Blatchford Development | ?m | ?s | City of Edmonton

MattPT said:
Is there any news on the four lots with potential mixed use? Would be nice to see first commercial spaces here. I think they can be seen in the video just posted.
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One (bottom right of the circle) has a pending development permit and signed blatchford agreement with Crimson Cove, who are already building homes at Blatchford; the rectangular plot below the circle has an approved DP, but no builder's agreement signed yet so it isn't reflected on Blatchford's map of upcoming projects; and the city claims (see my post above) that they have four signed agreements (totalling ~250 units) to subsidize multi-unit buildings' district energy connections (they need a special mechanical room), so either there are two more yet to reveal themselves, or the Streetside and Stratosphere projects are the other two.
 
CplKlinger said:
One (bottom right of the circle) has a pending development permit and signed blatchford agreement with Crimson Cove, who are already building homes at Blatchford; the rectangular plot below the circle has an approved DP, but no builder's agreement signed yet so it isn't reflected on Blatchford's map of upcoming projects; and the city claims (see my post above) that they have four signed agreements (totalling ~250 units) to subsidize multi-unit buildings' district energy connections (they need a special mechanical room), so either there are two more yet to reveal themselves, or the Streetside and Stratosphere projects are the other two.
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Based on random things I’ve heard but can’t remember my source, I believe Crimson Cove has plans for 3 buildings, all in the circle in the map that was posted. I assume they’ll do one at a time.
 
As a matter of interest the lot adjacent to the storm water pond is being excavated. I noticed this on my tour a couple of weeks ago.
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Glenco said:
As a matter of interest the lot adjacent to the storm water pond is being excavated. I noticed this on my tour a couple of weeks ago.
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It and the adjacent lot foreground left are Streetside's. We noticed foundations and utility hook-ups were in place for what appeared to be a row of townhouses. Blatchford plan calls for these tracts to be fee simple.
 
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Hard to see in my subpar picture, but the Stratosphere Pilot project is really flying. Framing has begun on 6 buildings with 3 pretty close to finished. 12 of 14 buildings have foundations poured. The basements have been excavated for the last 2 buildings.

They set ambitious timelines on this project (all 90 units done by late 2025). I doubt they’ll make that but it’s possible depending how the winter goes.

Also, no picture, but Streetside has footings done for 8 units facing the storm water pond, with the complete foundation poured for 4 of those.
 
fjordgard said:
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Hard to see in my subpar picture, but the Stratosphere Pilot project is really flying. Framing has begun on 6 buildings with 3 pretty close to finished. 12 of 14 buildings have foundations poured. The basements have been excavated for the last 2 buildings.

They set ambitious timelines on this project (all 90 units done by late 2025). I doubt they’ll make that but it’s possible depending how the winter goes.

Also, no picture, but Streetside has footings done for 8 units facing the storm water pond, with the complete foundation poured for 4 of those.
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Streetside has several units completed and near completion that have been for sale for several months with just one sale (unit #17). They are priced $370-410k for about 1100 sqft over three floors, 2 bedrooms and a single garage.

Lowest priced properties in Blatchford.

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TAS said:
Streetside has several units completed and near completion that have been for sale for several months with just one sale (unit #17). They are priced $370-410k for about 1100 sqft over three floors, 2 bedrooms and a single garage.

Lowest priced properties in Blatchford.

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I saw this recently too. Very concerning. Especially cause these are only priced 30-50k more than identical products in new suburbs from street side. So it feels like a pretty big hit on the attractiveness of the area.
 
thommyjo said:
I saw this recently too. Very concerning. Especially cause these are only priced 30-50k more than identical products in new suburbs from street side. So it feels like a pretty big hit on the attractiveness of the area.
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As much as I want the prices in Blatchford to be as affordable as possible (believe me), this area is quite different from a "new suburb" in a few key ways and that may justify the slightly higher price.
 
thommyjo said:
I saw this recently too. Very concerning. Especially cause these are only priced 30-50k more than identical products in new suburbs from street side. So it feels like a pretty big hit on the attractiveness of the area.
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If Streetside can't sell $370k product in Blatchford, you can pretty much kiss goodbye any hope of significant absorption over the next few years.
 
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