davcocom
New Member
hopefully a tower!
Abbey Park Residences | 22.86m | 6s | Abbey Lane Homes
- Thread starter Daveography
- Start date
MacLac
Senior Member
Just got bought yesterday……so barely 1 day on the market…….not bad…..Well that was quick.
IanO
Senior Member
Does not surprise me one bit given the lack of modern quality/institutional product out there.
Barnaby
Active Member
I hope they build something else in the area.
You reminded me to post this photo I took on Sunday.
You reminded me to post this photo I took on Sunday.
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Romanov
Active Member
Agree, there definitely is a gap in terms of higher quality rental product in Edmonton. The below article outlines how Avenue living, who mostly invests and manages property rather than develops, just purchased two Edmonton apartments and is drawn to the market gap in which many competing apartments are lower quality and under-managed.
Avenue Living passes $5B in assets under management
Avenue Living Asset Management was founded in 2006 with the purchase of 24 rental units in Brooks, Alta. for just over $3 million. With its latest acquisitions, the Calgary firm has surpassed $5 billion in assets under management, with continued growth on the horizon.
renx.ca
cmd uw
Active Member
Highly unlikely. Better margins, lower risk to build 6-storey wood frame. Abbey Lane has built both wood and concrete product and I am almost certain Bruno would tell you the same thing.
strata
Active Member
The land purchase they announced on Wednesday was at Michener Park, so I would assume a project very similar to this one.
IanO
Senior Member
Put money on it.
thommyjo
Senior Member
Gronk!
Senior Member
Those townhouses with the bubble windows need to be protected at all costs - full stop.
TAS
Senior Member
Platinum107
Senior Member
I dunno what it is exactly but, there's something I like about the scale of this new building + the fully-grown trees in front. Feels very European imo (besides the cheap finishings).
David A
Senior Member
The brick looks nice and helps it fit in better. At least they didn't cheap out on that and just put a sliver of it half way up the first level like some other buildings here do.
Clearshades
Senior Member
There is articulation to the process vs Icon/Fox's sloppy-joe finishes.
Those trims add wonders to the look. They have no structural integrity whatsoever but just purely aesthetics. Falcons is most likely using this method, but the dull white color will drown that out considerably as they're using white trims. Had they chosen a color to contrast and offset the white, it would pop out quite considerably- for example, a red or green trims would have easily pop out from the white for a more prominent look.
