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

From: https://www.edmonton.ca/residential_neighbourhoods/neighbourhoods/ice-phase-2-rezoning.aspx

The proposed rezoning would allow for the development of a high-density, mixed-use area with residential units, retail, and commercial space.

The application includes an amendment to the Central McDougall/Queen Mary Park Area Redevelopment Plan (ARP), to accommodate the rezoning. The ARP currently designates the area for high-rise development.

The current zoning is indeed DC1 but requires amendments that require rezoning.
 
I don't believe it will significantly impact the heights of proposed buildings. That said, the rendered proposal that was made some time ago was not much more than a placeholder, similar to the concept proposal for Bonnie Doon. I wouldn't expect the build-out to be done all at once in the near term; it should be developed more or less one (or two) buildings at a time over a decade or two.
 

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