Moderne
Active Member
Absolutely incredible. This can't get built fast enough.
Mackenzie Tower | 111.86m | 34s | Urban Capital | LEMAYMICHAUD
- Thread starter Daveography
- Start date
bodsbods9090
Active Member
So Alt+ hotel is going in. Very nice! Glad to see they finally made it to Edmonton.
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Spotted downtown
Really curious what $300k gets you in this market.
Really curious what $300k gets you in this market.
archited
Senior Member
...an eight by twelve four-bit room (from "King of the Road")
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Replacing the awnings with more ads for the tower.
KyleBlanchett
Active Member
That is very unsafe work practice. @Daveography did you catch the name of the company doing this work?
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@KyleBlanchett Can't recall.
KyleBlanchett
Active Member
I have heard that the Mackenzie Tower has been ether canceled or put on hold due to not enough interest in the condo portion of the building. I'll let everyone know when I have more information on this project.
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Wow if true. I thought there would be a lot of interest for this.
Seems like a rash decision given the amount of time they have been on sale. Perhaps they spent all their money on marketing.
Seems like a rash decision given the amount of time they have been on sale. Perhaps they spent all their money on marketing.
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bodsbods9090
Active Member
Being confirmed on another board too.
Also stated that other groups are already looking at the site to redevelop.
Stay tuned!
Also stated that other groups are already looking at the site to redevelop.
Stay tuned!
KyleBlanchett
Active Member
Condo sales for the MacKenzie Tower did not go well, and my understanding is that Groupe Germain is exercising their option to walk away. Westrich Pacific may be sniffing around the site.
I'm guessing they were hoping for more pre-sales? What would be a 'good' benchmark for initial sales? I imagine they had internal targets and failed to meet them. I'd be curious to know what they were. Sign that the market is saturated? Wonder how Falcon is doing.
Him
Active Member
That's a shame. I was hoping to see this get built. One of the better proposals in my opinion. Hopefully they just put a hold on until sales pick up.
KyleBlanchett
Active Member
I had a feeling this was bound to happen to some of the residential towers being proposed.
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bodsbods9090
Active Member
^Some may change over to rentals instead of condos. The demand is there for newer rentals, as has been stated on numerous occasions on this board.