Editorial:
A towering transformation
THE LEADER-POST APRIL 12, 2012 9:54 AM
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It might be a bit of an exaggeration to say that downtown Regina has risen from the ashes in the past decade, but there's no question its revival has silenced much of the old pessimism.
News this week that yet another office tower will be built continues the transformation of the heart of the city. From new businesses to new residents living in luxury condo developments, downtown is vibrant and growing.
Few would have predicted such a bright future 10 years ago. In 2002, many Reginans were wringing their hands in despair at a downtown that seemed in irreversible decline. "Large tracts of empty storefronts and two former department stores (The Bay and The Army & Navy) are sitting empty," was the bleak summation of an editorial in this newspaper at the time.
The steady flight of retailers to surburban malls, closure of movie theatres and the failure of the Galleria shopping mall had many questioning what kind of future downtown had. The only bright spots at the time were the continued strength of the Cornwall Centre shopping mall and Casino Regina.
Of course, the challenges of reinventing downtown weren't unique to Regina. Other cities have had to deal with the reality that big-box stores, malls and movie theatres in the suburbs are irresistible draws that have forever changed people's shopping and leisure habits. Downtowns just had to fight harder for their "market share".
Playing a key role in that fight locally has been the Hill family dynasty. With more than a century of development experience, it has given downtown the iconic Hill Centre Towers I & II that straddle the Frederick W. Hill Mall, Canada Life Place, Century Plaza and other buildings. Its most recent project, the $100-million, 20-storey Hill Centre Tower III - the soon-to-be head office of Mosaic Potash - is nearing completion at 12th Avenue and Hamilton Street.
This week, the Hill family's Harvard Developments announced plans for Agriculture Place, a $50-to $60-million office tower on the 1800 block of Hamilton Street. Construction will start next year on the building, which will be adjacent to another Harvard-owned tower that houses Farm Credit Canada.
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