MacLac
Senior Member
They're building a 100km pipeline from west of the city to the new Linde plant soon to be under construction. Can't imagine they'd need anything more than 1-2 random pipeline laydown yards spread throughout the line.....
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Downtown Real Estate
- Thread starter Daveography
- Start date
northlands
Senior Member
^ it's a 200 km nat gas pipeline running from Peers, AB, to DOW, cool $2 billion project.
ATCO is also partnering with Shell to build another major carbon capture storage facility near Fort Sask.
Much as I'd like to see them grab space downtown and stay near big red, my money is on Twin Atria.
ATCO is also partnering with Shell to build another major carbon capture storage facility near Fort Sask.
Much as I'd like to see them grab space downtown and stay near big red, my money is on Twin Atria.
David A
Senior Member
This is a bit confusing. I'm not sure if this is an expansion why they wouldn't just use space available in their current building, as it seems there is the extra space there. Unless they feel may somehow be cheaper to get someone else to renovate or provide the space.
There may be reasons to have this downtown rather than elsewhere, such as to be close to existing staff and management.
There may be reasons to have this downtown rather than elsewhere, such as to be close to existing staff and management.
husky
Active Member
Was just passing on what I was told by someone at ATCO so it's certainly possible they were incorrect.
IanO
Superstar
It is a standard process when you are near expiry to sharpen pencils and test the market.
My understanding is that they are reducing their footprint due to WFH etc, but I don't have all of the details or RFP in front of me.
My understanding is that they are reducing their footprint due to WFH etc, but I don't have all of the details or RFP in front of me.
bodsbods9090
Active Member
I don't think that's the case. I know some people at ATCO. No indication of that happening...maybe they aren't as in the know as your source is.
JNO1
Active Member
Testing the market is what I have heard.
David A
Senior Member
I am not surprised by this, but sellers market is a term we haven't heard much in Edmonton for quite a few years.
edmontonjournal.com
For years there was no urgency to buy here because prices were stagnant. I feel the dynamic may start to shift, particularly for potential buyers who have been comfortable renting.
Re/Max predicting a seller's market in Edmonton for 2025
The city's average price for a home is predicted to rise 10 per cent in 2025, while market activity is expected to climb by four per cent.
edmontonjournal.com
For years there was no urgency to buy here because prices were stagnant. I feel the dynamic may start to shift, particularly for potential buyers who have been comfortable renting.