seems to draw people like bugs to light to want to tear down maybe not great, but usable buildings to build something new, instead of nearby already empty lots?

 

[ADob]

It shouldn't be allowed. There surely must be some sort of regulations the city could put in place to prevent this from happening over and over again.

 

[Jspr]

The historic Paramount Theatre on Jasper Avenue is now up for sale after being placed under receivership following ONE Properties’ bankruptcy. Built in 1952, the theatre has long been a landmark in downtown Edmonton, though it hasn’t operated as a cinema in years. According to Western Investor, the property is being marketed for redevelopment potential, which could attract buyers looking to invest in the evolving Jasper Avenue corridor.

 

[David A]

Yes, it probably has redevelopment potential sometime in the future, but with other empty lots currently languishing downtown now and nothing big being built right now,whoever buys it perhaps needs to focus first on making use of what is there and maintaining it for at least several years. We really do not need another building downtown demolished and turned into an empty lot or a parking lot.

 

[policyenthusiast]

With your financial support, this could be Edmonton's skyline in 2027.

 

[JNO1]

Just over two weeks left until the March 2 deadline to invest in the Alberta Block. A brilliant Co-op ownership structure has been developed so small individual investors can buy an ownership share in this wonderful building.

 

[kcantor]

^
This may be a very good emotional investment but, in addition to all of the other risks inherent in any real estate investment, it’s likely to be an extremely illiquid one… If the emotional investment is attractive enough to make, it should only be done with long-term “ unencumbered free cash”.