Calgary SSP Development Listing

[Bigtime]

I'm sure the folks that live in Chestermere are just thrilled about this proposal.

[mykalberta]

Originally Posted by Bigtime

I'm sure the folks that live in Chestermere are just thrilled about this proposal.

I think as Pincott noted, if it meets density standards and other requirements of the more broader area plan why wouldnt Calgary support it. I can see a 30 year memorial drive or more likely 17th Ave Ctrain spur to Chestermere.

People in Chestermere are the ones you have to worry about with the backlash.

[Bigtime]

Ugh yeah, exactly what my post said.

[SebC]

Originally Posted by kevman

Interesting....

I wonder if Calgary should have made a push to annex those lands first? When that development is built up it will be closer to Downtown Calgary than Airdrie, Okotoks and Cochrane. Promoting inner-city development by reducing greenfield SFH construction doesn't do you a lot of good when it gets built up anyway and you lose that tax base.

Perhaps. I don't think there's a clear answer as to whether the yop gobblers or the parasites cost the city more.

Edmonton has one of the lowest tax rates in the capital region (well lower than St. Albert), which seems to imply that the parasites might come closer to covering their costs when they're not amalgamated. Also, amalgamation gets you Rob Fords.

[stampsx2]

As the city of Calgary pushes for higher density people we will probably see a lot more parasite community expansion. People simply want low density housing. The demand is there. If Calgary doesnt provide it, someone else will.

Look at Toronto and all it's parasite communities. Same with Vancouver. It's the result of being a bigger city.

Hong kong type cities only exist because there's nowhere to build.

[Bunk]

Originally Posted by stampsx2

As the city of Calgary pushes for higher density people we will probably see a lot more parasite community expansion. People simply want low density housing. The demand is there. If Calgary doesnt provide it, someone else will.

Look at Toronto and all it's parasite communities. Same with Vancouver. It's the result of being a bigger city.

Hong kong type cities only exist because there's nowhere to build.

The Calgary Metropolitan Plan, which all our satellite towns are signatories mandate minimum density thresholds that are in line with what Calgary is building in new subdivisions. These subdivisions in Chestermere will look practically identical to Calgary's. The reason they agree to these thesholds is they face the same infrastructure and operating cost challenges we do - and don't have the benefit of large tax bases from commercial property like Calgary does.

[Bunk]

Originally Posted by SebC

Perhaps. I don't think there's a clear answer as to whether the yop gobblers or the parasites cost the city more.

Edmonton has one of the lowest tax rates in the capital region (well lower than St. Albert), which seems to imply that the parasites might come closer to covering their costs when they're not amalgamated. Also, amalgamation gets you Rob Fords.

This is what bedroom communities struggle with - residential development is expensive to support with infrastructure/services and they don't have industry and corresponding no residential tax base to help cover those costs. In Calgary, places like downtown with millions of sq ft of incredibly high value commercial property help pay the freight for the whole city. Ward 7 produces about $300m in proprty tax revenue (plus business taxes), versus $52 million in mostly residential Ward 13 - now imagine if Ward 13 was its own 80,000 population satellite town trying to provide services. St Albert is a great example of a place where property taxes are very high for this reason.

[Regulator75]

Merry Christmas from CtrlAltDel on SSP.

Calgary in 2020.

[psicodude]

What's that development close to the Sunalta c-train station?

[frinkprof]

^I think just stand-ins for West Village, although 2020 might be a stretch for that area.

[SebC]

Banker's Hall looks so short!

[J pold]

Thought this belong here as well:

Morguard has some new information for their new development on 11th avenue, info below:

11th Avenue Place

Address
214 - 11th Avenue SW

Building Size (Office Component in SF)
184,781

Building Description and Comments: 11- storey office building with three floors of underground parking. Built to achieve LEED® Gold Certification (First in the Beltline District).

• Estimated Pre-Lease Threshold (SF): 50%
• Typical Floorplate (SF) 20,000
• Projected Parking Ratio 1:1,567
• Projected Rental Rate (PSF / Annually) $33.00 to $35.00
• Estimated Tenant Improvement Allowance $35.00
• Estimated Operating Costs and Taxes (PSF) $15.00
• Project Status Under construction
• Pre-Leasing
• 53% Leased
• Earliest Completion Date for Business Occupancy: Q4 2014
• Estimated Fixturing Date: Q3 2014
• Ownership Structure: Morguard

Renderings:

Spoiler!

Floor plans:

4th Floor Single Tenant Plan

4th Floor Multitenant Plan

They even had a live consturction webcam: here

[nik-]

eww

[J pold]

Originally Posted by nik-

eww

Yeah it's not the best looking project. I was hoping for more of a character building development given the area it's located in. The money for the development is backed by Morguard's REIT, which means no risk or imagination in the design or delivery, just safe and vanilla.

[EYE_Overstand]

Originally Posted by Regulator75

Merry Christmas from CtrlAltDel on SSP.

Calgary in 2020.

What's the 2013 vs 2020 skyline look like?

[edslunch]

With the seismic changes happening in the oil business world wide I hope all these towers aren't half empty.

[lorenavedon]

Originally Posted by edslunch

With the seismic changes happening in the oil business world wide I hope all these towers aren't half empty.

lots of people have their heads in the sand about this and won't even talk about it. Or are just in complete denial.

[ah123]

Originally Posted by edslunch

With the seismic changes happening in the oil business world wide I hope all these towers aren't half empty.

What are these seismic changes you are referring to?


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[bizaro86]

Originally Posted by ah123

What are these seismic changes you are referring to?


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Seismic changes is a terrible turn of phrase for the oil business. Unless you're talking about changes to seismic.

Seriously though, the oil & gas business hasn't had a good year employee wise. Lots of layoffs and hiring freezes, mainly due to capital costs running away on operators and low gas prices. With gas prices starting to rise again and the Canadian dollar weakening, I'm hoping for a better year next in Calgary O&G next year. But the huge technological advances in supply from shale are a huge risk factor for prices (and therefore employment).

[edslunch]

Originally Posted by ah123

What are these seismic changes you are referring to?


Sent from my iPhone using Tapatalk

Tight oil and shale gas around the world, projected US self-sufficiency....people I know in the oil business are a bit worried about Alberta's high cost position