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Originally Posted by headhorse
developers not making enough money is not a reason to approve bad designs. developers need to be more creative. have ground floor units that are easily convertible between residential and commercial use, depending on demand. they're only putting ground floor parking in these developments because it maximizes profit and the city isn't stopping them. no street downtown should given to developers as a public driveway for their parking garages.
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Quote:
Originally Posted by buzzg
Nailed it.
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Well, not really nailed it.
Let's assume that these developers have money, or access to it. There is substantial risk in getting creative because it can drain you. One project, and either your pockets or reputation, or both, are drained. If risk and creativity aren't yielding appropriate returns, they'll go build a sure thing with less risk elsewhere. Or go to a different city and get higher returns for a safer project.
Ground floor residential is not particularly desired in downtown Winnipeg, which hasn't quite shaken its "dodgy neighbourhood" status. Or most urban neighbourhoods. Furthermore, tenants don't go to spaces unless its VERY well designed to their needs. Similarly for residential units. These don't convert well at all and it would cost a lot more to make that flexibility feasible. The compromise isn't a selling feature to the end user.
By all means, this is where creativity is required, but it's never that simple.
Quote:
Originally Posted by buzzg
They could build this building as is but flip it so the first 2 storeys are commercial and top 2 are parking. Infinitely better. People keep mentioning that there's no market for these commercial spaces, when this is predominantly a commercial building – it's not what's in the building that's the issue, it's where it is in the building.
I'd be willing to bet most tenants would rather be on the first floor than third floor above a parkade anyway.
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Retail tenants? Yes. Office? Hard no. Plus it also rents for less, so developers don't have the incentive.
Quote:
Originally Posted by DowntownBooster
Such a short-sighted decision to end the TIF program. If the goal is to get more residents downtown, why end the program? Density downtown is what we all want. The long-term benefits are worth the investment by government.
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Hopefully it's just to temporarily slow the supply down. Maybe it's reactivated in a couple years?