October 13, 2018 12:09 am
Updated: October 13, 2018 12:12 am

City committee to hear proposal for new tower at former BMO building site in downtown Edmonton

Now that the former site of BMO in downtown Edmonton is sitting empty, a city committee is set to hear about a proposal to build a 50-storey mixed-use tower on the prime piece of real estate.

Tania Gloweski/ Global News
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Now that the former BMO (Bank of Montreal) site in downtown Edmonton is sitting empty, a city committee is set to hear about a proposal to build a 50-storey mixed-use tower on the prime piece of real estate.

A city document shows the Edmonton design committee is scheduled to hear a presentation about the proposed high-rise at 10199 101 St. on Tuesday. Jimmy Amichandwala with Der Associates Architecture Ltd. will speak to the committee at a formal presentation that is open to the public.

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Last year, Regency Developments applied to have the former BMO building demolished with the intention of building a high-rise tower, indicating they did not believe they would be able to find a new tenant for the structure once the bank moved out.

READ MORE: Developer seeks approval to demolish former BMO building in downtown Edmonton

Watch below: On Oct. 30, 2017, Vinesh Pratap filed this report about the future of a prominent downtown Edmonton street corner as a former bank building was sitting empty and the city was reviewing an application for its demolition.

“The sheer size of it and scale of it, it’s a pretty specific tenant that would have been able to take this over,” Regency Developments’ Raj Dhunna said in October 2017. “When we first purchased it, it wasn’t a clear vision of what we wanted to do.

“We just knew it was a prime corner, so I would say not to worry about it being an empty lot too long.”

The tower proposal says the high-rise would include a hotel as well as professional and office space, retail stores, a restaurant and a bar.

Watch below: On Oct. 10, 2018, Vinesh Pratap filed this report about growing concern among some Edmontonians that council may be approving tower after tower without understanding the impact.

© 2018 Global News, a division of Corus Entertainment Inc.

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