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Urban Development and Proposals Discussion

zagox

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A few of the buildings are mixed use. Cash flow is cash flow. How they can separate not paying their creditors (banks) on the commercial properties, but continuing to spend on construction of new residential buildings, is beyond my comprehension.
It sounds like the debt was issued and secured by a subsidiary that only has an interest in and recourse to the operating portfolio. The new construction buildings likely have separate construction financing under a separate subsidiary. Hopefully this is the case and they have not cross-collateralized, so the development arm can continue construction relatively unaffected.
 

darwink

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It sounds like the debt was issued and secured by a subsidiary that only has an interest in and recourse to the operating portfolio. The new construction buildings likely have separate construction financing under a separate subsidiary. Hopefully this is the case and they have not cross-collateralized, so the development arm can continue construction relatively unaffected.
From how the filings had each building as a different entity, it looks like Strategic's structure will prevent a contagion collapse. Some of the buildings with long standing debt would likely have really high interest rate debt-I believe they assembled lending compacts for each building, if my memory of advertising a decade plus ago is anywhere near reliable, whether them or someone with a similar model were talking about 10% returns.
 

MichaelS

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So, as has been discussed a bit in the past, 24th Avenue NW is undergoing a bit of a resurgence. It is interesting, as this street is not one of the planned "main streets" in the MDP, yet it is quickly developing (in the planning stage at least) into one. 3 of the applications are going to CPC next week (for land use, not DP), but first a bit of an overview:

Here is a map showing the current applications along 24th Avenue NW (it is the 3 Civicworks applications going to CPC):
1576302637282.png


24th Avenue is currently a plain, collector road built decades ago, so not the most inviting streetscape, but there is a proposed new cross-section, seen here:
1576302722409.png


First up at CPC, item 7.2.2, is the project located at 2022 and 2026 24th Avenue NW.
Report is here: https://pub-calgary.escribemeetings.com/filestream.ashx?DocumentId=117331
DP drawings: https://pub-calgary.escribemeetings.com/filestream.ashx?DocumentId=117337
1576302823526.png


Next up, item 7.2.3 , kitty corner to the above location at 2103 and 2107 - 24th Ave NW, is this one:
Report: https://pub-calgary.escribemeetings.com/filestream.ashx?DocumentId=117341
DP Drawings: https://pub-calgary.escribemeetings.com/filestream.ashx?DocumentId=117347
1576302940128.png


And the third one going to CPC, item 7.2.4, is a little further west, located at 2460 to 2468 - 23rd Street NW.
Report: https://pub-calgary.escribemeetings.com/filestream.ashx?DocumentId=117351
DP Drawings: https://pub-calgary.escribemeetings.com/filestream.ashx?DocumentId=117357
1576303106929.png
 

gsunnyg

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Oh wow these look awesome! I hope we get identical designs during build. Only thing I would tweak is the second one where the plantation barriers would most likely make window shopping less effective. Glad to see more main-streets being developed
 

Surrealplaces

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24th really could use a sprucing up. Glad to see this happening. Some people will complain about one of the parking lanes disappearing, but it will benefit so many others.
 

MichaelS

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Another land use item going to CPC next week is for a small office building on 17th Ave SW, at 1867 17th Ave SW. Land use is by Sarina Developments:
It also has a concurrent DP:
1576475646281.png

And yes, before anyone wonders, this property is impacted by my favourite part of the land use bylaw, the road widening setback table. That great front lawn on 17th Avenue (17', or 5.182m) is brought to you by Part 53 of Land Use Bylaw 1P2007. You can see how much the property line shifts as the dedication was taken from the property to the west in the past:
1576476020081.png
 

JonnyCanuck

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24th really could use a sprucing up. Glad to see this happening. Some people will complain about one of the parking lanes disappearing, but it will benefit so many others.
All (3) of the projects are planned by the same developer .... Eagle Crest Construction. They also have projects in Kensington & Montgomery
 

UrbanWarrior

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The third one is RNDSQR, not sure of the others.
 

Surrealplaces

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Contemporary Calgary's new home will be unveiled to the public Jan.23



Contemporary Calgary's transformation of old planetarium ready for the new year

Lineup so far for next year.
2020 lineup
Some of the exhibitions in the gallery's first year include:

Planetary, an exhibition featuring more than 36 Calgary-based artists will be on from Jan. 23 to April 26.
Museum of the Moon, by Luke Jerram, will be featured on Jan. 23 to March 15.
Yoko Ono's GROWING FREEDOM: The instructions of Yoko Ono and The art of John and Yoko, will be featured on May 21 to Aug. 23.
Same Dream and Everywhere We Are by Omar Ba.
 

O-tac

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So, as has been discussed a bit in the past, 24th Avenue NW is undergoing a bit of a resurgence. It is interesting, as this street is not one of the planned "main streets" in the MDP, yet it is quickly developing (in the planning stage at least) into one. 3 of the applications are going to CPC next week (for land use, not DP), but first a bit of an overview:

Here is a map showing the current applications along 24th Avenue NW (it is the 3 Civicworks applications going to CPC):
View attachment 220098

24th Avenue is currently a plain, collector road built decades ago, so not the most inviting streetscape, but there is a proposed new cross-section, seen here:
View attachment 220099

First up at CPC, item 7.2.2, is the project located at 2022 and 2026 24th Avenue NW.
Report is here: https://pub-calgary.escribemeetings.com/filestream.ashx?DocumentId=117331
DP drawings: https://pub-calgary.escribemeetings.com/filestream.ashx?DocumentId=117337
View attachment 220100

Next up, item 7.2.3 , kitty corner to the above location at 2103 and 2107 - 24th Ave NW, is this one:
Report: https://pub-calgary.escribemeetings.com/filestream.ashx?DocumentId=117341
DP Drawings: https://pub-calgary.escribemeetings.com/filestream.ashx?DocumentId=117347
View attachment 220101

And the third one going to CPC, item 7.2.4, is a little further west, located at 2460 to 2468 - 23rd Street NW.
Report: https://pub-calgary.escribemeetings.com/filestream.ashx?DocumentId=117351
DP Drawings: https://pub-calgary.escribemeetings.com/filestream.ashx?DocumentId=117357
View attachment 220102
Every one of those proposals looks great. I can’t believe how much construction is still happening and how much the bar has been raised for design in this city. I still remember the days of Edmonton style stucco crapboxes that passed for infill.
 

O-tac

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Contemporary Calgary's new home will be unveiled to the public Jan.23



Contemporary Calgary's transformation of old planetarium ready for the new year

Lineup so far for next year.
2020 lineup
Some of the exhibitions in the gallery's first year include:

Planetary, an exhibition featuring more than 36 Calgary-based artists will be on from Jan. 23 to April 26.
Museum of the Moon, by Luke Jerram, will be featured on Jan. 23 to March 15.
Yoko Ono's GROWING FREEDOM: The instructions of Yoko Ono and The art of John and Yoko, will be featured on May 21 to Aug. 23.
Same Dream and Everywhere We Are by Omar Ba.
I wonder if the addition is in jeopardy now that the provincial government is reneging on all the funding commitments made by the previous government? The feds committed $100 million contingent on the province and city paying their parts. I fear the full scope of the project could go the way of the Greenline.
 

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