Stantec Tower | 250.84m | 66s | ICE District Prop.

What do you think of this project?

  • Total voters
    64
It's been a few weeks since I last passed thru Stantec Tower. I assume the food court still isn't happening?
 
Gronk! said:
It's been a few weeks since I last passed thru Stantec Tower. I assume the food court still isn't happening?
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Still not. I walked through there before the Oilers game last Wednesday and it was packed with people just hanging out at the tables and looking out to the plaza from the windows. I couldn't help but think what a completely missed opportunity it is to still not have anything in there.
 
scyeg said:
Still not. I walked through there before the Oilers game last Wednesday and it was packed with people just hanging out at the tables and looking out to the plaza from the windows. I couldn't help but think what a completely missed opportunity it is to still not have anything in there.
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So what is the plan for the space? It's just lying waste right now.
 
Anyone know if there's something going in north of Henry Singer? I was through last week and the the windows were all papered up and someone was working on one of the interior doors. Or has it been like that for a while?
 
It took me a few months but here is a first time tour of the relocated Henry Singer

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I wonder if that would warrant a new residential tower? I wouldn't mind a another hotel/condo/rental on a lower scale than legend...for the average price points: this would allow another taller tower to rise (180m+).
 
Clearshades said:
I wonder if that would warrant a new residential tower? I wouldn't mind a another hotel/condo/rental on a lower scale than legend...for the average price points: this would allow another taller tower to rise (180m+).
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Ice district is at the point where it will be able to absorb another tower in about 1 year from today. Legends has full rental occupancy, Stantec as mentioned above, is over 80%.

I don't know if condos will work, they might have to be PBRs. The amount of free marketing the Ice District has received during these playoffs could help drive pre sales. The Oilers run has absolutely helped Downtown's, and the Ice District's perception locally and nationally.
 
To follow up on my prior post, Stantec has a single 1 BR apartment remaining for long term lease. A couple 2/3 BR apartments remain between the Stantec and JW Marriot, but these are $2,600/mo +.
I can confidently say that both towers are effectively fully leased. Select units are available for purchase, but these are also extremely limited, and the purchase price skews to the higher end.

I don't know what this means for the DT rental apartment market beyond a potential shortage in higher end of rentals. Supply in this price/quality range isn't very elastic, and the only other tower in Downtown that will meet these higher standards could be The Parks. I do not think the current supply would be capable of meeting demand unless The Parks towers, Connect Centre Tower, The Shift, and the Westrich Park Tower (10123 106 Street) were all being fully built already.
 
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IMO Earls used to be an nice urban dining experience, but at least here it has become so suburban. For those that remember, years ago they did have a location in City Centre.

At this point, I would prefer to see something better in this space and maybe Earls is afraid to or can't compete with BP.
 
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