The Parks | 146.91m | 45s | 35s | 13s | Pangman | Hariri Pontarini

What do you think of this project?

  • I like it a lot

    Votes: 68 81.0%

  • I like it

    Votes: 13 15.5%

  • I neither like nor dislike it

    Votes: 3 3.6%

  • I dislike it

    Votes: 0 0.0%

  • I dislike it a lot

    Votes: 0 0.0%
  • Total voters
    84
BIGE said:
When do you think this will start? They probably will focus on Edmonton motors first.
How much of the Augustana has been rented/leased? Id assume that will probably also impact this project.
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Augustana is top of market and will take some time, but it has more and more lights on each week.

*My 'office' window faces it.
 
BIGE said:
When do you think this will start? They probably will focus on Edmonton motors first.
How much of the Augustana has been rented/leased? Id assume that will probably also impact this project.
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Augustana will likely have no or very, very little impact given that we're at least 3 years from occupancy of the first phase. That's a loooong time.
 
BIGE said:
When do you think this will start? They probably will focus on Edmonton motors first.
How much of the Augustana has been rented/leased? Id assume that will probably also impact this project.
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Going through Pangman's website, it's actually the opposite. This building (now named Park View) is expected to have the first phase completed by fall 2022, and that update is recent (wasn't there last week).
My guess is that this project is better finished and has less stuff to be worked in terms of massing, design, etc, and they'll make use of that tax relief that was just announced.
Now, one sure thing is that the first thing to be built will be the podium, as it's the base for both towers. We just need to know if they'll go for the 45 stories rental or the 35 stories condos, first.
 
IanO said:
There is literally no condo market... or very little, so rental it shall be.

Mind you and as Chris mentioned, you are looking out 2-3 years and so do you bet on being the only new product in town or get into the battle with multiple other rental projects?
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This could be the downside when all this product comes on the market at once. Who would want to risk more than project and will it delay any other development for years to come?
 
No downside -- the economy needs fuel especially in the COVID world. The City (for once) has the right idea in creating a tax credit for development -- development leads to jobs (hopefully a lot of them) boosting economic activity -- each job has an economic multiplier of 2.5 which means more jobs. More jobs puts a demand on immigration (from other Provinces and from outside the Country) -- an influx of people causes even more jobs -- and so the wheel turns. The Province is the stumbling block in this case. By defunding education (primary and post-secondary, the fools have caused/propelled an economic slump (especially in a City that has so many quality schools at the senior level) at just the time when the opposite should have occurred. Construction is one industry that -- with key precautions -- could progress through the COVID crisis -- kudos to the City for getting that; boo on the Province for not. IMHO the City gets it right about 30% of the time (a failing grade); the Province gets it right about 10% of the time (a worse failing grade)
 
Glenco said:
This could be the downside when all this product comes on the market at once. Who would want to risk more than project and will it delay any other development for years to come?
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What product would it be competing with at that time downtown if they start within the next 2-3 months? They would be the only project in the ground downtown. As for downtown product CNIB, The View are at least year ahead of this if not more than a year.
 
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