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Originally Posted by LeftCoaster
Holborn has exactly that. Ideas.
Execution? Not so much.
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Seventeen years of not getting a proposal together that's developable isn't the sign of a competent company. It's not like there have been any policy changes since they bought the site. They still have to replace the SRO, but can have market housing to compensate, and they might get a bit more if they retain the heritage facades of the Dunsmuir Hotel. There's a lot of potential commercial density they could have built, if they'd wanted to, but they've missed the office demand for the last market cycle, and there are several hotels now proposed which would be ahead of anything they might contemplate. Like Little Mountain, and their W Hastings undeveloped rental building, it's weird how the years go by and they just sit on the assets.
In retail terms, I'm sure you can't reveal what might replace Nordstrom yet, but do you have any sense of how long we can expect to wait before there's news?