Quote:
Originally Posted by mcj
From the DH article:
This isn't good for a downtown core immediately adjacent to Surrey Central Station, a few blocks away sure this would make sense given the current market. However, Surrey as a municipality should be thinking longer term than the contemporary market environment.
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That's easy to say when you're not the one forking up the bucks to pay for it.
(And I don't mean "you" in particular, but more in the general sense).
It's a question the City has to answer whether it's willing to sacrifice ready and available (...and willing to move forward) developments with much needed housing, just because they lack the necessary office (or other zoning) component to fit their long-term vision,......
....or to find, or try to reach some compromise with the developers.
A similar project we worked on not far from this one, the city was fine with the developer switching several levels of office they had previously proposed into hotel and some (more) housing in their podium as the hotel fulfilled the "commercial" requirement for the zoning.
But not every developer is going to know a Hotelier to partner with to make such a switch, much less even those that would be willing to do so even if they did and could make the switch.
Mixing hotel and residential is always a tricky prospect and a lot of developers prefer not going down that route.
Quote:
Originally Posted by mcj
Needs something besides purely residential and a single floor of retail. At least if you're going to have an above ground parkade to keep costs low, wrap the outside with flexible space that could be used for restaurants or other entertainment uses.
This is directly between Surrey Central Station and their new "entertainment district" to be. Making this block a multi-storey wall of entertainment would be an actual forward thinking move for the city and would count towards the non-residential uses required for the site.
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I don't disagree with you for the most part in principle, and there are ways that one can get creative to deal with how to fulfil these requirements without killing the projects outright.
Remember that even switching to hotel doesn't guarantee a projects viability even in a centralized "downtown" location like this.
Hospitality is a very seasonal business and you might not want to deal with that kind of flactuation in revenue.
I would hope both sides would be able to reach a compromise to enable the project to move forward, because at the moment there is a current need in the market that does require to be fulfilled.
I think at some point in the future the office market will recover enough to make a lot of these kinds of mixed use projects viable again - just maybe not to the same levels as before.
I see a lot in the news with companies and employers (adn even the governments) demanding more and more of the workers return to in-office work, from the remote work format that mostly killed the office market post-pandemic.