Greenspace
Senior Member
This is the Westrich owned demolition and DP for surface parking of the old Emergency Relief Society building. It was posted in the Downtown thread.
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Downtown Real Estate
- Thread starter Daveography
- Start date
Tropical
Active Member
I thought the Westrich tower was going up where the Emergency Relief Society building is currently standing, rather than the parking lot across the street?
Greenspace
Senior Member
^No. They have told me it's not a priority site for them. Could be quite a few years off. In the meantime they have an approved permit to demolish the back of the building for surface parking.
Tropical
Active Member
Ok. Let me explain my confusion. The address in the demolition permit is for here: https://www.google.com/maps/place/1...526!4d-113.4997624!16s/g/11ggs9p2g7?entry=ttu
But the website for the tower shows the property across the street: https://westrichpacific.com/introducing-ice-tower/
Thanks for the help!
Greenspace
Senior Member
Oh weird! I think I got that wrong. My bad. But that site is just a surface parking lot, so I can't imagine what they're demolishing let alone altering. The 'Henry' part refers to Henry Mah. Maybe it actually is the Impark kiosk.
David A
Senior Member
Yes, this is quite confusing about demolishing a site whose address is a parking lot. If so, I suppose it should be an easy demolition.
And, if the intention is to build first on this parking lot, rather than tear down other existing nearby buildings, bonus!
And, if the intention is to build first on this parking lot, rather than tear down other existing nearby buildings, bonus!
MacLac
Senior Member
IanO
Senior Member
^coming out of Commerce Place. Wonder what the net sqft is.
occidentalcapital
Senior Member
"
Edmonton is gathering momentum. Businesses and investors should take note and take advantage.
The downtown office market ended 2023 positively, with vacancy dropping 100 bps in a single quarter to 22.9% in Q4, thanks to 158,160 sq. ft. of net absorption. It was the best quarter for absorption in nearly three years."
Edmonton is gathering momentum. Businesses and investors should take note and take advantage.
The downtown office market ended 2023 positively, with vacancy dropping 100 bps in a single quarter to 22.9% in Q4, thanks to 158,160 sq. ft. of net absorption. It was the best quarter for absorption in nearly three years."
David A
Senior Member
All the reno work to the CWB building has made it quite an attractive space.
Avenuer
Senior Member
Lets hope this trend continues this year!
BASE
Active Member
Good to see vacancy drop. I was fearful it might go up as leases expire and tenants take up smaller footprints. Still hear so many stories of folks that used to be full time in the office still only going about once per week.
archited
Senior Member
The Office horizon for Edmonton looks very bright -- but the focus should lie elsewhere.
IanO
Senior Member
^^most are taking 50-75% of their previous space.
^What do you base that on? History?
^What do you base that on? History?
David A
Senior Member
We are definitely in a period of adjustment as people return to the office, but some continue to work from home.
Fortunately, we are not really building any new office space downtown now, so over time I expect as the city and economy grows, the surplus will be absorbed.
Fortunately, we are not really building any new office space downtown now, so over time I expect as the city and economy grows, the surplus will be absorbed.