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Tuesday, January 10, 2006

Downtown Mega Project Two Years Late

This article, from the Edmonton Journal talks about the commercial projects in the downtown Edmonton core. It's a good sign that just because our market is hot, there isn't senseless over building going on, leading to an over supply situation...

Though downtown condo construction is booming, Edmonton's office market overall has been slow to recover from the double whammy of provincial government cuts and the economic downturn of the early '90s, he says.

"Edmonton just historically hasn't been a big office city. It's been seen more as a blue-collar type of city. Your office tenants are the ones associated with the sheer size of the population: financial firms, legal firms, the big government sector. They lend stability to the market, but it hasn't grown," says the Calgary-based Gigliuk.

More...

1 Comments:

  • At 1/16/2006 04:48:00 PM, Blogger the spoonman said…

    I'd love to see 124th street to catch on. It would take some of the pressure off whyte (in regards to suburanites wandering around on weekends) and pull more folks north of the river. A better downtown is the first step in that direction.

     

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