ICE District Phase 2 | 149.95m | ?s | ICE District Prop.

[IanO]

I would not expect much on Phase 2 for some time as originally envisioned.

 

[MetroEd]

Bit late but never mind Phase 2, even Phase 1 is stalled for now?

ICE District tower shelved, CWB to move to Manulife Place

CWB Financial Group (CWB-T) will move its headquarters to the soon-to-be renovated 36-storey Manulife Place in downtown Edmonton, in the wake of a decision by ICE District Properties to delay construction of a planned 16-storey office tower.

renx.ca

16 stories in Ice District is a joke !!

 

[David A]

I feel, if a residential building is built instead it will probably be more than 16 stories, so in the end this not going ahead might actually be a better outcome.

 

[IanO]

Edmonton does not need new office towers, it needs 10 residential projects.

 

[archited]

... and the expansion of 2 (nay 3) downtown university campuses and additional hospitality/entertainment venues.

 

[Edmcowboy11]

I too would rather see a residential tower in phase 1 and 2.

 

[Munanyo]

Unless the UCP would actually provide subsidies and $$$ to Katz for Ice District Phase 2 (which is incredibly unlikely) then I also don't see Phase 2 proceeding for a good while, even with healthy population growth and a stable economy.

My bet is they will shift focus to building a residential tower on where the CWB HQ was supposed to be, while trying to continue to fill out empty CRU's in Stantec, then see where things stand in a few years.

 

[IanO]

Given construction prices and current interest rates, I really wonder how many larger scale projects this market will see given the potential rental rates and ROI.

 

[CaptainBL]

Given construction prices and current interest rates, I really wonder how many larger scale projects this market will see given the potential rental rates and ROI.

Hey, but at least we are one of the most affordable places to live, right????

 

[David A]

I suspect the focus will be on completing filling the existing space first and then building another tower on the west side.

Land is also a part of development cost, so to the extent it is more affordable here or already owned that is an advantage.

 

[TAS]

The Katz Group wants to keep using two longstanding vacant plots of land north of Rogers Place as surface gravel parking lots for up to five more years, requesting an extension from the city for the second time.

Katz Group wants to use controversial Downtown gravel parking lots until 2028

Parking isn't allowed there right now — the last extension expired at the end of December.

www.google.com

 

[Munanyo]

That pretty much confirms "Village at Ice District" will see no movement for another few years. Sigh.

 

[northlands]

The Katz Group wants to keep using two longstanding vacant plots of land north of Rogers Place as surface gravel parking lots for up to five more years, requesting an extension from the city for the second time.

Katz Group wants to use controversial Downtown gravel parking lots until 2028

Parking isn't allowed there right now — the last extension expired at the end of December.

www.google.com

The petty side of me wants the City to deny the application and fine them for continuing to operate without a permit, just out of spite for the Boyle Street lawsuit fiasco.

 

[thommyjo]

LAND VALUE TAX

 

[David A]

The petty side of me wants the City to deny the application and fine them for continuing to operate without a permit, just out of spite for the Boyle Street lawsuit fiasco.

Its not a great area, so I am ok with the city approving the application, but I would like a shorter term than 5 years and a hefty fee tied to approval.

$5 million comes to mind for some reason, but maybe that is a bit too much.