Quote:
Originally Posted by s4.audios
I think the failure is much less the widening of the road and greatly due to the desirability of the area.
The idea really isn't that much different than Century Park, just a lot worse part of town, unfortunately.
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i think you nailed it - it's a lot more than street width...
it's the single/two storey frame cr@p across the street view to the north if you're a retail or townhome or podium tenant along with the question mark as to whether they will ever get redeveloped or whether they will end up with a heritage designation...
it's the railroad line view to the south if you're a retail or townhome or podium tenant that's now the back side of a blast wall.
as you go taller, you get a great view of the railroad line and two industrial parks, some retail roofs and the yellowhead trail east and west...
people don't want to live in a tod because it's a tod. they want to live in an attractive community that is easy to access because it's also tod.
the thing about tod's is that each and every one of them by definition is directly competitive with each and every other tod (including downtown). why would anyone choose station pointe over century park and all of the others?
the only attractive differentiator you can create is in price and pricing is so competitive elsewhere already that there's virtually no way you can develop cheaply enough based on what you have to sell for in order to be able to sell. that's why it's still being considered a "new community" two decades after commencement of the project.