Quote:
Originally Posted by halifaxboyns
What concerns me about this project is what has been going out here in Alberta for the past 10 years during the booms. A lot of what I saw with rezonings was that they would go after something huge, with great renderings and big hype...then nothing would happen. They did it to boost the value of the land and then when they got the right price, they'd sell the land and move on. The new owners would then try to do even bigger and it was just a big cycle that went bust and took down one of the biggest developers in Calgary. What I worry about is this is all smoke and mirrors to get more money out of the land to sell it.
On the flip side, the fact they went with condos fully - is a great idea for downtown. I think we all agree that the downtown office market is virtually none and so to build a huge number in the downtown would be great! I can only guess that this development would easily bring somewhere in the realm of 2,000 people to that site. Big numbers.
Personally, I think if they wanted to get this approved in a way that you could ensure the heritage people wouldn't be able to make a big fuss, put it on Agricola or Gottingen Street. The rampart heights don't apply there and that's where they always point and say put the tall buildings - so fine, play their game. Then when they argue bloody murder, you just say 'well hey, that's where you told us to put them, so we did'.
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The siteline from inside the rampart applies in a 360deg sweep around Citadel Hill. This point is taken from 5ft. off the ground at the centre of Parade Sq. inside the ramparts. No building shall be visible from this point.
Agricola or Gottingen would be a tough sell for both the developer and HRM. All surrounding buildings would be 2-4 storey wooden structures....not a good fit.
If U/G is serious let them post a $2,000,000 performance bond. If they don't start construction by Jan. 2013 (not land speculation city 2014) then $10,000 a day is siphoned out of the performance bond account until they officially start construction. If they lose the entire 2 million then it gets split up between heritage, affordable housing, city improvements etc. $500,000 would stay in a special heritage/urban development account.
Because the building design is so out of the box it would lead me to believe they aren't wasting time on a serious proposal.