Highrise construction on abandoned downtown site to begin in January
It will take about 18 months to complete the building, with a target of mid-2019 for the opening. (Min Dhariwal/CBC)
A 24-storey apartment building will begin to rise out of the gaping hole in the ground at the corner of 95th Street and Jasper Avenue in downtown Edmonton in January.
"I think that hole has sat open with a lot of questions and we're excited to bring it out of the ground," said Sarah Itani, business development manager with Cidex.
This is the first project in Edmonton for the Calgary-based company, which developed Giroux Estates in St. Albert and several developments in Calgary and its surrounding communities.
Cidex develops residential and mixed-use buildings, including highrise apartments.
The building planned for Edmonton will contain 199 rental units, including studios, one-, two- and three-bedroom apartments, Itani said Wednesday.
There will be the potential for retail on the ground level, with parking underground, she added.
Construction will begin in January, with "activity on site" becoming obvious the first week after the holidays, she said.
It will take about 18 months to complete the building, with a target of mid-2019 for the opening.