Something something due diligence. 
Emerald Tower | 153.61m | 45s | Regency Developments | DER + Associates
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Edmontonian
Active Member
Love the development over on this side of jasper ave, hopefully Regency doesn't screw this up.
bodsbods9090
Active Member
Just fill the lot and make it less of an eyesore. Was hoping to see something happen here but Regency is busy with the old BMO site and Strathern...or is it Holyrood?
Slow day at work so I'm just going through some old threads on here ?
Slow day at work so I'm just going through some old threads on here ?
Friendmonton
Active Member
COVID aside, with Regency pushing ahead with Holyrood and sitting on the BMO site, what are the chances they continue working on the Emerald? The last news report that talked about the unkempt site mentioned they wanted to try starting again this summer. Can developers in general, and Regency (which doesn't have the greatest reputation) in particular work on simultaneous projects? Or will this most likely sit for another few years?
Any company can work on multiple projects with enough money. I doubt anyone here knows the inner workings of their books though.
archited
Senior Member
Banks are becoming a little skittish with the uncertainty of COVID -- they should be taking the exact opposite reaction if they are not wanting their own business models to collapse. The bravest banks will be the survivors. Developers are feeling the pressure.
_urbanite
Senior Member
Lake side views right in the middle of downtown...
Freedm
Active Member
Surprisingly nice pics of a blight on our avenue. Well done.
cmd uw
Active Member
Can developers work on projects simultaneously absolutely. We're doing it with Stathcona Hotel, @81 and Substation currently all under construction. It all depends on how much equity you have to deploy into developments AND market conditions. Lenders are still underwriting loans, but they are a lot more cautious and scrutinize every detail. It's times like this where you need to be in AAA standing with lenders.
_urbanite
Senior Member
Thanks. It just so happened the sky was clear and lighting was right at that moment
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Airboy
Senior Member
So Emerald has become an inner city wet land. Someone should put up a ducks unlimited sign.
Freedm
Active Member
Ya, sad, but we knew it would sit for a while once they put up that permanent chain link. They're probably starting from scratch.
KreationYEG
Active Member
Bird pond
BFitzStructEng
New Member
Correction: I believe this was dubbed "Lake Jasper" a couple years ago, was it not?
David A
Senior Member
Perhaps the developers might want to go with that. It sounds better than Jasper Slough, although the latter would probably be more accurate.