So it sounds like the city has big plans for the old Molson’s buildings. I hope they will follow through. Edmonton Journal has published an article where it stated that a Vancouver-based company, which plans to eventually develop the site, has acquired the brewery. The entire area has been under ongoing historic review by the city and the province. The plan is to develop the site with housing, retail stores, offices and restaurants while maintaining its historical charm.
As of now, the site stands empty, with a chain link fence around and no sign of construction. Some say, that the decline in real estate pricing since July of 2007, construction costs and global recession, had postponed the project by few years. I would agree and think is just matter of time, as Edmonton’s market conditions are improving and development costs make it more feasible to redevelop now.
If you have any information regarding this project, you are welcome to comment.
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