David A
Senior Member
Hopefully bigger and better.
The Jameson | 53.95m | 17s | Open Sky | Acton Ostry
- Thread starter Avenuer
- Start date
Skyking
New Member
Public : "No progress onsite!!!!" 
Developer : "Quick, put up a Sign"
Public : "OMG So Excited!!! YAY!!"
Me : Hopefully they start this year
Developer : "Quick, put up a Sign"
Public : "OMG So Excited!!! YAY!!"
Me : Hopefully they start this year
Clearshades
Senior Member
Me: Wake me up when we pass the podium, so that we are guaranteed that site is not a pit. With positivity, I wish them all the best.
TAS
Senior Member
It is blocked no more. It has been removed. I think the city was giving them until Oct. 31 to get things in order or else clear the sidewalk for pedestrians.
Hopefully in the spring it will be a construction site again.
KyleBlanchett
Active Member
I am hearing from more people around the industry that this project will be canceled. The shoring permit will expire soon so the ownership group has to start building (Unlikely) or fill the hole back in fairly quickly.
Wow. Gotta feel bad for investors in this project.
crisp
Active Member
Wonder what went so wrong. This product was the perfect fit for that corner.
CaptainBL
Active Member
This is a City of Edmonton post from Jan 2022:
transforming.edmonton.ca
I am not at all saying there is a direct correlation between the city and this project going sideways, but very interesting seeing the city role Open Sky out as the star child of their easy-to-do-business-with-relationship-building, yet this is the project that failed to get off the ground. Again, not saying there is a correlation but also not a great look when you speak of the success of a relationship of a development that ends up failing.
Unfortunate for the area and the downtown vacant lot collection nonetheless.
Open for business: City of Edmonton’s Client Liaison Unit works with developers, builders and investors - Transforming Edmonton
To build a city, you need to build relationships. Building trust in human relationships is just as important as building with concrete, steel and glass. Working together is essential when it comes to developing complex and multi-million dollar projects such as high-rise towers or manufacturing...
transforming.edmonton.ca
I am not at all saying there is a direct correlation between the city and this project going sideways, but very interesting seeing the city role Open Sky out as the star child of their easy-to-do-business-with-relationship-building, yet this is the project that failed to get off the ground. Again, not saying there is a correlation but also not a great look when you speak of the success of a relationship of a development that ends up failing.
Unfortunate for the area and the downtown vacant lot collection nonetheless.
northlands
Senior Member
Yeah no kidding. This one looked like a home run. At least once the dust settles it should be an attractive site for another developer to snag and get rolling on.
KyleBlanchett
Active Member
Subcontractors prices have gone up quite a lot. I am guessing that the cost became to high to continue.
Was the last minute height increase something the developer thought was necessary to make the project pencil?
BASE
Active Member
Would be such a waste to have to fill that hole in.
Friendmonton
Active Member
This project should've been a slam dunk. If true, I'm guessing the developer burned too many bridges with GCs with the height increase. I walk by the site often and hope it's filled quickly.
JMatt88
New Member
That is too bad its getting cancelled. I walked by it this afternoon going to Culina 2 Go and saw a scaffolding ladder and assumed they were starting back up on construction.
Clearshades
Senior Member
So, this will be pit number 4 for downtown/central...
I'M READY TO SNAP!
I'M READY TO SNAP!