Developer says condo victim of delays
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The developer of the now-cancelled Corners towers project says plans fell victim to disagreements with the city over land expropriated for the Valley Line LRT as well as issues obtaining permits.
Claudio Raimondi of Edmonton-based BCM Homes told Metro in an email that land was “expropriation for LRT purposes of the sister tower, on the southwest corner” of the intersection in The Quarters where the building was to be built, and that caused logistical issues and delays.
Raimondi also said BCM Homes was unable to secure permits for the 28-storey condo development “without additional geo-technical assessment due to proximity of the site to coal seams caused further delays.”
This summer, it was reported that the site at Jasper Ave and 95 Street, where two residential towers were planned to be located, is potentially near several historic coalmines.
While Raimondi says he still believes the condo project is viable with some adjustments, he said his company “had little choice but to let the project go.”
Lesley Vaage, a communications representative from the city, said it was "in the process of selling the property to a developer, pending certain conditions being met.”
“The conditions weren't met, so the sale did not proceed," Vaage said. "The city has secured the land and is now assessing next steps for the property.”
The city has previously stated they’re looking into multiple options in order to get something built on the site as soon as possible.