Edmonton Real Estate Market

[Daveography]

@archited Can't wait to hear more. Now if you'll excuse me I have to find all permutations of two three letter acronyms...

 

[Daveography]

With EA Bioware moving to EPCOR soon, that will be nearly 50,000 square feet of positive absorption downtown, on top of a number of startups moving into their own spaces. Those combined with no new further office space coming onto market, I fully expect Q2 to be net positive with a significant reduction in the downtown vacancy rate.

 

[archited]

My work won't affect Q2 or absorption for any other Quarter or Year except as spin-off support. My group will create their own demand and fulfillment (kinda like Amazon would have) but I think it will have as positive an impact on Edmonton as other head office organisms have in the past -- Oxford, Triple 5, PCL, Stantec as examples.

 

[Platinum107]

@archited So you really do have some big plans in the works of Edmonton... Can't wait to hear more!

Are you working with many other organizations to pull this off? (you don't have to say which ones if you can't right now)

 

[archited]

I can say this much -- I am personally deeply involved.

 

[bodsbods9090]

I hope we can hear more this year @archited. I've been dying to ask you again where everything with you stands but I think you just answered it for me,

 

[KyleBlanchett]

Now that major hotel tower being paired with a condo complex is interesting I wonder if that is for the Alldritt tower?

 

[archited]

Now that major hotel tower being paired with a condo complex is interesting I wonder if that is for the Alldritt tower?

Nope.

 

[KyleBlanchett]

Well there goes my theory ahah.

 

[KyleBlanchett]

Peter's Drive-in to start construction in the next couple of months.

 

[KyleBlanchett]

I don't know if this is still going ahead but I had a lead in December about Rain Forest Cafe will be moving into West Edmonton Mall sometime in 2019-2020. Now I haven't heard anything else since then and I hope that it will still happen.
Thoughts on this?

 

[bodsbods9090]

I don't know if this is still going ahead but I had a lead in December about Rain Forest Cafe will be moving into West Edmonton Mall sometime in 2019-2020. Now I haven't heard anything else since then and I hope that it will still happen.
Thoughts on this?

I went to the one in Vegas with my wife last year and the concept to me is really cool. But if you are there for more than an hour, the show gets kind of annoying after a few times it comes on.
The food wasn't bad but I don't think they're known for their menu too.

I would go if it came here but it wouldn't be a frequent place I'd visit.

 

[archited]

The one in L.A. went out of business... twice!

 

[KyleBlanchett]

Costco is planning a smaller "business center" location in the west end with office type supplies etc. Aimed to put pressure on Staples.

 

[KyleBlanchett]

Seafood City Marketplace , currently in South America and USA is opening its second location in Canada on 17540 100 ave.