Good CBC summary of the current status of the "Vision Lands"
Moncton's Vision Land dreams get boost as company pitches major development
Cordova Realty plans mixed-use buildings six to eight floors tall in city's northwest
Shane Magee · CBC News · Posted: Feb 06, 2020 6:02 PM AT | Last Updated: 3 hours ago
https://www.cbc.ca/news/canada/new-b...ment-1.5454756
Although this is a good summary, the article doesn't tell us anything we didn't already know.
Quote:
Originally Posted by NBNYer
I don't know, seems like the type of development that could cannibalize a lot of downtown growth potential.
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I agree, this is a risk, but this really depends on how quickly Cordova intends to build out their Mapleton Park Place project.
Cordova has a
lot of irons in the fire now, including Mapleton Park Place, all the land they purchased on the Twin Oaks Drive extension (also planned for apartment buildings)
and The Current (the 10 storey two building project planned for where the Chocolate River Station is in Riverview). Cordova can only do so much at any given point in time, and I fully expect build out of their Vision Lands project may take as long as 15-20 years.
If progress on these Cordova projects is spread out long enough, this shouldn't act as an impediment on densification of the downtown core. I also think that downtown living appeals preferentially to certain demographics (empty nesters and young childless professionals). I'm confident that as long as the city keeps on working on improving the amenities in the core, that residential development and densification will follow.