Quote:
Originally Posted by scryer
Yeah, I'm kind of on the fence about all of these major retail projects going on. Brentwood is a few stops away, and so are other major retail centres. And people already go to Metrotown these days so it's not like they're introducing new stores to a population that was depleted of them. These malls are going to have stiff competition with each other for shoppers. I understand that there are residential components with these projects but those units are just being sold to Chinese investors, and we know how often they live there.
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Smart investors won't leave their properties stay vacant. They will rent them out. It is simply not true that majority of condos are sitting empty. Perhaps some of those ultra-luxury ones are, but most mid-range units are still occupied. Mixed transit, commercial and residential developments bring vibrancy to an area, as in the case of International Village, Metrotown, Richmond Centre and even New West Station.
I like the retail structure being envisioned in the Brentwood Town Centre neighbourhood. By congregating the stores to commercial nodes, it makes shopping easier without having to drive so much. More CRUs also mean more types of services, retail outlets and restaurants can be found in this neighbourhood. I only see positive results here.