Quote:
Originally Posted by jonny golden
I always cringe when I see that large ocean of asphalt. I know it would be a major undertaking to see it developed, as it's typically full of vehicles during business hours. Any project would obviously have to include a major parking structure, which possibly could include sub-grade levels.
There is huge potential here, but unfortunately I don't know if we'll see anything happen with it.
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I recall reading somewhere that the city had changed the rules or made rules concerning underground parking structures. I would imagine this has made it easier for developers to build their buildings footprint to take up most of a land parcel.
I think evidence of this would be the apartments on Weldon.. Gordon.. Highfield.. all having more underground parking than surface level.
Same goes for 20 Record St..
I am unsure of Tannery Place's underground parking capacity but imagine it substantial.
One would think that this will also benefit Ashford in the supposed huge developments coming for Assomption parking area.
I would imagine they can have a few underground levels.. and even some above ground parking structure.. above and behind any street level commercial occupancies.. and then they can put 8 or 14 storeys of building above all that.
Potential for great income stream for the landowner here.
The only thing that would preclude Heritage Properties from building something substantial on their ocean of parking at Albert & Foundry.. would be the proximity to the rail line, and the pesky 30m buffer that now comes with that..