New developer redesigns Edmonton condo tower, covers down payments
The Glenora project designs are very different from the previous developer's vision.
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The new developer of the former Glenora Skyline condo tower project says it covered 10 investors’ down payments after the previous developer went under.
“We felt it was an act of goodwill and good corporate citizenry. People who made an investment into a project deserved to have their funds after the ordeal they went through,” said Salima Kheraj, principal at InHouse, the new developer that took over the project, located on 142 Street and Stony Plain Road, last year.
Creating goodwill in the community is top of mind for Kheraj as new designs for the condo project — now called West Block — are submitted to council for rezoning approval in mid-March.
The new designs incorporate three towers and a commercial building that will house cafés, restaurants and shops. InHouse has also added a square, arranged the space to integrate with a future Valley Line LRT stop, and created family-style townhouses to the rear of the site.
Some changes were also made to allay Glenora residents’ concerns — such as sun shadowing and increased traffic — about the previous development.
“In our models to the city, we changed around some of the setbacks and the placement of the towers to allow sun shadows to be cast at a different location away from neighbouring properties,” Kheraj said.
She added that unit density was also decreased to 550 units, and an internal main road was added in the latest designs to alleviate traffic.
But one of the biggest complaints people had, she said, was that they wanted something to happen to the site, where only the foundation of a building has been visible since 2014.
“They’re not happy about the way it looks right now, so I hope the community is excited to see something happen,” Kheraj said.
Pending council approval, sales for at least one condo tower could begin as early as spring, while construction could begin by summer, Kheraj said.
The project is expected to be completed in 2017.