Kensington Mixed Use | 20m | 6s | Stonebriar | McKinley Burkart

CBBarnett said:
Here's a link to the streetview of the location. It's right off Gladstone Road.

https://www.google.ca/maps/place/Ke...605ca02d52d31!8m2!3d51.0526142!4d-114.0871084

From my best guess, there are 24 or 32 units in the existing four buildings that this development is replacing. 180 units is a great net gain.

Unfortunately, all the existing buildings are old (1960s) and subsequently quite cheap. In a small, rich neighbourhood like Hillhurst, that represents a sizable loss of affordable housing stock. I still think the extra density is worth it, we just all should be aware that unlike a vacant parking lot development, this one is coming at a cost of affordable housing.
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The apartment houses are fourplex suites (I used to have a friend who lived in one), so probably about 20-24 units. A good gain units wise, but yeah, the reality is also that cheap housing stock will also be lost.
 
Such is the nature of gentrification. Someday....and this may take a while, all these new units built in Kensington will be cheap housing stock. I probably won't be around to see it though.
 
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I went to Lifesport yesterday and didn't notice anything. I have to go back dow there today, so I'll let you know if I see anything.
 
I wouldn't count on anything happening with this if Stonebriar is still involved. They are currently being liened by a few different companies for 5 figure amounts and have not paid many suppliers.
 
Nimbus said:
I wouldn't count on anything happening with this if Stonebriar is still involved. They are currently being liened by a few different companies for 5 figure amounts and have not paid many suppliers.
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That's too bad. I was excited for this one.
 
Another update on this, a potential sale of the site fell through. Stonebriar also had a court judgment against them to the tune of about $280,000.

I'm thinking best bet for this site is when the RBC site gets going, actively bridging the gap between the other higher densities on 10th street and this location.
 
That's a shame about the Stonebriar deal falling through, I thought the design was great. Haven't seen the plans for the RBC site, this must be something new?
 
Nimbus said:
I’m disappointed that the site did not get sold, could care less about Stonebriar especially since they’ve stuck it to many local vendors.
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Maybe they can sell it to another developer but keep the design. Who knows maybe this is something Battistella can jump on :)
 
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