Quote:
Originally Posted by Wigglez
Is there any word on that project? Seems that nothing has happened for quite some time so I'm guessing it's dead?
|
I think the issue might have been an inability to provide enough on site parking. In light of the RNDSQR development with only 24 stalls, and limited parking at Pump House perhaps the market has shifted away from a large parking requirement? If they are successful in lease up perhaps others may make an investment with little parking as well...
I’m on the fence, but am hopeful excessive parking is not required and a lifestyle change occurs in the area. There are 5 or 6 great development sites starting to rumble.
It’s very difficult to see through the fog of government subsidies to determine if these projects will be profitable enough to move forward. Inter generational money may not care and just plow ahead regardless as inflation is stirring in the economy. That’s why we are seeing so much bricks and mortar development lately I believe.
Threaded Mode