Downtown

[degrandprix]

Pretty minor in the grand scheme of things but seems like a building permit's been issued for the McKenney Building conversion on 104 St, so that's officially 33 more units under construction downtown.

That is actually newsworthy if those units end up being sold as condos, that would be the first condo inventory was added downtown in several years I think?

 

[IanO]

I just want to see this building active again and here's hoping they do a rooftop patio.

 

[Kosy123]

That is actually newsworthy if those units end up being sold as condos, that would be the first condo inventory was added downtown in several years I think?

Is it a condo development? I kinda just assumed every new residential construction/conversion in downtown was a rental tbh.

 

[David A]

On a more positive note Money Mart is moving across Jasper to Mayfair. Is this a sign?

I suspect it is. I seems they were going to stay there as long as possible, so it probably was the landlord saying time to go now, other things are happening here soon.

 

[degrandprix]

Is it a condo development? I kinda just assumed every new residential construction/conversion in downtown was a rental tbh.

I have no idea, I was thinking it might be since all the other warehouse-to-residential conversions are condos. However they were all done 10+ years ago when most new builds were condos as well, so probably this one will be rental.

 

[David A]

I was thinking condo also, given that it was an unique older warehouse building that could appeal more to buyers than renters.

Condo prices seem to be going up some , there do not seem to be as many units for sale downtown and really nothing new has been added in the last several years in this area. So it could be the time to cautiously start adding more, such as on a smaller scale like this.