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Originally Posted by ranchlandsselling
Interesting to see Olives and The other place close. I'm not sure the Stampede development would have helped or detracted from Olives.
Did somone buy the other Arriva site? I thought I read that the other day. Also that Keynote is looking at doing their second building. I wonder if they've sold out building one. Man did that thing ever stall out on sales. Not sure it's the best idea to be starting new towers on the East Side...
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More people coming to the area on more than just event nights at the Dome and Stampede Park can't help but be good for business. Olives was always busy when things were going on at the park. On nights that there was nothing it was very quiet there.
Nicholas Hon bought the arriVa 42 and third tower site (and the two schools that sit on the property) for around $24M. He is restarting the project under the new name 'The Guardian' and intends to proceed with the NW tower at 44 storeys with sales to start this fall:
www.theguardiancalgary.com
Unlike arriVa and the proposed arriVa 42 this new tower will feature many more units, and smaller units sizes. Between the two towers there will be about 600 units.
East Beltline is a blank slate, projects like arriVa, Sasso, Vetro, Keynote, and Nuera have helped start the redevelopment. What is critical now is that it becomes more than just point towers, attention must be paid to the human scale and making sure that it is a great area to live and play in. Green space is a key part of this, hopefully this will not be ignored by future developments and the city.