Quote:
Originally Posted by retro_orange
More residential square footage doesn't equate to more residents though. Many single family homes in this city have one or two people living in them and are the size of small apartment buildings yet there's often couples that live in bachelor suites in buildings like what are being redeveloped. I'm also quite skeptical of the retail units being taken immediately as that sector of high end new retail spaces off main streets is not panning out.
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No, although as the unit count is pretty much the same, and there's more residential area, I wouldn't expect fewer residents than are there now. The no doubt expensive, larger apartments are presumably aimed at potential local house owners who want to stay in the neighbourhood and sell their house. (That would, in theory, free up a house to be occupied by a family). Who knows if that's actually what happens, or whether it's wealthier new residents to the city, or the area. It's not densification, just replacement of older, poorer built 1950s housing.
I agree about the retail - maybe we'll see some interest in the area with a critical mass of new development, but I'm not sure that area is short of dental offices or nail spas.