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Downtown

Yeah, she's going to have a pretty loyal customer base mainly because of who she is, which is fantastic. Good extension to Rice Howard Way too with luxury retail and upscale dining.

Hopefully this inspires others to set up in the area. I personally would be all for the Rice Howard area being our luxury/upscale area downtown.
 

10921 - JASPER AVENUE NW Plan NB Blk 9 Lots 42-43 - Major Development Permit​

External ID
557163073-002
Job Type
Major Development Permit
Description
To construct a 75 Dwelling Multi-unit Housing (apartment) building with an existing patio, 2 Ground Floor non-Residential Use (TBC), and an underground Parkade with shared access via the WSP building.
Applicant
GARDNER ARCHITECTURE INCORPORATED
Status
Intake - Payment Required
Class of Permit

Create Date
January 13, 2025
Approval Date

Location
10921 - JASPER AVENUE NW Plan NB Blk 9 Lots 42-43
Neighbourhood
DOWNTOWN
 
SimonCo said:
If you guys had to buy an investment condo, would you choose either Stantec (Sky Residences) or Legends? Assuming those were your only two choices. Anyone know anything about either buildings? Build quality, management, etc? I am thinking of scooping a couple up to rent out.
Click to expand...
I'm renting in Sky. You can DM me if you want, but I wouldn't buy as an investment in either of these buildings. I agree with @IanO that Sky is more geared toward renting, but the top floors have a high concentration of owners.

Legends is a nicer building, and will command higher rent/sqft. I don't think there is a nicer apartment tower in Edmonton.

I'd estimate a cash purchase IRR to be around 3-5% for either of these two buildings. If that's your cup of tea, Legends is your building.

Significantly cashflow negative if you finance with 20% down.
 
SimonCo said:
If you guys had to buy an investment condo, would you choose either Stantec (Sky Residences) or Legends? Assuming those were your only two choices. Anyone know anything about either buildings? Build quality, management, etc? I am thinking of scooping a couple up to rent out.
Click to expand...
It all comes down to purchase price, rental return, sales price and your investment horizon. Both are premium product in their segment so they’ll command premium prices today as that’s the least depressed segment. You will likely be able to still command a premium price when you do sell and prices should continue to rise in our market so there should be some return but possibly not what you might achieve by purchasing in a depressed segment of the market where your return will include a market rebound in addition. You may also be able to minimize your risk by purchasing more units for the same investment.
 
Greenspace said:

10921 - JASPER AVENUE NW Plan NB Blk 9 Lots 42-43 - Major Development Permit​

External ID
557163073-002
Job Type
Major Development Permit
Description
To construct a 75 Dwelling Multi-unit Housing (apartment) building with an existing patio, 2 Ground Floor non-Residential Use (TBC), and an underground Parkade with shared access via the WSP building.
Applicant
GARDNER ARCHITECTURE INCORPORATED
Status
Intake - Payment Required
Class of Permit

Create Date
January 13, 2025
Approval Date

Location
10921 - JASPER AVENUE NW Plan NB Blk 9 Lots 42-43
Neighbourhood
DOWNTOWN
Click to expand...
Someone should start a new thread for this one. Can’t find the pic that @Avenuer posted a month or two back……
 
@MacLac -- the other loft project across the street from p-b manor on 108th street and I suspect MacLab's student housing project on the Funeral Home site will all go in 2025 -- maybe even a start on Parks II if the leasing of I remains in top form (I can't think that MacLab would want to see the eyesore site next to their spanking new building remain for long -- ditto for Falcon II -- should be near 1,000 units in 2025 (I suspect that will turn out to be a minimum).
 
When we design, we should always design through a lens of inclusiveness, accessibly and in thoughtful way, right?

Why then, does this philosophy not extend to the most obvious of our urban environments?

When we prioritize (right/left turning flasher pre-walk sign) vehicles with climate controlled environments, over those of us waiting to cross in -26C, I begin to wonder a few things, including:

1. who determines the hierarchy of need and priority?
2. what do other cities do?
3. maybe I should buy a car and drive the 5 blocks to work.

I ask you, should we not 'advance' those standing out in the cold/rain/heat/wind first?
 
IanO said:
When we design, we should always design through a lens of inclusiveness, accessibly and in thoughtful way, right?

Why then, does this philosophy not extend to the most obvious of our urban environments?

When we prioritize (right/left turning flasher pre-walk sign) vehicles with climate controlled environments, over those of us waiting to cross in -26C, I begin to wonder a few things, including:

1. who determines the hierarchy of need and priority?
2. what do other cities do?
3. maybe I should buy a car and drive the 5 blocks to work.

I ask you, should we not 'advance' those standing out in the cold/rain/heat/wind first?
Click to expand...

Thanks for highlighting this - I ask myself this question, too. At 116st and 100Ave is a noticeable spot where a long advance turn exists at the beginning of a light cycle while pedestrians are standing there (sometimes with no cars at all, especially in the evening).

Another point - I was riding my bike along 83Ave last week and came to an intersection where a pedestrian was nearing the crosswalk so I started to slow and then stopped waiting for him to cross. He then rushed across like he was a burden or that he was an inconvenience. It's not uncommon to see that though, pedestrians rushing across the street so they don't keep motorists waiting. Very cultural.
 
At the very least we should add vehicle sensors to all advance turn arrows, to avoid pedestrians having to wait for no reason if there's no cars turning. It would also help prevent situations where the arrow starts flashing and a car races up from a block away to catch it, I'm sure a lot of collisions with lamp poles happen this way.
 
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