Page 4 of 4 FirstFirst 1234
Results 301 to 311 of 311

Thread: Downtown Office Tower Vacancies

  1. #301
    C2E Long Term Contributor
    Join Date
    Mar 2006
    Location
    Downtown
    Posts
    31,825

    Default

    The same Allards who was the lone holdout against the Warehouse Park in favor of their Impark parking lot?
    “You have to dream big. If we want to be a little city, we dream small. If we want to be a big city, we dream big, and this is a big idea.” - Mayor Stephen Mandel, 02/22/2012

  2. #302
    C2E Continued Contributor
    Join Date
    Jul 2015
    Location
    Downtown Edmonton
    Posts
    1,691

    Default

    Let’s expropriate it and build a park.

  3. #303
    C2E SME
    Join Date
    Mar 2006
    Location
    Edmonton, Alberta
    Posts
    11,183

    Default

    Ahhh ok, that explains a lot. While so many properties are being developed and even dangled out there to just see if there is interest in the land, this property has been quiet. It's so sad that while we have a number of people wanting to move forward with the downtown core, that we also have a few holdouts that have been and perhaps will always be holdouts to remaining the status quo.
    LRT is our future, time to push forward.

  4. #304
    I'd rather C2E than work!
    Join Date
    Feb 2006
    Location
    Edmonton, AB
    Posts
    7,679

    Default

    Well, I am sure that parking lot is very profitable. So whats the motivation to do anything. I can understand why they probably aren't in any rush to sell it.

  5. #305
    C2E Long Term Contributor
    Join Date
    Mar 2006
    Location
    Downtown
    Posts
    31,825

    Default

    There's greater profitability to be had, especially if a multiple underground parkade replaces a surface lot. But I say let's wait a few years until the rest of all this downtown construction takes a breather.
    “You have to dream big. If we want to be a little city, we dream small. If we want to be a big city, we dream big, and this is a big idea.” - Mayor Stephen Mandel, 02/22/2012

  6. #306
    C2E SME
    Join Date
    Mar 2006
    Location
    Edmonton, Alberta
    Posts
    11,183

    Default

    It's too bad though that we have to wait a few years. Meanwhile on a positive note other properties do get developed and other parts of the downtown are getting some love.
    LRT is our future, time to push forward.

  7. #307
    C2E SME
    Join Date
    Dec 2009
    Location
    Downtown Edmonton
    Posts
    11,031

    Default

    Quote Originally Posted by Sonic Death Monkey View Post
    There's greater profitability to be had, especially if a multiple underground parkade replaces a surface lot. But I say let's wait a few years until the rest of all this downtown construction takes a breather.
    An existing parking lot is guaranteed profit. A project that will take 5-10 years and 100+ million to develop and lease up, not so much.

  8. #308
    C2E Long Term Contributor
    Join Date
    Feb 2006
    Location
    Downtown Edmonton
    Posts
    47,824

    Default

    Colliers’ fourth-quarter 2018 office market report shows last year was the first year of positive office space absorption in Edmonton in the past four years. The majority of that absorption, 333,094 square feet, occurred downtown.
    www.decl.org

    Ottawa-Edmonton-Vancouver-Edmonton

  9. #309
    I'd rather C2E than work!
    Join Date
    Feb 2006
    Location
    Edmonton, AB
    Posts
    7,679

    Default

    Quote Originally Posted by Marcel Petrin View Post
    Quote Originally Posted by Sonic Death Monkey View Post
    There's greater profitability to be had, especially if a multiple underground parkade replaces a surface lot. But I say let's wait a few years until the rest of all this downtown construction takes a breather.
    An existing parking lot is guaranteed profit. A project that will take 5-10 years and 100+ million to develop and lease up, not so much.
    Exactly my point. Some people here don't fully acknowledge the risk associated with developing a site.

  10. #310
    C2E Long Term Contributor
    Join Date
    Mar 2006
    Location
    Downtown
    Posts
    31,825

    Default

    I would rather encourage more development instead of defending the existence of an Allard/Impark parking lot
    “You have to dream big. If we want to be a little city, we dream small. If we want to be a big city, we dream big, and this is a big idea.” - Mayor Stephen Mandel, 02/22/2012

  11. #311

    Default

    Quote Originally Posted by Sonic Death Monkey View Post
    I would rather encourage more development instead of defending the existence of an Allard/Impark parking lot
    Encourage the same people that spawn the pigeon concentration camp at the former CN extended podium that was once abut to Epcor? That was how encouraged they were lol. Their overhead cost is next to nothing but they make incrediblet income, so why would they change that formula at present ? If our core was a hyper heated market, I would see this argument.
    " The strength of a man is in the stride he walks."

Page 4 of 4 FirstFirst 1234

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •