IanO
Senior Member
The Church is only a hop/skip if they expended west with a mixed-use.
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Downtown Real Estate
- Thread starter Daveography
- Start date
EdmTrekker
Senior Member
Which church? Are you sure you are on the right thread?
IanO
Senior Member
McDou.
Acquire it, do a mixed-use out to the west.
Acquire it, do a mixed-use out to the west.
EdmTrekker
Senior Member
Crux of the matter is the complication of having the church continue to operate there as the building will not be demolished. Even if the Church moved - the ATB would be stuck with a church empty and unable to demolish if it's a historic site. The public and clients may not take kindly to that type of investment. Perhaps if ATB were sold the new independent Board could contemplate that ... but I doubt it. We now know no developer has come forth despite the best efforts of the Church to seek a partner. ATB would be far better off with its existing tower on a lease basis or to build a new one elsewhere ... assuming Kenney does not put it out to the market. 101 Street and 102nd Avenue would be a great location.
IanO
Senior Member
In many cities they would be granted FAR/density/a tasty rezoning ---> in exchange for a contribution to renew the building and convert it to other purposes or the like.
kcantor
Senior Member
in most of those many cities additional density isn’t given away like Halloween candy for the asking which is what in turn creates the value and feasibility for heritage designations and density transfers.
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archited
Senior Member
Edmonton isn't even set up for that.
IanO
Senior Member
Nicholas Hrebien
• 1st
Commercial Real Estate I Cushman & Wakefield Edmonton I Sales, Leasing & Investment
3m • Edited • 3 minutes ago
NEW LISTING
DOWNTOWN HIGH RISE REDEVELOPMENT SITE
On behalf of Cushman & Wakefield Edmonton, we are pleased to announce the Exclusive 'Sale' Listing of the Riley's Reproductions & Printing Building's located at 10164, 10172 & 10180 108 Street in Edmonton, Alberta.
Well-located site in the Urban Warehouse district of Downtown Edmonton with a total area of 29,917 sf., highly suitable for Redevelopment. This region of downtown has evolved as a High-Rise residential node, close to educational institutions such as Grant MacEwan University and Norquest College as well as various amenities such as Save On Foods, The Pint, Central Social Hall and Greta Edmonton. The construction of the new Valley West LRT further will support transformation in this area. The rectangular site can support a wide range of future redevelopment possibilities. Existing zoning would support development to a maximum FAR of 6.0.
*Three (3) commercial buildings & adjacent parking lot.
Sale Price: $5,100,000.00
• 1st
Commercial Real Estate I Cushman & Wakefield Edmonton I Sales, Leasing & Investment
3m • Edited • 3 minutes ago
NEW LISTING
DOWNTOWN HIGH RISE REDEVELOPMENT SITEOn behalf of Cushman & Wakefield Edmonton, we are pleased to announce the Exclusive 'Sale' Listing of the Riley's Reproductions & Printing Building's located at 10164, 10172 & 10180 108 Street in Edmonton, Alberta.
Well-located site in the Urban Warehouse district of Downtown Edmonton with a total area of 29,917 sf., highly suitable for Redevelopment. This region of downtown has evolved as a High-Rise residential node, close to educational institutions such as Grant MacEwan University and Norquest College as well as various amenities such as Save On Foods, The Pint, Central Social Hall and Greta Edmonton. The construction of the new Valley West LRT further will support transformation in this area. The rectangular site can support a wide range of future redevelopment possibilities. Existing zoning would support development to a maximum FAR of 6.0.
*Three (3) commercial buildings & adjacent parking lot.
Sale Price: $5,100,000.00
As it should be if you want to maintain housing affordability. Those other cities can extract plenty of developer contributions in exchange for allowing higher density, but at the end of the day the price is being paid by renters and new comers to the housing market.
EdmTrekker
Senior Member
Anyone know if or where Rileys will relocate?Nicholas Hrebien
• 1st
Commercial Real Estate I Cushman & Wakefield Edmonton I Sales, Leasing & Investment
3m • Edited • 3 minutes ago
NEW LISTING
On behalf of Cushman & Wakefield Edmonton, we are pleased to announce the Exclusive 'Sale' Listing of the Riley's Reproductions & Printing Building's located at 10164, 10172 & 10180 108 Street in Edmonton, Alberta.
Well-located site in the Urban Warehouse district of Downtown Edmonton with a total area of 29,917 sf., highly suitable for Redevelopment. This region of downtown has evolved as a High-Rise residential node, close to educational institutions such as Grant MacEwan University and Norquest College as well as various amenities such as Save On Foods, The Pint, Central Social Hall and Greta Edmonton. The construction of the new Valley West LRT further will support transformation in this area. The rectangular site can support a wide range of future redevelopment possibilities. Existing zoning would support development to a maximum FAR of 6.0.
*Three (3) commercial buildings & adjacent parking lot.
Sale Price: $5,100,000.00
Be great if NorQuest could get this parcel for future expansion.
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itom987
Active Member
Norquerst wouldn't have demolished a building on their property if they needed to expand.
IanO
Senior Member
Yes they would have, for they have land to the west and want to create more of a 'campus' feel.
archited
Senior Member
Bull-puckey!
IanO
Senior Member
Home-security entrepreneur buys Union Bank Inn and three other notable buildings
Feb. 28, 2022 · The Pulse
By Emily Rendell-Watson
Comments
The Union Bank Inn has been sold to a local entrepreneur who is hoping to revitalize and bring new energy to the historic building, which has been a fixture on Jasper Avenue since 1911.
“The idea is to honour its history, really pull out the roots of what the Union Bank was,” said Henok Kassaye, the new owner, who is taking over a business that’s been closed for the majority of the pandemic.
...
Kassaye said he bought the Union Bank Inn along with three other properties: the Scona Garage off Whyte Avenue, the Harvest International building on 109 Street, and 10507 Saskatchewan Drive (the former Incite marketing building). All four were listed by Omada Commercial.
edmonton.taproot.news
Feb. 28, 2022 · The Pulse
By Emily Rendell-Watson
Comments
The Union Bank Inn has been sold to a local entrepreneur who is hoping to revitalize and bring new energy to the historic building, which has been a fixture on Jasper Avenue since 1911.
“The idea is to honour its history, really pull out the roots of what the Union Bank was,” said Henok Kassaye, the new owner, who is taking over a business that’s been closed for the majority of the pandemic.
...
Kassaye said he bought the Union Bank Inn along with three other properties: the Scona Garage off Whyte Avenue, the Harvest International building on 109 Street, and 10507 Saskatchewan Drive (the former Incite marketing building). All four were listed by Omada Commercial.
Home-security entrepreneur buys Union Bank Inn and three other notable buildings
The Union Bank Inn has been sold to a local entrepreneur who is hoping to revitalize and bring new energy to the historic building, which has been a fixture on Jasper Avenue since 1911.
edmonton.taproot.news
Gronk!
Senior Member
Edmonton’s downtown undergoing transformation with ‘flight to quality,’ revitalization investments - Edmonton | Globalnews.ca
Canadian Western Bank is the latest company to move from Jasper Avenue to the Ice District in what analysts call a "flight to quality."
globalnews.ca