Connect Centre | 56.3m | 16s | ONE Properties | DIALOG

[IanO]

Can be!

You most certainly do not have to have them average out to $600/sqft to be viable.

Encore was in the 550 range, Fox was in the 500 range and resale there are tons available for 400-500.

 

[archited]

^^^^ if that is true (and I have my doubts) it would go to a clear explanation of why no one is building condos -- what developer in his/her right mind would want to build condos and sell them at a loss, promoting a race to the bottom. I can see some anomalies during COVID but as a general trend this is a financially unsustainable model -- same is true for rentals. Something is way off here in terms of your numbers Ian; otherwise construction in Edmonton would grind to a complete halt.

 

[IanO]

Construction costs for delivering concrete high-rise product certainly ranges, but last I saw it was ~$350-400/sqft which does not include other hard or soft costs.

Wood frame condos in and around the core can be delivered for closer to $300-325/sqft.

 

[Avenuer]

 

[IanO]

https://twitter.com/i/web/status/1431075688031870977

 

[Abba]

View attachment 343693View attachment 343693

Whoa... this is the exact same view/picture I took and posted previously?!

Edmonton tower. 25th floor. Boardroom?

 

[Hugh Jazz]

Construction costs for delivering concrete high-rise product certainly ranges, but last I saw it was ~$350-400/sqft which does not include other hard or soft costs.

Wood frame condos in and around the core can be delivered for closer to $300-325/sqft.

I'm not entirely sure what COVID has done to total construction costs, but pre-covid, you could definitely get concrete high rise rental built for sub-$300/sq ft (construction cost only). Not super high end mind you, but decent enough.

 

[Avenuer]

Whoa... this is the exact same view/picture I took and posted previously?!

Edmonton tower. 25th floor. Boardroom?

Nope, lower down in the tower. I ain't Mr. Katz haha.

 

[Abba]

Nope, lower down in the tower. I ain't Mr. Katz haha.

Well, neither am I... or am I????


Narrator: "he was not"

 

[westcoastjos]

 

[itom987]

I'm seeing a bunch of widgets, do-hickeys and big brother balls.

 

[KreationYEG]

 

[IanO]

It almost feels complete.

 

[Edmcowboy11]

So I wonder why it seems to be taking so long to finish off the exterior on that south elevation. It appears at least that they sorta stopped and have left the progression they were making.

 

[EdmTrekker]

I'm seeing a bunch of widgets, do-hickeys and big brother balls.

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