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General Construction Updates
- Thread starter Surrealplaces
- Start date
CalgaryTiger
Senior Member
I got very excited when I saw a DP for a piece of land in Currie... turns out Wildrose is just making their patios more permanent. Great spot to get a drink and food, went there on Sunday and the patio was closed because they didn't have enough staff. It was packed inside so a patio with heaters could allow them to have more people into the shoulder seasons. For a place with nothing around it, I'm shocked it does as well as it does.
For reference, this is what I saw when looking at the DMAP:
For reference, this is what I saw when looking at the DMAP:
lemongrab
Active Member
Seems like a good indication that Sleemans is keen to stay there and that they'll be woven into the next phases of development. I really like what they've done so far in the Currie community.
Kōsō
Active Member
Not sure if this is related to Brad Lamb's "Orchard" site, but they have been doing soil sampling there all week (on 5th street as well as 11th Ave). If it is related, maybe Brad feels the market is more advantageous now??
Mountain Man
Senior Member
Possibly Green Line work?
Calgcouver
Active Member
Not sure if it was ever sold, might still be Lamb but with the interest from Ontario buyers they are definitely in a unique position to market and pre-sell condos. I would imagine it would be investor focused and if they can show rentals could have a decent cashflow, it could go forward with small units. Last check and my assumption is (that would be outdated) they would probably need around $625psf saleable to work it, caveat being that is on assumed land value and not considering current material costs. 6-8 months ago they were looking for ~$520-550psf seems like that's closer to $580-610psf. So we'll see, if condo supply drops and $psf rises and lots of these PBR rentals like BLVD rent well, Toronto investors will see cash flow is possible and i could see it getting the presales it needed to move.
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Kōsō
Active Member
Seems a little too far South to have anything to do with the Green Line. But I have been known to be wrong.
Mountain Man
Senior Member
The green line will have a station at 11 Ave and 5 St SE.
CalgaryTiger
Senior Member
This is a below grade station... I thought maybe they'd integrate the station into the Orchard development but if I recall Orchard is on the southwest side of this block and the station looks to be right under 11 Ave (if they do cut and over like I think they will) and is advertised as the 4th Street station. So depending on where they were conducting soil sampling it could be both or neither. Maybe Tony's Auto Service lot is set to become a parking lot...
Stations
www.calgary.ca
Mountain Man
Senior Member
It would be great to have a station tied into a development, but I wouldn't hold my breath on that one.
Alex_YYC
Senior Member
Construction project at the top of the Edmonton Trail hill.
Something else u/c at 4th street NE
Something else u/c at 4th street NE
Morshed
Active Member
TOD in Calgary? not on this city council watch...drives me crazy that nothing got developed around Westbrook underground lrt station yet!!
Kōsō
Active Member
Streetside's project Konekt is well underway.
https://www.streetsidecalgary.com/communities/konekt-inglewood/
https://www.streetsidecalgary.com/communities/konekt-inglewood/
Morshed
Active Member
70% sold according to the website! That was quick. I am loving the strong demand
Cyric
Active Member
The demo of the old admin (?) building on the stampede grounds where the SAM centre will be going in is complete.
