Manulife Place Renovations | 145.99m | 36s | AIMCo | MdeAS

[kcantor]

it's not just private cars that need some consideration (and i would agree we need to revisit our priorities when it comes to transportation modes), it's taxis and uber and emergency service vehicles - fire and ambulance and police - and trades and deliveries that can't do what we need them to do without a functioning road network.

at the moment for example, i would hate to be a resident of the goodrich block or - hopefully one day soon - attending an event at the citadel waiting for an emt while the ambulance driver figures out that they can't actually get to where i am from where they are...

 

[David A]

I don't think the city transportation department looks at it from the point of view of people using the roads, although having taken buses and being a pedestrian, I will say I don't think they serve transit riders and pedestrians better either.

I assume not much or enough thought it put into how things will be disrupted and the cumulative impact of multiple closures. For instance the area around Jasper Ave and 97 St is a major obstacle right now. Of course 102 Ave is also closed too and 103 Ave in front of city hall has been closed for a long time. It can lead to some very long, confusing and not well marked detours to get to certain places in that area. I am glad I don't have to go there often and sadly for the businesses in the area, I generally try to avoid it.

 

[Gronk!]

Is this renovation still on hold? If so, when will this get going again?

 

[Gronk!]

I heard through the grapevine that Manulife Place is up for sale.

 

[IanO]

A couple people are reporting that. Curious if someone can confirm or deny.

 

[Gronk!]

That would explain why the renovations have been on hold for Lord-knows how long.

 

[Avenuer]

I heard through the grapevine that Manulife Place is up for sale.

Albari Holdings Ltd. are the current owners who purchased it in 2013 for $180,000,000.

 

[EdmTrekker]

Albari Holdings Ltd. are the current owners who purchased it in 2013 for $180,000,000.

I wonder of they still own the (new) Edmonton Tower at $400,000,000.00 as per: Edmonton, ABhttps://cw-gbl-gws-prod.azureedge.net › marketbeat-pdfs

 

[IanO]

Albari Holdings Ltd. are the current owners who purchased it in 2013 for $180,000,000.

There are two partners within that, correct?

 

[Avenuer]

There are two partners within that, correct?

Unsure, I can just see what is on the title.

 

[EdmTrekker]

Unsure, I can just see what is on the title.

There was an amalgamation in 2018.

 

[Gronk!]

I walked through Manulife Place yesterday and kept on walking. No seating to be found, but lots of hoarding to look at.

 

[Avenuer]

I walked through Manulife Place yesterday and kept on walking. No seating to be found, but lots of hoarding to look at.

Where was the hoarding?

 

[Gronk!]

Well OK not hoarding but walls. They are covering what used to be Holt Renfrew and Royal Bank.

 

[IanO]

Interesting happenings behind the scenes with this property. Unable to share more at this time, but some new developments which will guide its future.