BIGE
New Member
What is going on with this one?
Hat @ 124 | 86.86m | 26s | Cidex Group | NORR
- Thread starter Daveography
- Start date
archited
Senior Member
'tis in the works.
davcocom
New Member
Does this mean this project is not happening anymore?
www.instagram.com
Omada Commercial on Instagram: "FOR SALE OR LEASE - This unique 25,000 SF Freestanding Building is along 124 Street and closely connected to Jasper Avenue. It is a great opportunity for an owner/user or future development. The site is placed in an ar
22 likes, 0 comments - omadacommercialNovember 30, 2022 on : "FOR SALE OR LEASE - This unique 25,000 SF Freestanding Building is along 124 Street and closely connected to Jasper Avenue. It is a great..."
www.instagram.com
IanO
Senior Member
That is consistent with what we have been hearing about CIDEX and this site over the last many months, but I worry about CIDEX's overall investment outlook on Edmonton... for I have heard they were not very happy with the Mayor et al. recently.
Avenuer
Senior Member
Yes, at least Cidex's proposed tower there isn't going ahead anymore, but they didn't ever purchase the site to begin with...Does this mean this project is not happening anymore?
View attachment 442158Omada Commercial on Instagram: "FOR SALE OR LEASE - This unique 25,000 SF Freestanding Building is along 124 Street and closely connected to Jasper Avenue. It is a great opportunity for an owner/user or future development. The site is placed in an ar
22 likes, 0 comments - omadacommercialNovember 30, 2022 on : "FOR SALE OR LEASE - This unique 25,000 SF Freestanding Building is along 124 Street and closely connected to Jasper Avenue. It is a great..."
EtoV
Active Member
Well at least the existing building wasn't demolished before the project was canceled. Not a great building but better than an empty lot
TAS
Senior Member
Not happy with the mayor over what?
CaptainBL
Active Member
I can think of a few reasons to be unhappy with the mayor and/or the Edmonton downtown development market in general:
1. General state of downtown (crime, cleanliness, vagrancy)
1A. Related to 1, deterring potential residential and commercial tenants away from their previously most recent completed project the Hat 5 corners
2. Valley line LRT construction 2 year delay also not helping the Hat 5 corners
3. The mayor's general lack of business acumen, relationship with the business community, willingness to have business/commercial development as a high priority agenda item (This is my guess most likely and most directly related to the mayor as I have heard this sentiment from many frustrated in the Edmonton business community. No one has ever accused the mayor of being an astute businessman.)
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IanO
Senior Member
I was not privy to that conversation, but have heard this from a variety of developers about City Hall in general.
Captain BL is likely close, with the need for Edmonton to be more business friendly, more attractive for investors and more regularly addressing foundational issues that are impediments to future projects/commitments/decisions.
Avenuer
Senior Member
So to Cidex, getting millions through the 2021 Edmonton Economic Incentive Construction Grant was not enough eh? Businesses gonna gripe and complain all they can in order to get as much from the City as possible I guess. An anti-business City Council would not have approved that grant in the first place, either. Silly.
IanO
Senior Member
I am sure that the development community is quite thankful for that program, but this goes well beyond that as hinted to above.
David A
Senior Member
Somehow it all gets blamed on the current mayor, who has inherited things like the Valley Line LRT mess and social problems which say far more about what the province is doing, or maybe more accurately not doing.
If you look at Calgary news, many of the same issues related to the "general state" of downtown come up. So maybe a big part of the problem is at another level of government.
There is a part of the business community here that seems to never stop complaining about the city, and then they wonder why they don't have a good relationship with the city. Maybe having a good relationship is a two way street and more effort needs to be made on their side too.
If you look at Calgary news, many of the same issues related to the "general state" of downtown come up. So maybe a big part of the problem is at another level of government.
There is a part of the business community here that seems to never stop complaining about the city, and then they wonder why they don't have a good relationship with the city. Maybe having a good relationship is a two way street and more effort needs to be made on their side too.