northlands
Senior Member
Love a local company like Fillmore taking a risk and showing some vision here in Edmonton. Excited to see what they might propose.
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Downtown Real Estate
- Thread starter Daveography
- Start date
Romanov
Active Member
Finally, it happened.
Details - Cushman & Wakefield Edmonton
For Sale: Roper Business Centre 5626 72 Street, Edmonton, Alberta 5,992 square feet of main and second floor office condo Cushman & Wakefield Edmontoncwedm.com
Found out Rohit owns this One Twelve campus. Wonder if we see a large user move in soon.
A Bold Move: Rohit’s New Headquarters in Downtown Edmonton – Rohit Group
In a significant milestone, Rohit has made a bold move in relocating the headquarters to One Twelve Campus off Jasper Avenue in downtown Edmonton.
rohitgroup.com
Really hopeful they put big bold Rohit signs on the building facing jasper avenue.
Gronk!
Senior Member
^ The new Rohit HQ will be on 112 St north of Jasper Ave and that strip mall with the LOCAL Public Eatery location.
Speaking of said strip mall, what's the deal with that Second Cup at Jasper/112 St? It's been permanently closed for years but the Second Cup signage is still there. I want to see another cafe open in that spot such as Deville, Square 1 or Colombian.
Speaking of said strip mall, what's the deal with that Second Cup at Jasper/112 St? It's been permanently closed for years but the Second Cup signage is still there. I want to see another cafe open in that spot such as Deville, Square 1 or Colombian.
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ChazYEG
Senior Member
DeVille's franchisee in Edmonton was studying opening one close to 124 st and one on Whyte. Haven't spoken to them in a while, so I don't know if that's still the plan
TAS
Senior Member
Keith Gerein: Should Edmonton subsidize the conversion of empty Downtown offices? It's complicated
While Downtown Edmonton needs more residents, the case for committing city funds to a housing incentive program is dubious right now.
edmontonjournal.com
Greenspace
Senior Member
^I'll just note that even that the Urban Design Committee report was on conversions, the discussion is about incentivize both conversions and new builds to start some Downtown projects because the economics just don't work right now.
David A
Senior Member
His articles are generally quite thoughtful and in this case I agree, at first glance conversions sound good (probably great for other places that didn't already do a lot a few decades ago like we did), but maybe they are not the best idea for here right now.Keith Gerein: Should Edmonton subsidize the conversion of empty Downtown offices? It's complicated
While Downtown Edmonton needs more residents, the case for committing city funds to a housing incentive program is dubious right now.
Most of the remaining emptier, older smaller office buildings do not have a good layout for residential and it would take a lot of money to make them even adequate. If this city feels it needs to incentivize downtown living which I believe is the main issue, I'm ok with that, but make it a general subsidy available to new construction as well as conversions.
TAS
Senior Member
But only so much money to spend. I would prioritize incentives for new builds. If no uptake, then maybe look at conversions.
MacLac
Senior Member
July 28, 2023
A new seven-floor residential building is open in Edmonton’s downtown, thanks in part to City of Edmonton investment. SYNC111 is one of the recipients of the 2021 Economic Incentive Construction Grant, which provided $22.9 million in grants to stimulate development and attract more residents living downtown.
“It’s amazing to see council decisions like this building in action,” said Ward Karhiio Councillor Keren Tang. “Downtown’s been through a lot in the past few years, but we can’t go back. Council is committed to finding innovative ways to rebuild and reimagine our downtown. This is an exciting start.”
The 2021 Economic Incentive Construction Grant is providing funding over five years to 10 successful grant applicants. These projects will have a significant impact, worth a total of $551 million, while creating 4,050 jobs, 2,341 residential units and 78,000 square feet of commercial space in and around downtown.
“Edmonton’s downtown has a lot of potential and we wanted to be part of that—there’s a lot of great and exciting things happening downtown, including new parks, post-secondaries, great nightlife and easy access to transit and services, and this grant helped us be a part of that.” said Craig Haan, Director of K&H Developments and part owner of SYNC111. “This is our first build in downtown Edmonton. We’ve built seniors residences, commercial developments and industrial complexes in Edmonton, but never downtown.”
SYNC111, located at 10312 111 Street NW, is steps away from MacEwan University and within walking distance of the ICE District. The building boasts 222 one and two bedroom units, each featuring nine-foot ceilings, open-concept kitchens, modern finishing and stainless steel appliances.
“It’s a great space,” said Councillor Tang during a tour of the building. “So open and airy. I can definitely imagine students and young professionals living very comfortably here.”
The 2021 Economic Incentive Construction Grant is a part of the City’s Downtown Vibrancy Strategy. It supports Downtown as Home, which is one of the strategy’s four pillars. The others are:
- Downtown as an Economic Hub
- Downtown as a Destination
- Downtown as a Safe, Welcoming Place
Since 2021—and in addition to the Economic Incentive Construction Grant—the City has awarded $6.5 million to support 61 projects through the Downtown Vibrancy Fund, which has leveraged an additional $8.5 million in private investment.
In 2023, the City also launched the Downtown Vibrancy Fund and Meet Me Downtown Grant, committing an additional $6.5 million to support projects that increase vibrancy and improve downtown safety by attracting people to live, work, play and visit the heart of our city.
Visit Transforming Edmonton for Councillor Tang’s tour of SYNC111.
For more information on Economic Incentive Construction Grant:
edmonton.ca/2021ConstructionGrant
For more information on the Downtown Vibrancy Fund and Meet Me Downtown:
edmonton.ca/meetmedowntown
Media contact:
Courtney Bettin
Communications Advisor
Urban Planning and Economy
780-288-5922
thommyjo
Senior Member
Does this seem a bit slow? Units maybe overpriced?
IanO
Superstar
A bit of an odd time of the year to be leasing too, but also shows the limited market these days.
MacLac
Senior Member
Huh? Do they not lease 365? I didn’t think leasing was a “seasonal” thing?
MacLac
Senior Member
I was thinking the same thing but after reading about one of Ian’s favourite projects in his favourite city…….it took more than 4 years to reach an 85% for them
IanO
Superstar
Certainly, but ramping up for the school year/back to work in Sept. is the primetime from mid-July to Sept 1.
MacLac
Senior Member
A project called “BLVD.”