The Mercury Block | 21.7m | 6s

strata said:
Yup, fair enough.

And the previous posts could also be correct that the initial pricing was above market, and this is just an adjacent that should just take it where it should be (assuming it still works with their proforma).

I think this is why you are seeing for calls from the private sector to see municipal investments to spur residential development downtown (like we have seen in Calgary with their investment to subsidize office conversions). If the way to attract the market downtown is through more favorable lease rates, and the construction costs are the way they are, there needs to be some way to fill the delta so these projects are financeable.
Click to expand...
Oh there are always industries looking for a handout and given the close relationship between municipal politicians and this group that tends to be major donors, this is not surprising.

I am all for more housing downtown and I am ok with subsidizing particularly so lower income people can afford it, but I would prefer new builds rather than old office space that needs a lot changes and still may not work well.

Edmonton isn't a city that has overbuilt office space like some other places, our problem is more over the last several decades the city has not made enough effort to attract companies downtown to fill these spaces.
 
IMG_1159.JPG
 
Filip.Nowak said:
Only 3 spaces left 🥳 Would be awesome if The Mercury Block retail space was fully leased by the time The Cobalt finishes up. I think it’s definitely possible at this rate!
View attachment 625499
Click to expand...
Sweet to land a large company like that. Very stable.

But hopefully there’s a restaurant that’s open late of sorts in the remaining few spots to activate the courtyard area and seating.

The peace and quiet inside there is super cool. A nice patio spilling into the middle with some music would be a viiiibe
 
Really cool to see almost a "home design" hub starting up here with Post & Brood, Devine, & Stephenson House across the street in MacLaren.

Wonder what type of business would work in that C200 space? Courtyard compliments food service, but 900sqft and very little foot/car traffic would be a big obstacle, no?
 
strata said:
Really cool to see almost a "home design" hub starting up here with Post & Brood, Devine, & Stephenson House across the street in MacLaren.

Wonder what type of business would work in that C200 space? Courtyard compliments food service, but 900sqft and very little foot/car traffic would be a big obstacle, no?
Click to expand...

How about a barber shop or a shoe shine store?

C700/C800 would attract a restaurant with a patio. Personally I'd like to see Frida relocate here from Stony Plain Road where the LRT construction is ongoing.
 
I think that a so-called "alternative" restaurant could do well here -- one that relies heavily on local walk-in traffic and one with a strong delivery function as part of their business plan (perhaps delivery by a vehicle like a Segway that serves a 5- or 6-block radius). By "alternative" I mean some kind of exotic street-food. I know from the years when I was involved in design projects throughout the then-called Oliver district that the population was diverse, formed from a broad cross-section of U of A university students to young professionals and business start-up entrepreneurs. The current density could support a well-thought-out alternative restaurant.
 
strata said:
Really cool to see almost a "home design" hub starting up here with Post & Brood, Devine, & Stephenson House across the street in MacLaren.

Wonder what type of business would work in that C200 space? Courtyard compliments food service, but 900sqft and very little foot/car traffic would be a big obstacle, no?
Click to expand...
Too bad Plum had to pull out of OEX2
 
You must log in or register to post here.

Back
Top