About a month ago I had an email exchange with Harrison Wolfe, President of Edmonton Motors. He confirmed that the dealership is moving but that he had no intentions of selling or developing the land. Used car sales, anyone?
In general, it's very disheartening to see local families and entrepreneurs that own valuable central lands who would rather just sit on them underutilized or vacant than building up the city they live in, bring pride to their hometown, and leave a lasting legacy for themselves and their descendants.
I agree @Daveography -- I had actually sent a fairly lengthy email to him underscoring those very points, but he insisted he was not interested in a development move. I think he believes that the land value will continue to soar as projects take shape around his site. I wrote back suggesting that a well designed project value would likely treble that potential increase... still no interest. Ah well, you can lead a horse to water...
First phase will be two towers south of Jasper Ave on 115 St: 43s and 35s
Pangman is one of three partners (other two don't wish to be named yet), architect is Kirkor.
Speaking with John Day, he is very bullish about this project, has been meeting with the community quite a bit before this open house.