It won’t turn heads like the Executive Place construction project, but work on another downtown office building could begin shortly.
Mosaic 6 Corp., the holding company of Red Deer realtors Blake and Tammy King, obtained approval from the city’s municipal planning commission last May to develop a small office building at 4823 53rd St.
Blake King indicated at the time that his and Tammy’s intent was that their own real estate firm, Worth Metro Real Estate, would occupy part of the building, and the rest would be leased out.
He said this week that they wanted commitments from some tenants before commencing construction. The property is being marketed by Ralph Salomons Commercial Inc.
King said he’d like to begin construction as soon as possible, with the project expected to take six months to complete.
“I think the building’s going to be built at the right time, because there is a shortage (of office space).”
The building will be nearly 8,500 square feet.
Because it’s being developed on a sloped lot, it will be two storeys in the front and three storeys in the rear.
King said tenants could lease any size space from 2,775 square feet to the entire building.
He thinks a mix of professional businesses would be ideal, but added that other uses would be acceptable as well.