Quote:
Originally Posted by fredinno
Yaletown went bust because it ran out of land. Concord slowed its developments in Yaletown down and focused its efforts elsewhere, and other developers started building out Downtown South and East.
Other areas will eventually go bust when the development land runs out. It's pretty logical. Though, most are much larger than Yaletown once you remove the historical district (including Broadway).
Most of the developments before the Cambie plan had to go under rezoning, so it may be city tends to look at rezonings more under the microscope. 8 stories looks more scary when there's one 8 story building, than it does when there are 10 other nearby (or are supposed to be built).
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And most of what they got after Yaletown was spot rezonings. Come to think of it, Pacific Boulevard was also ex-industrial, like most of the other large parcels; redeveloping a residential/commercial hub like Broadway is definitely going to go much slower. Look at how long it took to make NEFC work.
True - maybe the Broadway developers should all get together and make a 20-storey district somewhere?