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Originally Posted by Drybrain
There are a whole bunch of these proposals to bankroll major restoration projects with new builds at the moment: Elmwood, Waverley, Victoria Hall. Hopefully whatever happens on Barrington with the Dexel properties skews more in this direction than facadification. It's great to see; hopefully these all get built.
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Add to that the moving and restoration of the buildings for the Promenade Robie South project, and a few others like the
James Doull house (not sure of the current status), and things seem to be turning in the right direction.
To my mind, just to see projects like these proposed as being viable is an indication that the thinking is starting to change, as it was not long ago at all that the default process would have been to just level these places and put up a featureless box in its place, because... business plan.
I also hope that the Barrington properties don't go the 'taxidermy for buildings' route... but I will say with these other projects that include restoration coming online it will probably provide some momentum for new projects to move more towards restoring the historic building and building new around it... hopefully.
Quote:
Originally Posted by Drybrain
A little leery that a looming recession could put the brakes on some of these, but on the other hand, the housing demand isn't going anywhere, so there should be a market regardless.
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I think this is the key point. The projects should move forward because of demand, though if finances become tighter there might be less of an inclination to do quality restorations and higher-end finishes on the new construction.
Interesting times.