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Edmonton City Centre Mall (Renovations) | ?m | 2s | LaSalle Investment Management

Hoarding is down!

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I guess they're open today! Layout is a little weird, but still better than the previous basement location. Bright, open entrances are nice and inviting, too.

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Looks like the Delta lobby is getting a refresh next:

PERMIT_DATE May 08, 2018
PERMIT_NUMBER 277272535-001
JOB_CATEGORY Commercial Final
ADDRESS 10200 - 102 AVENUE NW
NEIGHBOURHOOD DOWNTOWN
JOB_DESCRIPTION To construct interior interior alterations for lobby renovation to an existing hotel. Delta Centre Suite Hotel, City Centre Mall
BUILDING_TYPE Hotels (530)
WORK_TYPE (03) Interior Alterations
FLOOR_AREA 2,000
CONSTRUCTION_VALUE 90,000
ZONING CCA
 
Was it Delta that was bought out by Marriott? If so, I could understand a "refresh" to coincide with the new Ice District Hotel opening.
 
I can see them doing this. In Indianapolis all of the Marriot properties are situated on on large piece of land.

(JW, Courtyard by Marriot, Fairfield and Springhill suites and a couple blocks away there is a Marriot).
 
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Looks like they're planning to string some lights over the north sidewalk on 102A Ave:

Reference ID: Job No 370005556-002
Description: To construct exterior alterations to the building (adding stringing lights across the southern sidewalk on 102A Avenue, to connect from the existing light poles to the north facade of the City Centre Mall).
Location: 1, 1 - EDMONTON CITY CENTRE NW
Plan 1194TR Lot B
Applicant: DESIGN, ET CETERA.
Status: Intake - More Info Requested
Create Date: 8/11/2020 11:02:11 AM
Neighbourhood: DOWNTOWN
 
Description: To construct exterior alterations to the existing building (adding stringing lights across the southern sidewalk on 102A Avenue, to connect from the existing light poles to the north facade of the City Centre Mall).
Permit date: September 3, 2020
Type: Development Permit
Subtype: Major Development Permit
Category: N/A
Class: Class A
Status: Approved
Address: 1, 1 - EDMONTON CITY CENTRE NW
Neighbourhood: DOWNTOWN
Zoning: CCA
 
Despite the woes of these two retailers, there’s a lot to be optimistic about in Edmonton’s downtown. Its population of residents is growing, the Ice District continues to develop into a legitimate entertainment district and the Valley Line LRT to Mill Woods will come online next year, easing up on the construction and making downtown that much more accessible. The western leg of the line is in the procurement phase and is expected in five or six years. And a change of ownership may also be a welcome harbinger. Chicago- based Lasalle Canada Property Fund (LCPF) bought Edmonton City Centre and the three office towers that rise above it — TD Tower, Oxford Tower and Centre Point Place — from Oxford Properties last November for more than $300 million. The LCPF did not return requests for comment, but in an interview CEO John McKinlay gave to Real Estate News EXchange at the time of the purchase, he said the mall provided strong tenant depth, long-term liquidity and a diversified income stream. And it’s already been through the wringer. “Given what’s transpired in the global economy, and particularly in Alberta over the last 10 years, we very much consider this asset stress-tested more than most,” he said.

Patterson says the real prizes were the three towers, which are almost full and are all in the eastern half of the complex. He wouldn’t be surprised to see the new owners tear down the low-density western half, the one that houses the old Bay, and make a street-facing, pedestrian- friendly, engaging stretch of downtown.
 

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