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Riley's 108 Street Redevelopment | 20.2m | 6s | J+S Architect
- Thread starter Avenuer
- Start date
thommyjo
Senior Member
Good to see. 10 of these is still a win, even if not the high rises we would love to see. The more of these we get imo, the more possible it is to have 30+ story towers because downtown will be more vibrant, safe, and enjoyable.
Would love to see townhomes or units that open up to the street like CX has or so much of Vancouver’s yaletown. Those plus good trees/boulevards are game changers.
Would love to see townhomes or units that open up to the street like CX has or so much of Vancouver’s yaletown. Those plus good trees/boulevards are game changers.
SMayo
Active Member
This is the kind of development we need in the area! even after this is built there will still be dozens of sites left to put towers. It would be great to see shovels in the ground for this and a few others this spring!
IanO
Senior Member
^^those are urbanist wet dreams, but come with a 1.x price tag and simply not particularly viable for Edmonton at this time if for sale and a very limited rental market, but do hope that Edmonton sees more in certain areas.
MacLab's near the uni might work given wealthy foreign students and docs and a few on quieter streets may work for execs, but the reality is that these are going to be few and far between.
MacLab's near the uni might work given wealthy foreign students and docs and a few on quieter streets may work for execs, but the reality is that these are going to be few and far between.
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Gus Haynes
Active Member
Capital Apartments tried to have a building full of street-level CRUs just a block and a half south of here, and other than a few intermittent pop-ups, didn't have any success in filling them with tenants. Now, they're in the middle of being converted into residential units. So, to echo many of the above posters, maybe we don't really need more CRUs here.No retail on capital Blvd?
How many units?
Gronk!
Senior Member
There is The Parlour and a Denny's just a couple of blocks north of this location.
Platinum107
Senior Member
Oh my God I love this, please just fill up all of the empty lots in downtown with cool 5-6 storey buildings with ground-level retail (ik this one doesn't have it but still)
BASE
Active Member
Love the idea of buildings like this
Avenuer
Senior Member
Hard to say right now as Riley's sold to someone recently and the title appears to not have transferred yet, so I can't see who the new owner is.
supaflyryguy
New Member
CRUs should be spread out and not concentrated. The empty ones are in places where they aren't needed.
ChazYEG
Senior Member
Objectively not true.
The highest year-over-year increase in residential lease rates out of all major Canadian cities was Edmonton (27% in Feb-24 over Feb-23), and expected to increase even further by the peak of leasing late in the summer.
What we have is very limited quality rental stock, and a lot of people are not being able to rent properties because we have a lot of apartments that lack stuff most consider essential, like dishwashers, in suite laundry, etc, but they're trying to price gauge and drive it closer to newer builds.
davcocom
New Member
Just curious, these "Signs" don't mean CRUs?
northlands
Senior Member
^ thank god someone here has good eyes!
ChazYEG
Senior Member
I think so.
IanO
Senior Member
For urban townhouse type of units given their cost to buy or rent versus other options is what I was referring to.
But yes, the overall market is improving and supply dwindling.