Quote:
Originally Posted by killer_carlson
Edmonton could fill Epcor no problem - but no one wants to go in there because of location. One of the largest homeless shelters and the location of the sketchy homeless that regular homeless stay away from is about 1/2 block north of Epcor. The parking lots will have junkies sleeping on mattresses right next to you car. There will be turds left behind because they wont walk to a bathroom.
Not To mention that access to Epcor will be a disaster until the arena, lrt extension and museum are built. Construction will be shutting down lanes and heavy equipment all over downtown.
I know for a fact that Epcor could be filled, but there are factors working against it that will exist for three years.
Could this new building be filled.... Not so sure about that. There would have to be a lot of residential units in there.
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If no one wants to go in there because of location it still means there's not enough demand for office space. It's not that awful of a location, or a so so building, and it's not like those leasing the space would be taking it for only 3 years. It's a AAA office building and you can get a pretty good lease rate taking that space right now for 10 - 15 years plus renewal options. The biggest downside for employers with that location is amenities and getting some lunch. It's not like the homeless are going to be hanging out in the parking lot overnight when it's -20 all winter.
If it was in a better location yeah, probably would have been leased up more easily, but it would have created a large vacancy hole elsewhere and been filled with 20 small tenants much like Manulife Place.
Anyway, we probably will continue to disagree and it's a matter of opinion mostly so I'll end it there. This whole thread should probably either be left for the Brookfield discussion or merged with the SSP thread and one way or another our conversation doesn't belong in it.
