Quote:
Originally Posted by gjhall
Why do you say that?
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The site will likely end up as mixed use (office, residential and retail), and since the demand for office space will likely be low for the next decade since there are millions of square feet U/C, the fact that there are already many condo proposals waiting in line and that Brocolinni is not a big player in the condo market (they build as contractors, but I can only recall "The Slater" as being their own) and finally, the retail market is seeing a huge boon that limits any new possibilities from this point on (Outlet in Kanata, Bayshore, Lansdowne, Rideau, maybe St-Laurent; I think that’s enough to catch up with Ottawa's supposed lack of retail).
Furthermore, the city will be using the north-east corner of Albert and Lyon as a staging area for the subway project.
Although Alterna is vacating the building in 2013, so who knows how long Brocolinni wants to keep the site empty. I doubt they would try to find a tenant for the building.
But that’s just what I rely don’t know. Let’s wait and see what happens.