Quote:
Originally Posted by GenWhy?
For rental, Broadway sites barely pencil at 17-20 storeys. For sites bought recently I can't imagine how that'll work.
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Sites that were bought recently, will get stuck in land economics development hell where they have to either write down the land to enable a project, or hopefully the better land use timelines, lack of a need of so much consultation and a public hearing, and under control and predictable CACs, will enable them to go forward.
The mixed-use low rise and residential low rise designated areas of the broadway plan seem where the largest change will happen. Parcels where land assembly hasn't allowed sites of the size or with attributes (like alleys) the city has required in the broadway plan will benefit the most.
I think it will also be particularly useful to relax view cones, setbacks, stepbacks, and floor plate restrictions, or really any policy mix where multiple policies interact and bring developable FAR below the provincial level.