121 West | ?m | 10s | Regency Developments | DER + Associates

[Kosy123]

I’d legitimately want a Soviet style 50’s Khrushchevka apartment there than this.

At least those look nice once refurbished and repainted.

This just looks ugh

 

[thommyjo]

My friend just told me he rented here. 1200 for a 2bdrm. I guess the prices will fill it up.

 

[IanO]

That it will, that it will.

For the VAST majority of people the exterior cladding and palette means very little if anything. It's about what's inside, amenities, finishes, location and $$$.

 

[mcr]

That it will, that it will.

For the VAST majority of people the exterior cladding and palette means very little if anything. It's about what's inside, amenities, finishes, location and $$$.

Exactly this. As badly designed as it is on the outside, and as much as I hate the project overall, $1,200 for a 2 bed, semi-downtown in a concrete building is a pretty good deal and will absolutely fill up.

 

[ChazYEG]

Exactly this. As badly designed as it is on the outside, and as much as I hate the project overall, $1,200 for a 2 bed, semi-downtown in a concrete building is a pretty good deal and will absolutely fill up.

I pay $1200 and my building is an old, non renovated one, in the same area (west Oliver). This will be COMPLETELY filled up in months, especially considering the proximity with Unity Square and everything there.
They nailed the pricing on this one.

 

[northlands]

Does it come as a bit of surprise to anyone else that despite that girth, there aren't any 3 BR options? Especially if they could nail a $1400-1500/mo rate, families would eat those up.

 

[mcr]

Does it come as a bit of surprise to anyone else that despite that girth, there aren't any 3 BR options? Especially if they could nail a $1400-1500/mo rate, families would eat those up.

Even their 2 beds are on the smaller side, so I'm guessing they were just trying to squeeze as many units in as possible.

On Rentfaster, they list 1 bed at $1,100 and a 2 bed at $1,275. So if we assume a studio goes for $1,000, if the squeeze a 2 bed + studio into roughly the same space as a 3 bed they're getting $2,275 instead of $1,400 for roughly the same space. That'd be my guess.

 

[IanO]

3 bedrooms are tricky and often overpriced for most families.

 

[archited]

^^^^ unless the unit is shared by three or more room-mates sharing the rent.

 

[ChazYEG]

3 bedrooms are tricky and often overpriced for most families.

But that's the point here, no? At $1400~1500, a 3 bedroom here would be in a great price point and would likely still turn a profit for them, all the while attracting a different kind of resident to the area (families with kids).
They didn't need to add too many, but having a few would've been great.

 

[Edmcowboy11]

Lots of density us great. Decent price, proximity to shopping at the power center and 124st, proximity to LRT, I think despite the exterior it will be sold out sooner than later.

 

[IanO]

$460 per leasable square foot

Bradyn Arth on LinkedIn: #ipacanada #yegapartments

With occupancy permit imminent, 121 West has seen an incredible surge of pre-leasing. Well located, we're excited to be taking this concrete asset to market…

www.linkedin.com

 

[northlands]

Lets get this one sold, profit cut, and new projects moved forward, eh Regency!

 

[EdmTrekker]

It looks like a ghetto.

 

[_urbanite]

It looks like a ghetto.

Can't wait to see what it really looks like in 10 years