The Quarters Hotel and Residences | 280.1m | 80s | Alldritt Land | KENNEDY

What do you think of this project?

  • Total voters
    61
Edmcowboy11 said:
I don't have any snake oil, but I plan on retiring at my ocean front property just outside of New Sarepta. I bought it from the sales agents of the Edmontonian. He had great pictures of my place.
Click to expand...
what were you doing in those pictures of your place that made New Sarepta’s beaches seem so attractive a place to retire? :)
 
IanO said:
Hearing that this one is not going anywhere anytime soon from a couple of folks.
Click to expand...
"It was speculation, I know...
That made me stub my big toe"
"A couple of folks" that shall remain nameless -- standard practice from the guy who will use any amount of diversion to allow the lips to move and the tongue to wag, signifying nothing.
 
I thought Alldritt was closing on the purchasing of this property by the end of this month? I'm so confused. :(
 
Sure they do... 🤔 I only "harp" because of the Trumpism that you constantly employ. Trump says "Other people say... or "I have heard people say... 'O says " Hearing that... from a couple of folks."
 
archited said:
Sure they do... 🤔 I only "harp" because of the Trumpism that you constantly employ. Trump says "Other people say... or "I have heard people say... 'O says " Hearing that... from a couple of folks."
Click to expand...
Respectfully @archited, where are you getting your information and confidence in information from? I don't recall a post in which you have mentioned your sources or why you are so sure to bet your reputation on this. I am not challenging you, but many of us that don't have inside industry information come here to read about what is going on in the Edmonton development community and ironically while you are giving it to Ian about his sources, I haven't seen you disclose yours.

You both seem to have polar opposite information about what is going on with this project and neither of you are disclosing so what makes you so sure that your information and sources are accurate and that something is going to happen?
 
As weird as it might sound, I'll back @IanO information here. While for professional and legal reasons I cannot disclose sources, funding for this kind of project is scarce and financing it will be a challenge.

Not to say that there's not a lot of money out there begging to be deployed, especially in the "quasi-post-covid" world, but the lenders and venture capitalists are preferring clean energy and tech, high-end hospitality (resorts, etc...) and infrastructure (transportation, mostly). Other than that, there's some appetite for rental units, at least in the 5 largest cities in Western Canada (Calgary, Edmonton, Vancouver, Victoria and Kelowna), with a shorter turnaround time (18 to 30 months to occupancy).

I wouldn't say this project is dead on its tracks, but I'd bet on a few extra months (12 to 24) being added to their timeline.
 
You must log in or register to post here.

Back
Top