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Originally Posted by beyeas
I just hope that it doesn't have the fate of most "proposed developments" in Halifax... which is to say that they tear it down to avoid the taxes, propose a development, say you can't do it any time soon though, and leave another hole in the streetscape for years to come.
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It's very hard for me to believe that it isn't possible to make money off of this site by tearing down the building then putting up four floors of apartments along with a storefront. There's a market for 100 expensive apartments at Hollis and Morris or hundreds of condos in Dartmouth but not 12 apartments on Barrington?
I think part of the issue is that we've mostly seen elaborate office proposals for the downtown area when most of the demand is for residential. Dozens and dozens of routine residential developments have quietly been completed all over the peninsula during the past decade. The sad irony is that residential would be a more effective way to improve the downtown.
I am hoping that we'll see some of the small Barrington projects move forward soon but it's been a while. Very little has changed - after 20 years the street is still basically treading water.
The city also needs to change the tax structure so that there is no advantage to tearing down buildings.