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

[bodsbods9090]

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Is this foreshadowing or a random picture?

 

[thommyjo]

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Honestly blows my mind this hasnt been built yet. Like I know the market isn’t amazing. But surely a 30-40 story rental building would do great here.

 

[yeggator]

Honestly blows my mind this hasnt been built yet. Like I know the market isn’t amazing. But surely a 30-40 story rental building would do great here.

I think we just needed to wait for interest rates to come down, cause demand is picking up.

 

[cmd uw]

Demand has been steady but has slowed. This is not to say that it's dropped off a cliff or has shifted in favour of the renter, but it has 'softened'. Reality is we are experiencing high growth and this is expected to continue even as the Fed tighten the immigration spigots. Edmonton will continue to benefit from the flight to affordability. I suspect that we might see this tower position itself to start in 2025.

 

[David A]

Demand has been steady but has slowed. This is not to say that it's dropped off a cliff or has shifted in favour of the renter, but it has 'softened'. Reality is we are experiencing high growth and this is expected to continue even as the Fed tighten the immigration spigots. Edmonton will continue to benefit from the flight to affordability. I suspect that we might see this tower position itself to start in 2025.

I wouldn't be surprised because we have several projects downtown being completed now and earlier in 2024. So after they start to fill up and if demand continues to grow, something started in 2025 should be completed at a good time.