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A multi-million dollar price tag for Stonebridge Hotel and Conference Centre

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The proposed Coordinated Care Campus appears to be a good value for permanent, supported housing.

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The conditional offer for the Stonebridge Hotel and Conference Centre—where the CCC project will be located– will be debated by city council on July 12. Council will debate approving a development permit, which would allow for future development of the site.

“What we are looking at is the purchase of $12.5 million for the property and all of the furniture and equipment and stuff that goes with that,” Protective and Social Services Director Chris Manuel said in a previous interview back in June. “What that looks like on a cost per unit, inclusive of that stuff, if it is just the residential component which is approximately 15,000 square feet of the building, it would work out to just under $84,000 per (unit). If you include all the commercial space, which the city plans to use a good portion thereof to accommodate internal departments, it bumps up to $129,000 (per unit).”

The local campus figures compares well by dollar figure to two other projects the city studied..

A 42-unit building for permanent supportive housing in Lethbridge, including the land, was $278.380 per unit. A same-sized facility in Edmonton, where the land was not included in the cost, had a bill of more than $265,000 per unit.

There are three models in place for a permanent supportive housing project.

The first is construction of a new facility, next is retrofitting an existing building and the third would be to expand or build on to an existing facility.

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Manuel noted the third option is more cost-effective on a per-room basis, especially when factoring in having the commercial space utilized by the city and its partners.

The city became aware of an opportunity with the Stonebridge earlier this year.

Administration, after some studying, felt the Stonebridge site provided a unique opportunity that could make a dent in housing inventory debt and provide a wrap-around care program.

One benefit of the site is its size.

It is larger than the downtown block bordered by100 and 99 Streets and 100 and 99 Avenues. It also has three storey’s and 120 rooms that could be converted into suites. The facility is fully functional and prepared to immediately accommodate people, should the proposal get the green light at some point in time.

Earlier this week, the Protective and Social Services Committee heard from Atkinson Construction ACL Ltd., who proposed a brand new facility for a cost of approximately $115,000 per unit.  All the information can be found here.

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