Quote:
Originally Posted by Migrant_Coconut
You hoped that they "don't kill the feel" and "keep the towers elsewhere," which in Vancouver usually means "don't build anything." Apologies for the preemption, but a simple "redevelop, sure, but don't go overboard with it" would help clarify your position.
We're not talking about underbuilding the mall though, we're talking about waiting a while. Guildford can develop the parking lots in the meantime; the other malls are also doing it in phases, not all at once.
|
...Didn't you say to keep it OV density?
Quote:
Originally Posted by Migrant_Coconut
The MTR pays Hong Kong for the land based on pre-railway values, they get the land, they sell it or partner with a developer at post-railway values. Methinks you're splitting hairs here.
It shouldn't be too hard to find. Try "Denny's" if you're really having trouble.
Again, I doubt TransLink wants a side gig as a landlord.
You DID start off with the rumours that TransLink's in the pocket of for-profit gentrification, and that's got a lot to do with the unaffordability of prior TODs. And not really - if you look at the MTR's website, even 9,800 square foot lots and 250-unit developments can turn a profit, which is right up the aforementioned 28-floor rental's alley.
There's a lot to unpack here. Bottom line, 104th would NOT have been six lanes, it would've been two lanes plus the streetcar, plus the newly-built 105th (also two lanes). That's not nearly enough for an Oakridge redevelopment.
As for Newton, the problem is that they haven't updated their neighbourhood plan. Nobody's stopping them. If the real problem turns out to be that they aren't a desirable location without a train, well, that's not really anybody else's fault.
|
MTR also gets over a billion HK$ in revenue from 'Rent, Management, and Other'
http://www.mtr.com.hk/eng/corporate/file_rep/PR-08-026-E1.pdf, and owns malls (
https://en.wikipedia.org/wiki/Maritime_Square). Same thing with Tokyo. Point is, diversifying into rental/commercial properties is part of the RE business models of other transit agencies anyways, and may avoid criticism from building unaffordable condos (Hong Kong RE, both rental and condo, is a bad target to set for sustainable prices).
https://vancouversun.com/news/local-news...ore-vehicle-lanes-on-much-of-104-avenue/
I thought you were referring to the post-Surrey First plan, in my defense.
Surrey First also planned a 2-lane 102-103rd Ave Arterial in the Guildford plan.
The Newton Plan is actually progressing at a similar pace as the Guildford Plan. Technically neither is actually in effect, yet (though they will be this year). It seems like developers are abiding by the as-so-far plans, ie. they're just one step ahead of the actual completion. Newton just is less attractive.