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

[ChazYEG]

^ or someone with an extremely negative outlook.

Rich, coming from a fantasy merchant...

 

[Gus Haynes]

It's dead, Jim.

 

[supaflyryguy]

^ or someone with an extremely negative outlook.

It's just being realistic. Alldritt has never, not once, ever moved on any project of this type, and they have a decades-long reputation for talking out their ass. They've never in their existence earned any goodwill that could be leveraged into some kind of optimism.

Calling a spade a spade isn't being negative, just as being drunk on hopium isn't optimism.

 

[IanO]

^bingo.

 

[fromyeg]

Timestamp: 1:04:50

“Personally I spoke to the Aldritt guys like a month ago, not totally dead, but it’s not going to be 80 storeys, not even close.”

To me that sounds like it’s dead. Would be very happy to be proved wrong.

 

[MacLac]

It does?! Sounds like it's not going to be "close to 80 stories." Isn't that what he says?

 

[Edmcowboy11]

I'm pretty sure that a 40 storey even 20 to 25 storey would work. 80is cool and all but sounds excessively expensive.

 

[David A]

I'm pretty sure that a 40 storey even 20 to 25 storey would work. 80is cool and all but sounds excessively expensive.

Yes, I would rather see something nice and decent in that size range actually go ahead than a pipe dream that doesn't seem to be happening.

 

[Gus Haynes]

 

[TysonR]

I'm pretty sure that a 40 storey even 20 to 25 storey would work. 80is cool and all but sounds excessively expensive.

Agreed. It doesn't even make sense financially to build something that tall on that footprint at that location. 25-40 would be better for the people investing money to build it.

 

[Agard]

Although maybe the new tower project in Calgary will make Alldritt consider bringing the title of tallest building in Alberta back to Edmonton again

 

[NicolBolas]

Although maybe the new tower project in Calgary will make Alldritt consider bringing the title of tallest building in Alberta back to Edmonton again

I think I will be in the grave before that happens.

 

[bodsbods9090]

Although maybe the new tower project in Calgary will make Alldritt consider bringing the title of tallest building in Alberta back to Edmonton again

Aldritt doesn't move on their projects in a speedy manner so like @NicolBolas I'll probably be in the grave too before anything happens here.

 

[Gronk!]

I'm giving it another 3 years or so. I believe that's when the sunset clause kicks in. I'm hoping a more competent developer takes over.

 

[whattheheck]

'I'm hoping a more competent developer takes over.'

I believe that's an unfair assessment. Ultimately, this is a market demand and return on investment issue. There is (obviously) no pent up demand for people wanting to live at the particular location, despite the growth of the city's population etc.

Maybe you should be asking why no one wants to live there and push to see changes to those variables, which are the reasons for the lack of that private sector investment to flow in.

How long has it been since a residential building over SIX stories has started construction in central Edmonton?