Quote:
Originally Posted by h0twired
Agreed. The lack of pedestrian traffic definitely killed the possibility of adding CRUs to the parkade, however had they been built they probably would remain vacant due to the sheer cost per sq ft coupled by the crappy location.
That said, lease rates are definitely the greater influence here as the Alabama Block was almost fully occupied prior to its demolition.
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I understand that the area may not be totally desirable to retail tenants right now, but isn't that why the city is investing millions in the area? if there are going to be all these public dollars available to private developers and for things like streetscape enhancements, developers should have to make these sort of investments (and really, adhere to things like OurWinnipeg) for the future. we want Hargrave (and other downtown streets) to be walkable and attractive in the next 10 years, right? so we should be planning for that now, not letting developers use current market conditions as an excuse to cheap out and build things that are going to be around for decades but are only built for present conditions.
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