Member Bio
- Joined
- Sep 22, 2015
- Messages
- 10,192
- Reaction score
- 22,889
- Location
- Edmonton, Alberta, Canada
Katz Group buys MacDonald Lofts, a low-rent apartment building with history of health violations
The Katz Group has purchased the MacDonald Lofts, a low-rent apartment building just northeast of the downtown arena in Edmonton with a history of health violations, including pest infestation and aging infrastructure.
“The property was being sold to someone else, to a third party, and we learned of it and we thought it would make sense, from our perspective, given our ownership position in the area, to also acquire that site if it were possible,” said Glen Scott, senior vice-president in charge of real estate for the Katz Group.
Scott said the deal isn’t expected to be finalized until at least next week, so plans for the site aren’t final.
The 102-year-old building next to Boyle Street Community Services was named a historic site by the city in 2003. It has been home to, among others, people hard to house because of addictions and mental health issues.
Full Story (Edmonton Journal)