crisp
Active Member
Wonder what went so wrong. This product was the perfect fit for that corner.
The Jameson | 53.95m | 17s | Open Sky | Acton Ostry
- Thread starter Avenuer
- Start date
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
Active 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!
MacLac
Senior Member
Are we sure? It’s got a new sign and everything
northlands
Senior Member
I SNAP! LOSE IT! I headfake him with two GC changes before opening his sky and leaving a big hole in him.
Ever since I’ve been the champ at the CBH…
JMatt88
Active Member
When I walked by at lunch, I noticed a surveyor was on site (at least that is what it looked like to me). Not sure what that means, if anything.
Glenco
Senior Member
Could be doing a surveyors certificate for possible sale. Just a wild guess.
Skyking
New Member
Nah, I haven't heard of any potential sale.... I doubt the developer would give up like that....
I suspect that the Surveyor was onsite to monitor the wall due to hold status requirements.
That or perhaps the developer is closer to securing pricing from the next GC who wants to document the site prior to starting... The second assumption is also valid as new subtrade price requests recently flooded the market.
One question I was wondering about, would the developer still receive the 2021 tax incentive as they qualified for the program at the time the hole was dug?
I suspect that the Surveyor was onsite to monitor the wall due to hold status requirements.
That or perhaps the developer is closer to securing pricing from the next GC who wants to document the site prior to starting... The second assumption is also valid as new subtrade price requests recently flooded the market.
One question I was wondering about, would the developer still receive the 2021 tax incentive as they qualified for the program at the time the hole was dug?