08-18-2021, 12:52 PM
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#2201
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First Line Centre
Join Date: May 2012
Location: The Kilt & Caber
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Is there a website where it shows current & ongoing building projects in the city? I'm just wondering what's happening with the buildings along the block directly north of Manulife Place (8th Ave & 5th Street SW). The one is a pretty old yellowish brick building. They've removed and tarped the windows and I'm wondering if they're getting ready to tear it down. This building isn't even labelled on Maps so I have no idea what it's called.
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08-18-2021, 01:03 PM
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#2203
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Backup Goalie
Join Date: Oct 2009
Location: Calgary
Exp: 
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Quote:
Originally Posted by Nyah
Is there a website where it shows current & ongoing building projects in the city? I'm just wondering what's happening with the buildings along the block directly north of Manulife Place (8th Ave & 5th Street SW). The one is a pretty old yellowish brick building. They've removed and tarped the windows and I'm wondering if they're getting ready to tear it down. This building isn't even labelled on Maps so I have no idea what it's called.
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Do you mean to the south of Manulife Place?
The Barron building there was undergoing a conversion into residential rental units. The developer Strategic Group has run into some financial issues though and the project is on hold.
https://majorprojects.alberta.ca/det...-Renovation/22
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08-18-2021, 01:12 PM
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#2204
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Franchise Player
Join Date: Mar 2004
Location: 161 St. - Yankee Stadium
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Barron Building is back in the planning phase. Conversion to residential apartments pending approval for the City’s downtown development incentive program. With approvals, it’s possible to start seeing some action there before the year is out.
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The Following User Says Thank You to JBR For This Useful Post:
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08-18-2021, 01:13 PM
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#2205
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First Line Centre
Join Date: May 2012
Location: The Kilt & Caber
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Quote:
Originally Posted by uofaflamesfan
Do you mean to the south of Manulife Place?
The Barron building there was undergoing a conversion into residential rental units. The developer Strategic Group has run into some financial issues though and the project is on hold.
https://majorprojects.alberta.ca/det...-Renovation/22
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Yep, get this girl a compass 
Thanks everyone, I'm looking forward to seeing the progress.
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08-18-2021, 01:23 PM
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#2206
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Franchise Player
Join Date: Feb 2010
Location: Hyperbole Chamber
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Quote:
Originally Posted by Nyah
Is there a website where it shows current & ongoing building projects in the city? I'm just wondering what's happening with the buildings along the block directly north of Manulife Place (8th Ave & 5th Street SW). The one is a pretty old yellowish brick building. They've removed and tarped the windows and I'm wondering if they're getting ready to tear it down. This building isn't even labelled on Maps so I have no idea what it's called.
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https://calgary.skyrisecities.com/fo...rategic.29366/
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10-28-2022, 10:09 AM
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#2207
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Powerplay Quarterback
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Quote:
Originally Posted by calgarygeologist
I'm not sure if that is correct. Remington land is north of 11 Ave to the CPR lines. Between 11 Ave and 12 Ave east of 4 Street is land that I believe belongs to the Stampede but the building have not been flattened yet and are still in use.
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Epilogue, 8 years after this post. It looks like CPR broke a contract to sell the land to Remington and now owes them $163 million. And the province is "liable to Remington for inducing the breach of contract".
https://calgaryherald.com/business/c...n-on-cpr-lands
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10-28-2022, 10:25 AM
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#2208
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Franchise Player
Join Date: Apr 2008
Location: Calgary
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Quote:
Originally Posted by InglewoodFan
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Haha wow, this quote:
"At a Dec. 4, 2006, meeting, CPR advised the developer that it had decided to sell the 10th Ave. Lands to the province and when Remington founder Randy Remington asserted “we have a contract,” he was told by a railway representative to “get over it,” she noted."
Even if CPR had sold that land to Remington back then I highly doubt they would have been building the Rail Town project by now.
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10-28-2022, 11:52 AM
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#2209
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Franchise Player
Join Date: Jan 2010
Location: Calgary
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Wow! This decision is going to be appealed, no doubt, but in the end, if CPR and the Province actually do have to pay, this would be absolutely stunning. It totally does make sense to recover actual costs, interest and economic loss of profit etc., but the amount of this award is insanely high. Commercial developers normally make 15% gross margin, which goes down to 5% after overhead and before taxes. With consulting costs being relatively low in the preliminary project stages, it must be all economic loss then. Using 5% as a denominator, $163M award suggests a $3.26B project value which is not even remotely close to what Remington was proposing on these lands. Just wow.
