Posted Apr 25, 2008, 5:53 PM
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Join Date: Jan 2007
Posts: 839
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^ as the building currently stands you might be right.
But if condos are built behind Lister I think that 600sf could be brought down to $249 easy. It would need to be a tower of about 11-15 stories. If built as one project the units would be warrantied. This tower could include the parking for the whole complex. The arcade of Lister could be converted into the condo's amenity spaces (ie convention spaces, workout area) and perhaps some retail if there is any market for it. Ground floor would be a good location for a bank.
The condo project would need to include the entire site. Parking would need to be built above ground in a mixed use parkade with condos above. There is no likely way to excavate underground parking without compromising Lister's structure. Underground parking would be cost prohibitive anyways. An architect with real design skills would need to be hired to pull this off successfully.
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