Warehouse Park, other incentives spur up to 1,800 housing units downtown
Several developers say the "black hole" created by the many surface parking lots that surround Warehouse Park downtown is finally set to change, with up to 1,800 housing units proposed.
"Whenever you have that swath of land, everybody looks at it every day, saying, 'There's such an opportunity there,'" Ian O'Donnell, development manager at Westrich Pacific, told Taproot. "Most cities in Canada don't have that size of land, or areas around a park that are just sitting vacant, and so the opportunity is incredible, and it's wonderful to see that the private sector has responded."
Instead of skyscrapers towering over the future downtown park, however, developers are rezoning lots to build smaller. Autograph Group, the developer of The Shift at 10157 106 Street just east of the park, had initially proposed to build two towers, at 38 and 35 storeys, with 780 units. But in September, Autograph successfully applied to rezone the lot to allow for much shorter buildings. Autograph president Henry Edgar told Taproot the company now plans to construct buildings between six- and seven-storeys with up to 250 units.
"We were seeing the progress on Warehouse Park and on the LRT being built along 102 Avenue, and just felt the timing was right to restart the engines," Edgar said. "And right now, towers are just too expensive."
Kelowna-based Faction, the developer that owns the Massey Ferguson building and adjacent surface parking lot near the park, at 10609 104 Avenue, also rezoned its lot that same day to reduce the maximum height from 18 to 14 storeys. The building was recently designated a municipal historic resource. The new development will incorporate the historic building, according to a city report about the rezoning application.
Meanwhile, MHA Properties, developer of the BLVD building at 10163 108 Street that will directly abut the park, received a development permit in February to construct the six-storey, 54-unit building. The developer plans to include a restaurant or cafe on the ground floor with a patio facing Warehouse Park.
Westrich is midway through constructing Lotus Park, a six-storey, 152-unit building at 10164 108 Street. On Sept. 2, the developer visited the Edmonton Design Committee with its plans for two more six-storey buildings, one south of Lotus Park and one on the other side of Warehouse Park on 106 Street. Those buildings are expected to have 204 units and 171 units, respectively. The committee did not support either of the developments.
City administration has introduced a per-door incentive for student housing and will facilitate electricity upgrades, in the hope of spurring development, particularly around Warehouse Park. This will allow hundreds, if not thousands, of downtown housing units to move closer to completion, O'Donnell said. Combine that with the Valley Line West LRT, set to open in 2028, the upcoming completion of Warehouse Park in the fall, and new developments on NorQuest College's campus, and downtown's warehouse district is set to look remarkably different in a few years than it does now, provided the proposed developments are actually built.