Quote:
Originally Posted by HarbingerDe
The fact that developers virtually always build to the exact height limitation of a given zoning area, suggests they are not being permitted to build to the needs of the market.
|
I've said this before. It seems odd that the city has been so restrictive on height, even before the housing crisis, but especially now.
From a labour/materials standpoint, once all the site prep, etc., is done, adding more floors should be relatively painless for the developer since you're just doing more of the same, and you've already got a crane and crew on site.
The number of building lots is finite, especially on the peninsula where it makes more sense to densify the population, so in a city where growth is showing no indication of slowing down in the foreseeable future, we should be making the best use of these lots. As a side benefit, it allows there to be less of a threat to those heritage properties that are ripe for the taking as good/easy building sites dry up.
Furthermore, if developers are willing to go higher, then why not let it happen? They are taking the risk of having empty units (not likely to happen anytime soon), so why not let them decide the best business case for building capacity and add all of those extra units into the market that could at least give us a shot of supply exceeding demand, and the resultant market price adjustment?
It makes no sense to me that the city is placing arbitrary limits on densification of the peninsula. Even if they are concerned about infrastructure capacity, that's just an engineering solution away, as water supply/wastewater capacity, electrical, etc. can all be increased and costs will eventually be resolved by the increased tax base (not to mention the coming property tax rate increases). Road capacity can't be increased, but then we could have improved transit options, plus more density will mean that amenities can be supported by the population such that the downtown could be more walkable or practical to get around by cycle. LRT, or at least more buses, could be possible as well.
Anyhow... this has become a bit of a pet peeve of mine. Every time I see a new rendering on this site, or a new completed building, it hits the magical 7/8 floor number, and I see another lost opportunity. This from a city council that lauds itself as being progressive, environmentally aware, etc etc... It's frustrating.