Quote:
Originally Posted by LittleBoy
I would agree and disagree. While a skyscraper may not necessarily drive investment by itself, development exploiting current gaps in the market will lead to further investors hoping to bridge a gap in the market. A new skyscraper may not drive investment by itself, however, a project like River Landing clearly showed the current demand for new commercial and residential development in the heart of the city. Investors are keen to allows others to risk money on new ventures and then will flock to an opportunity when it proves to be profitable.
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Exactly. There will always be those who have the vision, guts and smarts to see opportunity before anyone else, and they will be successful as a result. Then there are those with money who look to follow other’s examples and invest where others have pioneered. Even building and developments follow this pattern. Don’t be surprised if a few other significant projects pop up over the next few years, only because the presence of other successful projects (this one) lead the way.
Remember, this is four towers and a plaza filling a single (small) city block. Each of these five developments would warrant their own thread on this forum if they weren’t being built together right next to each other. This IS damned significant, and players in the development game across Canada will be quietly taking notice, as they seek out the greenest pastures to plant their next project.