Falcon Towers | 170m | 44s | Langham Developments | Arc Studio

[cliffapotamus]

BP:

2023-02-06

Commercial Final

To construct STRUTURAL FRAME ONLY for future multiuse high rise building - Falcon Tower One.

10023 - 104 STREET NW

The fact that this thing is moving onto its 3rd floor and just got its structural permit... I love it. i wonder how far things will get before the rest of the permits for the exterior, interiors, etc get approved.

 

[IanO]

Happens far more often than you might believe and is usually innocuous.

 

[Jack Harris]

will the construction of the second tower start in late 2023/early 2024? or still waiting for approval for that one

 

[archited]

I believe that there is Planning Approval for the entire project but that Tower 2 has not yet been submitted for Building & Safety approval (foundations, structure, or otherwise) -- @Avenuer can clarify that.

 

[Avenuer]

I believe that there is Planning Approval for the entire project but that Tower 2 has not yet been submitted for Building & Safety approval (foundations, structure, or otherwise) -- @Avenuer can clarify that.

Correct, just Tower 1 has a Building Permit submitted at this time.

 

[IanO]

I spoke with Langham three weeks ago and inquired about Tower 2; design is actively moving forward, but the Downtown market is such that it will likely be a pushed out a little bit.

 

[CaptainBL]

I spoke with Langham three weeks ago and inquired about Tower 2; design is actively moving forward, but the Downtown market is such that it will likely be a pushed out a little bit.

Very very interesting comment. Edmonton's downtown market is just so unique compared to other downtown markets its almost baffling.

The rental market in general is on fire right now with buyers holding off buying homes, immigration into Alberta is driving demand for rental property development, rental rates are increasing (good for developers) yet still affordable in Alberta (good for renters), and CMHC funding is very much giving a boost to multi-family developments in Alberta right now. The number of rental towers in Calgary's downtown being proposed because of these reasons is substantial yet Falcon 2 a rental project is being pushed back because of downtown Edmonton's market situation?

I guess what I am saying is that if the downtown Edmonton market cannot ride the current wave of favourable market economics driven by 1. rising yet still affordable rental rates and 2. immigration into Alberta I really dont know what it will take to ever get a further boost to residential downtown. It is almost as perfect storm as you could ask for for downtown from a macro economics standpoint yet I dont know that downtown is seeing the activity it could.

Note, yes there are a number of residential projects that are under construction right now, but I am surprised that the pipeline of projects being proposed isnt higher and projects like Falcon 2 are being pushed back rather than accelerated.

 

[BASE]

It is quite something indeed. Hopefully the Parks, Stationlands, & Falcon see a lot of success and the next phases of those projects become no brainers.

 

[archited]

Here's another prediction -- Edmonton will blossom in 2024, but for every apartment built in the Central Business District there will be 2 built in Oliver.

 

[northlands]

Here's another prediction -- Edmonton will blossom in 2024, but for every apartment built in the Central Business District there will be 2 built in Oliver.

What do you think @archited, will there be 25,000 people in Oliver before 2030? There were approx 19,000 in 2014, can't find a more recent statistic

 

[CaptainBL]

Here's another prediction -- Edmonton will blossom in 2024, but for every apartment built in the Central Business District there will be 2 built in Oliver.

For someone who at best challenges and at worst picks at certain posters' predictions and claims, you sure have a lot of unsubstantiated pie in the sky and optimistic statements.

I am still waiting for your adamant claim you staked your reputation on that the Quarters hotel sales trailer will be on site last March to lead the way towards the blossoming you envision.

(Hey Psst -- can you keep a secret) Alldritt owns the land north of the Russian Orthodox Cathedral abutting the south side of Jasper Avenue on 96th Street. Here they will be building their "presentation center" for the 80-storey tower; they also own the parking lot south of of the ROC which will provide parking for those checking out the "presentation center". I'll stake my reputation on this happening soon...

 

[archited]

What do you think @archited, will there be 25,000 people in Oliver before 2030? There were approx 19,000 in 2014, can't find a more recent statistic

There will be more than 25,000 people in Oliver by 2030.

 

[archited]

you staked your reputation on that the Quarters hotel sales trailer will be on site last March

It is what I was told by Alldritt -- and a claim that at the time I believed because I was interested in taking some retail space in their building. If we can't go by what is proposed and what may or may not be true then what is the F'ing point of this website. You call it "pie-in-the-sky" -- well then the whole Skyrise City site is "pie in the sky" because it focuses on "what could be" -- if that isn't good enough for you then I can't help you and you can believe all of the negative crap that is promulgated here from time to time from different sources. I am not Alldritt and so whatever is passed on by them to me is what I report to you and the website -- like it or don't, it is your choice.

 

[IanO]

Here's another prediction -- Edmonton will blossom in 2024, but for every apartment built in the Central Business District there will be 2 built in Oliver.

Looking at the list of current proposals, zoning (current/potential) and economics, I would take that bet.

 

[archited]

You can have it.