Pedestrian Mall in the Exchange District - Page 8

biguc · #**141** Posted **Apr 16, 2007, 5:12 AM**

Quote:

Originally Posted by The Diva

^^Ok, so the vacancy rate is extremely low, and indeed new units would be competing against those under rent control...only "those" do not exist because "those" are not available because of that extrememely low vacancy rate. I disagree with your theory; the new units would be rented very quickly.

The rental market, unfortunately, isn't very strong anywhere--even in Winnipeg. From what I understand, the number of residential units has dropped in the last couple decades. Certainly troubling news, anyway, to those of us who'd like to see more residential development of any description.

trueviking · #**142** Posted **Apr 16, 2007, 5:55 AM**

there is no money in rentals....the inflated cost of new construction has ensured that rental properties will likely be from renovation not new buildings....the math doesnt work.

rent control is not entirely to blame, but i could do without it.

i have dealt with 3 or 4 clients in the past few years who have wanted to build rentals in osborne and downtown...all of them were eventually abandonned because the numbers just dont work....you dont recouperate your capital cost investment fast enough.

biguc · #**143** Posted **Apr 16, 2007, 3:33 PM**

Exactly, it makes no sense to wait ten or fifteen years for your investment to pay off when you can build condos and make money before even starting construction.

That's an interesting note on the people wanting to build, trueviking. Good to hear the desire is there.

cotterpin · #**144** Posted **Apr 16, 2007, 4:21 PM**

rumor has it that a successful Corydon area salon will be relocating to the exchange district, expanding their services and incorporating a spa....an address on Main St is likely.

The Diva · #**145** Posted **Apr 16, 2007, 6:27 PM**

Hmm...the former Birt's Building perhaps?

newflyer · #**146** Posted **Apr 16, 2007, 11:30 PM**

Quote:

Originally Posted by cotterpin

rumor has it that a successful Corydon area salon will be relocating to the exchange district, expanding their services and incorporating a spa....an address on Main St is likely.

Funny .. a friend of mine was saying something along that line to me the other day as well, although he said it was a second location.

1ajs · #**147** Posted **Apr 17, 2007, 12:08 AM**

Quote:

Originally Posted by cotterpin

rumor has it that a successful Corydon area salon will be relocating to the exchange district, expanding their services and incorporating a spa....an address on Main St is likely.

union tower?

cotterpin · #**148** Posted **Apr 17, 2007, 1:06 AM**

Quote:

Originally Posted by newflyer

Funny .. a friend of mine was saying something along that line to me the other day as well, although he said it was a second location.

well, the original location will likely remain, under a new management and new name. As for which space the new location will open in, I am not sure, but I'll try to find out. I doubt union tower. I was thinking perhaps the old Ronald's shoes building.

1ajs · #**149** Posted **Apr 17, 2007, 1:18 AM**

Quote:

Originally Posted by cotterpin

well, the original location will likely remain, under a new management and new name. As for which space the new location will open in, I am not sure, but I'll try to find out. I doubt union tower. I was thinking perhaps the old Ronald's shoes building.

what the little building between union and crocus

cotterpin · #**150** Posted **Apr 17, 2007, 1:20 AM**

Quote:

Originally Posted by 1ajs

what the little building between union and crocus

yeah, thats the one....but again...just speculation.

1ajs · #**151** Posted **Apr 17, 2007, 1:35 AM**

Quote:

Originally Posted by cotterpin

yeah, thats the one....but again...just speculation.

forgot about that little building actualy would be nice to see the main street side have a tenit in it again

trueviking · #**152** Posted **Apr 17, 2007, 6:02 AM**

Quote:

Originally Posted by biguc

Exactly, it makes no sense to wait ten or fifteen years for your investment to pay off when you can build condos and make money before even starting construction.

That's an interesting note on the people wanting to build, trueviking. Good to hear the desire is there.

one seems to be hanging around....cross your fingers.

The Diva · #**153** Posted **Apr 17, 2007, 12:51 PM**

Quote:

Originally Posted by 1ajs

forgot about that little building actualy would be nice to see the main street side have a tenit in it again

That would be so nice; I feel sorry for that building; kinda like the christmas tree on the Charlie Brown Christmas--LOL. That would be a charming little salon, and the perfect use for this small building. It needs a dramatic color scheme on the outside so it will pop--stand out and say "I am small, but I know how to use it"...you know...