Quote:
Originally Posted by borkborkbork
It seems like it has the same problem as many new builds: Vacant ground floor commercial.
I know mixed use is really important and ground-floor residential units in that neighbourhood are probably a tough sell... but what are the chances of those CRUs actually getting leased, let alone leased by the kinds of tenants that make the building an attractive place to live?
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I live about 100m to the North and man, there seems to be a new moving truck with a young couple or young family moving into the neighbourhood everyday. My suspicion is the neighbourhood is quietly gentrifying and I can foresee the neighbourhood hitting a critical mass in the next 3-5 years. The city seems to agree since they assessed my home value $50,000 higher during the past assessment.