Kosy123
Active Member
I believe so. The signs for La Pampa have been there for a long time after they stopped operating. Just saw the new signs today which I'm very glad to see.
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Downtown
- Thread starter Daveography
- Start date
David A
Senior Member
The mall one is very close to the former HSBC one, but I am wondering if they will keep the one in the Edmonton Tower which is less central.
Also the mall one does link very nicely into the pedway system, so may be more convenient for people from nearby office buildings especially when the weather is not great.
It essentially replaced/combined the two previous older branches (on Jasper Ave and in Manulife), so it is a good size.
Gronk!
Senior Member
David A
Senior Member
Yes, it would make sense to reopen the access to the former HSBC Place. I don't recall if it closed due to construction there before COVID or after that. In any event it hasn't seemed to be a priority so far for anyone.
IanO
Senior Member
ECC is an excuse.
David A
Senior Member
Yes, I think while diminishing some, there are probably still safety concerns/issues on the HSBC (now RBC) side. And with more people back working in the towers, the mall space will actually be more viable.
Yeggy
Active Member
Prospects bright for Alberta office markets in wake of steady Q1
Alberta office saw resilient demand in the first quarter, led by Edmonton
Vacancies rose 10 basis points in Calgary to 28 per cent overall and 30.3 per cent downtown. Edmonton saw overall vacancies decline to 30 basis points (bps) to 21.1 per cent with downtown falling 60 bps to 22.3 per cent
and
Class A vacancies in both Edmonton and Calgary declined, with CBRE reporting a half-percentage point decrease in downtown Calgary to 24.5 per cent. Edmonton held the course at 20.9 per cent, just 10 bps below last quarter.
This reflected national trends.
Alberta office saw resilient demand in the first quarter, led by Edmonton
Vacancies rose 10 basis points in Calgary to 28 per cent overall and 30.3 per cent downtown. Edmonton saw overall vacancies decline to 30 basis points (bps) to 21.1 per cent with downtown falling 60 bps to 22.3 per cent
and
Class A vacancies in both Edmonton and Calgary declined, with CBRE reporting a half-percentage point decrease in downtown Calgary to 24.5 per cent. Edmonton held the course at 20.9 per cent, just 10 bps below last quarter.
This reflected national trends.
Kosy123
Active Member
Seems like we're in a slight positive trend of office space absorption lately. Here's hoping we reach 10-15% vacancy by the end of the year? (lol I know that's a long shot but let me dream)
IanO
Senior Member
I would say that anything lower than 18-20% would be success, but am less optimistic about anything more than that for a number of years.
David A
Senior Member
Yes, I feel anything below 20% would be success at this point. However, it is good to see things recovering even if it is gradual.
However, I am more optimistic about in a year or two. Heck even Federal government employees are having to RTO.
However, I am more optimistic about in a year or two. Heck even Federal government employees are having to RTO.
ChazYEG
Senior Member
It's just Pampa.
It's Portuguese, not Spanish.
If there was to be an article there, it would be "O" Pampa, because Portuguese is a gendered language and Pampa is a masculine word.
Gronk!
Senior Member
New Korean restaurant opening in the former (La) Pampa space.
Now hiring!
No sign of what's happening with the former 7-11 space
Now hiring!
No sign of what's happening with the former 7-11 space
IanO
Senior Member
Great to see the former Pampa spot filled again as it really activated that area in the evenings.
Kosy123
Active Member
Seems like there's decent momentum with new restaurants in downtown, now just hoping for some retail options or even some thrift stores too tbh
David A
Senior Member
Yes, still not much around for clothing and shoes, very little for furniture, appliances or hardware.
An area can't really be walkable if you have to drive to the edge of downtown or further to get so many things and until it is, it will not be that attractive to those who want to live in a walkable area.
An area can't really be walkable if you have to drive to the edge of downtown or further to get so many things and until it is, it will not be that attractive to those who want to live in a walkable area.