Not a lot of info on it so far, but it's slated for this location across from the CBE building. I looked at the DP some time ago, and IIRC, it's 25 storeys. Pretty average looking tower, very similar to the Myraid proposal.
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Urban Development and Proposals Discussion
- Thread starter Surrealplaces
- Start date
JonnyCanuck
Senior Member
Thanks. That location makes sense. Single story retail looks out of place for that block. Apparently a building permit application was filed in November for this project.
That would be a great place for a tower that size. I recall there was also retail at grade, so they don't lose any retail out of it.
Silence&Motion
Senior Member
There's actually two lots in between this development and COCO. One of those lots was already demolished and is being used as a staging area for the construction of COCO. The other lot still has a house on it.
gsunnyg
Senior Member
Fingers crossed we’ll hopefully have Telus sky lit up for next New Years
JoeUrban
Active Member
Looks like this plan has been rejected
The Calgary-based Strategic Group's bid to put more than 50 properties under creditor protection has been rejected — meaning those properties, with mortgages totalling nearly $651 million, will now be placed in receivership.
A decision filed on Dec. 20 by Court of Queen's Bench Justice Karen Horner appointed Alvarez & Marshal Canada Inc. as receiver, denying Strategic Group the opportunity to control those properties while it adjusted course.
Under protection secured in early December under the Companies' Creditors Arrangement Act (CCAA), Strategic Group would have been allowed to remain in possession and control their assets.
Chinook Arch
Active Member
That's too bad about Strategic. Whatever people's opinion was of the founder, they were a company that did some good things.
Rollerstud98
Active Member
Didn’t realize he was the one shot in his car a few years ago.
darwink
Senior Member
^ Strategic as we know it will be no longer but that doesn’t mean Strategic won’t continue with their assets that are not part of this. Just the central administrators that were to continue with the protected portfolio will be no longer.
That's the guy. I don't know what it was about, but seems he had some enemies, which sometimes happens when you're in charge of their money.
But like Chinook Arch said, Strategic has done good things for us non-investors. Developing that pit in Mission was maybe the biggest. It really helped turn around 4th street.
UrbanWarrior
Senior Member
Is that 20/20? It's like 100 feet from my apartment. Very glad it's there.
Alex_YYC
Senior Member
That's the one. I lived next to it for a few years when it was a construction eye-sore. It's great to see it finished and with thriving businesses.
JonnyCanuck
Senior Member
Strategic One will get finished however I have my doubts about Barron Building. Something tells me that they did not have all their financing in place for this. I may be wrong in this thinking.
Social Justice
Active Member
Every time I walk on that sidewalk I'm so happy it's there. It feels like it was under construction for about 10 years.