While Edmonton’s new downtown arena development has garnered much attention, the accompanying boom of real estate development in the city’s core is the latest topic of conversation.
The previous abundance of surface parking lots allowed for the land space needed by developers to add more condominium towers to the downtown area, with around 27 proposed towers expected to go up in the next 3 years. At the forefront of these residential developments is the Fox Two, a project by Langham developments (of Icon Towers notoriety). 171 units will comprise this 33 storey colossus on the corner of 102 Avenue and 104 Street; a site you may remember as the old greyhound bus garage. This project began after the Fox One sold out most of it’s 142 units. Upon completion, both Fox towers are expected to place in the top 20 list of Edmonton’s tallest buildings, alongside the Icon I and II.
Mockup of the Fox Two tower.
The following chart outlines some of the major condo development projects in central Edmonton:
|
Building |
Units/Storeys |
Status |
Estimated Completion |
Price Range |
|
Fox One |
142 Units 27 Storey |
Construction |
2015 |
From 363,900 (based on remaining unit prices) |
|
Fox Two |
171 Units 33 Storeys |
Pre-construction |
Unknown |
From 290,000 |
|
Pearl Tower |
128 Units 35 Storeys |
Construction |
Late 2014 |
From 297,000 to 1,850,000 |
|
Ultima |
199 Units 32 Storeys |
Construction |
2015 |
From 270,000 to over 624,000 |
|
Edmontonian Sky Garden Towers |
220 Units 53 Storeys |
Pre-construction |
Unknown |
Unknown |
|
Symphony Tower |
143 Units 27 Storeys |
Pre-construction |
2016 |
288,000 to over 2 million |
|
Corners |
27 Storeys |
Pre-construction |
2015 |
200,000’s to over 1 million |
Understandably, residents and employees who work in the core have expressed concern over an increase in traffic congestion due to construction and closed thoroughfares, as well as decreased parking availability. According to Edmonton Journal Reports the city is on top of these issues, with a comprehensive website in development to keep citizens aware of route changes and parking availability, maintaining Downtown’s travel efficiency.
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