__________________
"An idea is always a generalization, and generalization is a property of thinking. To generalize means to think." Georg Hegel
“To generalize is to be an idiot.” William Blake
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10-28-2022, 01:55 PM
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#2210
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Backup Goalie
Join Date: Dec 2013
Exp:
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Quote:
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Wow! This decision is going to be appealed, no doubt, but in the end, if CPR and the Province actually do have to pay, this would be absolutely stunning. It totally does make sense to recover actual costs, interest and economic loss of profit etc., but the amount of this award is insanely high. Commercial developers normally make 15% gross margin, which goes down to 5% after overhead and before taxes. With consulting costs being relatively low in the preliminary project stages, it must be all economic loss then. Using 5% as a denominator, $163M award suggests a $3.26B project value which is not even remotely close to what Remington was proposing on these lands. Just wow.
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Yes, I suspect the appeal is likely to focus on the damages awarded, rather than the actual finding of liability (I admit, I haven't read the full decision yet.... it's 200 pages long. However, given that the trial ended in June and the decision is already out, I think some students clerking at the Court really earned their keep on this one).
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02-28-2023, 12:06 PM
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#2211
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Franchise Player
Join Date: Apr 2008
Location: Calgary
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Changes coming to the Kensington Gate building at the corner of Memorial and 10th street. Word is the rentals are going out, and major renovations to convert units into larger condos.
https://twitter.com/user/status/1630627832937234433
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02-28-2023, 12:52 PM
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#2212
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Franchise Player
Join Date: Oct 2001
Location: NYYC
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If there's one property that could use a thorough reno/redevelopment, it's that one. It's a pretty high profile location so I hope it's of high quality.
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The Following 2 Users Say Thank You to Table 5 For This Useful Post:
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02-28-2023, 01:00 PM
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#2213
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Franchise Player
Join Date: Feb 2010
Location: Hyperbole Chamber
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Why does the road bend?
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02-28-2023, 01:06 PM
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#2214
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Franchise Player
Join Date: Apr 2008
Location: Calgary
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Quote:
Originally Posted by topfiverecords
Why does the road bend?
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I was trying to figure out the elevation of that rendering, I believe it would be the view looking North/Northeast from Memorial and 10A St.
https://goo.gl/maps/2Hp71dDXffp7GeKy5
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02-28-2023, 01:15 PM
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#2215
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Franchise Player
Join Date: Apr 2008
Location: Calgary
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Quote:
Originally Posted by Table 5
If there's one property that could use a thorough reno/redevelopment, it's that one. It's a pretty high profile location so I hope it's of high quality.
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True, but not sure how I feel about losing rental stock for condos right now.
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02-28-2023, 01:23 PM
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#2216
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Franchise Player
Join Date: Feb 2010
Location: Hyperbole Chamber
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Quote:
Originally Posted by Bigtime
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Edit: Wait, they listed the wrong street and it's actually 10A? That explains my confusion. Are they reskinning or demolishing what's there and building new?
Last edited by topfiverecords; 02-28-2023 at 01:28 PM.
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02-28-2023, 01:35 PM
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#2218
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Franchise Player
Join Date: Apr 2008
Location: Calgary
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Quote:
Originally Posted by topfiverecords
Edit: Wait, they listed the wrong street and it's actually 10A? That explains my confusion. Are they reskinning or demolishing what's there and building new?
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The building covers that whole block from 10A to 10. Reskinning the exterior and a lot of interior changes apparently.
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The Following User Says Thank You to Bigtime For This Useful Post:
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02-28-2023, 01:42 PM
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#2219
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Franchise Player
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Quote:
Originally Posted by Bigtime
Haha wow, this quote:
"At a Dec. 4, 2006, meeting, CPR advised the developer that it had decided to sell the 10th Ave. Lands to the province and when Remington founder Randy Remington asserted “we have a contract,” he was told by a railway representative to “get over it,” she noted."
Even if CPR had sold that land to Remington back then I highly doubt they would have been building the Rail Town project by now.
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Well they would've had a significant head start on a development plan vs the EV ARP.
How far along was the EV ARP in the mid 2000's? Could Remington not have been further along building Railtown, before the city executed EV?
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