northlands
Senior Member
So much opportunity.
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Downtown Real Estate
- Thread starter Daveography
- Start date
TAS
Senior Member
The move to eliminate illegal parking lots took another step forward.
Puneeta McBryan, executive director of the downtown business association, says there are plenty of parking spaces within the "permitted, legal, and adequately maintained parking lots" and that downtown doesn't need the "many unpermitted, poorly maintained gravel parking lots."
Landowners profit from them and show no intention of developing them or investing in appropriate maintenance and landscaping, McBryan said in an email Tuesday.
Puneeta McBryan, executive director of the downtown business association, says there are plenty of parking spaces within the "permitted, legal, and adequately maintained parking lots" and that downtown doesn't need the "many unpermitted, poorly maintained gravel parking lots."
Landowners profit from them and show no intention of developing them or investing in appropriate maintenance and landscaping, McBryan said in an email Tuesday.
ChazYEG
Senior Member
Groceries are neaby-ish. 5 to 6 blocks on a straight line, to Save On Foods if you're on 97ave 110 st.
I'd settle for having a small mom-and-pop corner store, a pharmacy, a bakery and a restaurant. We already have a café on 111st/98ave (a Very good one, btw).
I'll be the first one to pick up the pitchforks if someone even proposes a live music venue here, though. Makes absolutely no sense in the area.
_urbanite
Senior Member
Many possibilities here for this site. Good opportunity for a mix of high and medium density residential.
For retail, a restaurant, cafe, pub could work. For grocery, I think an express format grocery store (common in many European cities) would be ok here. Something like a Carrefour Express (for those familiar with Europe retail). They have what you need + a few extras and you don't have to spend more than 10 mins finding all of it. For anything else or for bigger hauls you can still head to Save on Foods
For retail, a restaurant, cafe, pub could work. For grocery, I think an express format grocery store (common in many European cities) would be ok here. Something like a Carrefour Express (for those familiar with Europe retail). They have what you need + a few extras and you don't have to spend more than 10 mins finding all of it. For anything else or for bigger hauls you can still head to Save on Foods
IanO
Superstar
A small scale could work, but my experience is that most simply drive to a larger one in Edmonton, but this area might just have the density needed.
Live music as in a neighbourhood pub like Duggan's boundary or Belgravia Hub where it can be lunch, brunch, pub, live music nights (small scale) etc.
buildings
Active Member
Id love to see something like Gristedes or a D'Agostinos; common, small but well stocked stores in Manhattan.
MacLac
Senior Member
We need an aggressive Yankee company that will build 4 X towers. As apparently there is interest from the US>
_urbanite
Senior Member
I'd rather see an established local developer take this on
Gronk!
Senior Member
Any local developer except Gooch, Regency, Alldritt and Niche
Avenuer
Senior Member
Would be great to get some new blood in the development game, especially big Toronto or Vancouver players like Concord, Hines, Triovest, Minto etc.All of those players have experience with large, multi-tower developments of a scale suitable for this property.
IanO
Superstar
I'd love to see some additional institutional level developers/investors/builders in Edmonton, but they seem to be preoccupied.
itom987
Active Member
Also, people that have delusions of grandeur with no money to back it up, and speculators.
Oilers99
Active Member
The Edmonton inner city market is not a big enough market for institutional investment like the names mentioned above.
There is a reason Calgary sees investment from large players like Bosa, Bucci, Grosvenor, Anthem, Concord, Great Gulf etc. Edmonton is different and we should be thanking our local players for this.
There is a reason Calgary sees investment from large players like Bosa, Bucci, Grosvenor, Anthem, Concord, Great Gulf etc. Edmonton is different and we should be thanking our local players for this.
Garneau2Go
Active Member
It kind of puts what projects we do have in perspective seeing as Edmontonians have to basically build and fund them ourselves if we want development
IanO
Superstar
There is institutional interest in Edmonton's market given incomes and significant rental community, but the rents aren't there and the cost to construct means that they are focussed on other markets.