Broadway on 17th | 156m | 47s | Vesta | Zeidler

Yeah, sales are always a tougher go unless they are making a lot of out of province or out of country sales, like Truman did with the trio.

With 800 of the 1100 units being condo, it might be a while.
 
Surrealplaces said:
Yeah, sales are always a tougher go unless they are making a lot of out of province or out of country sales, like Truman did with the trio.

With 800 of the 1100 units being condo, it might be a while.
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Also the timing with the entire condo market not doing well, Some building that finished recently still have public sales ongoing and you can see how slow it is. With all the talk of interprovincial, international is still the majority of our migration and that’s slowed down a lot.
 
trtcttc said:
Also the timing with the entire condo market not doing well, Some building that finished recently still have public sales ongoing and you can see how slow it is. With all the talk of interprovincial, international is still the majority of our migration and that’s slowed down a lot.
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Yup. Toronto investors are freaking out, Calgary home buyers are flush with options and the downtown rental supply has a multi year pipeline of completions. It’s surprising to me that Beltline Block is going ahead right now.
 
Surrealplaces said:
Of all the proposals, this might be the one I want to see the most...even more than Stampede Station.
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100% agree. Stampede Station will be skyline-altering but this project would really push 17th towards the trajectory of being one of Canada's best streets.

As far as likelihood goes, I have heard from someone sort of in the know that Vesta spent big bucks to buy that site, is confident in the Alberta market/fed up of trying to develop in BC, and is basically positioning this as their flagship project. If I were a betting man, I actually think this has a better chance of happening than Cantiro's tower.
 
Rusteez42 said:
Yup. Toronto investors are freaking out, Calgary home buyers are flush with options and the downtown rental supply has a multi year pipeline of completions. It’s surprising to me that Beltline Block is going ahead right now.
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The Toronto investors freaking out will be the ones that thought this was a get rich quick scheme. There will be a glut of units for the short term with immigration down, but it’ll ramp up again in a couple of years.
That and there is still interprovincial growth, albeit not nearly as much. Also every year thousands of younger folks move out of parents place into their own place.
 
I asked around and it doesn’t sound like construction is starting on this quite yet. On the positive side, apparently there has been lots of interest on the condo units. The plan is to build the taller of the two condo towers and the rental tower at the same time.
If you guys crowd fund enough, you can get this built 😉
 
Albertasaurus said:
100% agree. Stampede Station will be skyline-altering but this project would really push 17th towards the trajectory of being one of Canada's best streets.

As far as likelihood goes, I have heard from someone sort of in the know that Vesta spent big bucks to buy that site, is confident in the Alberta market/fed up of trying to develop in BC, and is basically positioning this as their flagship project. If I were a betting man, I actually think this has a better chance of happening than Cantiro's tower.
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I like 17th Ave... but there are probably 10 streets in each of Montreal and Toronto that are equivalent or better in their entertainment, walkability etc...

I think the retail condo investment scheme has kind of had it's time, but that doesn't mean that homeowners aren't looking for places and this one actually will be the most sought after building in the city in my opinion, at least for those who kind of want the fast life. I too recently spoke with a big BC developer who said they are so tired of the BS there and really prefer to deal with Calgary/Alberta.
 
Rusteez42 said:
I like 17th Ave... but there are probably 10 streets in each of Montreal and Toronto that are equivalent or better in their entertainment, walkability etc...

I think the retail condo investment scheme has kind of had it's time, but that doesn't mean that homeowners aren't looking for places and this one actually will be the most sought after building in the city in my opinion, at least for those who kind of want the fast life. I too recently spoke with a big BC developer who said they are so tired of the BS there and really prefer to deal with Calgary/Alberta.
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I wouldn't say there are 10 streets in those cities that are better than 17th. Maybe 2 or 3, but piles of shorter streets that are more comparable to something like 10th street in Kensington. Not that it matters, but having spent a lot of time at various high streets across Canada, 17th is right up there these days, and improving rapidly.
I remember seeing St Catherine's Street, Rue St Denis, and Boulevard St Laurent for the first time in 1993, 17th ave was a long ways away from those streets, but over the years up to the last time I was in Montreal (2024), those streets haven't changed. St Catherine's actually seemed less busy than it used to be.
Of course, those streets are basically fully built out, so they aren't expected to improve. What I have noticed over the years with Montreal is the emergence of more smaller sections of trendy streets here and there. Anyhow, long story short, I think 17th has come into its own over the past few years and can hang with the best.
 
Albertasaurus said:
100% agree. Stampede Station will be skyline-altering but this project would really push 17th towards the trajectory of being one of Canada's best streets.

As far as likelihood goes, I have heard from someone sort of in the know that Vesta spent big bucks to buy that site, is confident in the Alberta market/fed up of trying to develop in BC, and is basically positioning this as their flagship project. If I were a betting man, I actually think this has a better chance of happening than Cantiro's tower.
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Vesta has this one and Aspen Village (15 buildings...) in Springbank, both massive projects. Maybe it's a BC thing but they've bet big on the Alberta market.

Surrealplaces said:
I wouldn't say there are 10 streets in those cities that are better than 17th. Maybe 2 or 3, but piles of shorter streets that are more comparable to something like 10th street in Kensington. Not that it matters, but having spent a lot of time at various high streets across Canada, 17th is right up there these days, and improving rapidly.
I remember seeing St Catherine's Street, Rue St Denis, and Boulevard St Laurent for the first time in 1993, 17th ave was a long ways away from those streets, but over the years up to the last time I was in Montreal (2024), those streets haven't changed. St Catherine's actually seemed less busy than it used to be.
Of course, those streets are basically fully built out, so they aren't expected to improve. What I have noticed over the years with Montreal is the emergence of more smaller sections of trendy streets here and there. Anyhow, long story short, I think 17th has come into its own over the past few years and can hang with the best.
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An underappreciated part of living near 17/Beltline in Calgary vs those other cities is how close you are to everything else. Places like King West, Queen West are great for retail/restaurants but the trade off is how far and inconvenient it is to get to other areas of the city. Let's say you have family/friends that live in the suburbs or a different side of the city, or want to do a hike, you're sitting through lots of traffic on the DT roads/DVP/401 or taking the TTC + Go + regional transit to get where you need to go. Whereas living in the beltline, you have the restaurants and shops nearby but you can also reach all corners of the city within half an hour on the weekend with a car.
 
Rusteez42 said:
I like 17th Ave... but there are probably 10 streets in each of Montreal and Toronto that are equivalent or better in their entertainment, walkability etc...

I think the retail condo investment scheme has kind of had it's time, but that doesn't mean that homeowners aren't looking for places and this one actually will be the most sought after building in the city in my opinion, at least for those who kind of want the fast life. I too recently spoke with a big BC developer who said they are so tired of the BS there and really prefer to deal with Calgary/Alberta.
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We can't really compare - It's like saying Toronto compared to New York City , or heck even Tokyo (no chance at all for number of main streets). I get your point but for the age, size and population, Calgary's 17th avenue is not bad. While currently living in mission I am enjoying the improvement and development proposals so far.
 
It’s also very hard to change a city’s built form. Toronto and Montreal are much older. Compare us to any similar sized Western city in the US and we’re quite a bit more urban. A city like LA has 13 million residents, yet it’s the same car focused suburb just insanely large. We’re lucky that we had the oil boom where there was a built up downtown and commercial centre, that enables the walkable streets today. Otherwise, we’d have the urban form of Edmonton or Salt Lake City.
 
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