Friendmonton
Active Member
After Massey Ferguson and Emerald, I’m beginning to feel that I’ll need to see something at least at grade before getting any hopes up lol.
Edmonton Motors Lands Redevelopment | 170.07m | 56s | Pangman
- Thread starter Daveography
- Start date
MattPT
Active Member
Didn’t vermillion sit at grade for like two years? I won’t get excited until I see furniture in suites lol
Vacs
Active Member
Could have something to do with the rental real-estate market as well. Augustana doesn't look like its too full which is their property. The hat doesn't look very full. Housing market under 500k booming right now. Maybe they are re-thinking their strategy?
strata
Active Member
On the same token, I also wouldn't overreact the OTHER way just because of my comment based on a conversation with a contractor on the job...haha.
But yes, between construction costs increasing every 2 weeks, and a very tough housing market to predict in the short & long term, I would be cautious of treating any project as a go before construction kicks into high gear...regardless of the status of approvals & permits.
But yes, between construction costs increasing every 2 weeks, and a very tough housing market to predict in the short & long term, I would be cautious of treating any project as a go before construction kicks into high gear...regardless of the status of approvals & permits.
Ehhh? Markets are at ATH right now.
True. As we all know, the permit/preconstruction phases take forever. That said, if this is the contractor doing demolition/excavation, there may be cause for concern. Haha.
IanO
Superstar
These kinds of projects use/have long-term perspectives and will do well... but timing is everything.
Clearshades
Senior Member
The true market or manipulated market.
IanO
Superstar
The manipulated market is the true market.
Clearshades
Senior Member
OK... I'm curious how stock markets could be at an all time high when the whole globe was KO by COVID while most western nations are still in lockdown mode. The only country with positive GDP in 2020 of 2.8% was China when everyone else saw negatively declines. USA has nearly 29 trillion national debt with 86 trillion over all debt (all shown on the world debt clock). This does not include debt bonds other nations such as China (roughly 1 trillion) or Japan ( 1 trillion+) currently hold. If they sell those off. There are also stimulus debts to be tallied into the overall debts. Massive homelessness and on tle rise amongst other systemic issues. Stocks are for wealthier people, primarily the 10%, and they're not the true indicators imo.
Can we just not talk about systemic off topic issues in development threads? Make a thread for it in the appropriate sub forum if you feel the need to go deep on it.
Clearshades
Senior Member
Absolutely... back on track.
TAS
Senior Member
Took this at lunch on my walk - parked behind the 114 St building. Wishful thinking on my part that something may be happening soon? Could be for Jasper Ave work.
northlands
Senior Member
Chemco unit, probably for some sort of utility/infrastructure work
JC_Yeg
New Member
I also walk this block often during lunch, Chemco vehicles have been around the sites in the law few weeks, also saw ATCO at the 116th NW building today
Macroman520
New Member
I hope we'll see some movement on this soon. This sort of development is just what is needed along Jasper Avenue. I was driving through the area a few weeks ago admiring the progress on CNIB and Glenora Park, and the thing that struck me most was the distinct lack of substantial buildings fronting onto Jasper Avenue between about 112 and 119 Streets. This project will really help to give that stretch of Jasper Avenue the proper big city feel it needs.