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I believe DP permit is 4-years + two renewals for 2-years each. So eight years in total

It's pretty good given the location at the corner of 14th Street and CPR tracks. Is there a worse location in all of the Beltline? I'm ecstatic it's not dead space anymore. Also impressed they built in concrete. And rents look pretty reasonable too. It's not a dream building, but it's a great...

I visited the sales center a few weeks ago. They've sold 40% of the building (mostly one bedroom suites). It seems like many of the suites that have been sold have been sold to Toronto investors. They are targeting a completion date of 2027. This project is selling at $800-$900 psf. I think...

Have a friend that works for Atlas Group in Vancouver which is some kind of real estate data company. He says it sold at $14.6m to Carslile Group on September 1 in a foreclosure sale. That's pretty close to what we all figured on this board.

That's one possible takeaway for sure. Another broader takeaway would be that if interest rates and cost remain elevated, inner-city development of in Calgary might be increasingly skewed towards these 4-6 storey, wood-frame buildings just outside (or even within) the Beltline. It might be...

If I had to speculate (and I don't, but will anyways)... I think market conditions have changed massively. With commercial rents down and interest rates up, ASI's holding cost for this parcel has probably increased substantially. As a result, they probably need to pull forward development from...

I chatted with someone on site while walking home yesterday...he suggested the Carmichael group or Carslile group or something was completing the project. Not sure if they were the contractor for the bank or if they had purchased the project.

Remember the hype around this when it was initially upzoned? 'Don't screw it up,' mayor tells developer re-doing busy central Calgary corner https://www.cbc.ca/news/canada/calgary/condon-building-busy-corner-1.5151503

Is indevelopments building this?

A realtor friend of mine once noted in passing that they were condos and the condo owners got very good prices from the developer.

If you look at the rendering on page one of this thread, it's sure looks more like brick than what the end result looks like

Interesting - any idea of the ask price? I'd back of envelope valuation at around 20,000 sf of unfinished residential at $450 psf and $1m x 6 retail bays. So that's like $15m +/- 20%? Disclaimer - I know nothing about valuing real estate

Seems like a really great, high density site for Truman. A lot of the parking lots along 10-Ave are right along the train tracks, so I assume are (1) less desirable from a condo sales perspective; (2) more expensive to construct; and, (3) there are restrictions on building condo suites facing...

FAAS does such great work

This is looking substantially better than the renderings! It would be cool if they could paint the balcony doors. Either black to match the windows. Or a variety of colors that pop, similar to what Duke did on 18th Avenue in Mission. But the white stucco and black windows is a clean, classic...

I'll hold final judgement until the end, but in my opinion this risks turning into a super disappointing development. It seems like the massing is going to be overbearing due to insufficient step-backs and set-backs (not referring to the height). The paneling looks cheap and the colors (deep...

By my notes, demolition of the old Chinese food restaurant was completed in August 2018. So probably looking at 55 months to complete a project that was initially scheduled to be 18 months. I'm sure they're value engineering pretty much everything they can at this point.

The Garfield was 12 suites Winston Manor was 16 suites I think In an ideal world, someone would rehab and steward these older buildings, ensuring affordable rentals that still add to the fabric within their community. In reality, is any investor or company actually doing this on any scale...

This seems stalled out. Nothing happening in the past two to three months now. Either they can't get their modular items or they have no money. Some rumors floating out there for sure.

Genuinely excited for this one. Renderings look great and the construction team seems very efficient!