Grandin 4 | 23m | 6s | Westrich Pacific | J+S Architect

What do you think of this project?

  • Total voters
    28
20241002_173426.jpg


20241002_173514.jpg
 
Concrete high-rise construction is a bit tricky right now given high construction costs, overall duration ie interest payments and relatively low rents.
 
^ maybe for rear-view-oriented developers or those who want to justify their swing to cheap, poorly designed edifices. The high-rise market is just beginning to warm up in Edmonton -- there will certainly be some who are left behind.
 
IanO said:
Concrete high-rise construction is a bit tricky right now given high construction costs, overall duration ie interest payments and relatively low rents.
Click to expand...

This project was at one point going to be a highrise then got scaled back to 6-storeys. You don't see the same option happening for the lot beside this one?
 
IanO said:
Respectfully, you are simply out of touch with the realities of building and developing in Edmonton.
Click to expand...
Not so much -- I am involved with a number of potential Edmonton developers and California developers giving Edmonton a strong look-see with their attached projects (in the advanced planning stages). The forward looking will benefit in the next year. You will see a number of high-rises starting up or going through approval stages in the City in 2025. My experience with development and developers generally -- in the early stages they are less risk averse and take gambles that pay off; when the subject office matures they tend to go for the bucks and safe investments; when they mature even further they typically become "stature-minded" and look for innovative high quality projects. A company like Maclab or Qualico is in the latter category; a company like Beljan is in the first category; a company like Westrich has landed in the middle category.
 
In development it is always important to be innovative! -- lest you get tagged with the moniker "greedy".
 
You must log in or register to post here.

Back
Top