Quote:
Originally Posted by officedweller
I think the biggest issue with going tall is the cost to maintain and repair.
That's fine for a commercial building (including residential rental), but gets pretty iffy for condos where you have owners footing the bills.
As for empty lots, they culd be used for other temporary uses like parking or even a one storey retail building.
You can't force a property owner to undertake a potentially money losing enterprise (ie trying to sell or rent units in the DTES).
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If the developer doesn't think they can lease units in a building at a particular location, they should sell the site to someone who can. Westbank just finished a pretty big market and non-market rental building in the DTES. Wall did one in 2018. There's a market rental building just completing on the 100 block of Main Street, right across from one that was built in 2018. There's a new market rental building developed by Millennium on Pigeon Park - there's even a pizza place in the main floor. The completed buildings all seem to lease out just fine.
Holborn's lot is temporary parking, and was single storey retail before that, which they demolished. A surface parking lot is not what any area needs - let alone the DTES. It's not like it wasn't the DTES when they bought the site, or that it's going to suddenly dramatically gentrify. There's another market rental building just approved right next door to the Holborn site. What's the betting it gets built first?
(Just realised this is way off topic.)