Quote:
Originally Posted by Ricopedra
Back to Baydo: there are a few examples / directions this 25th St. development could go, and why they might feel so emboldened to spurt this shit onto the landscape: "They did it, why can't we?" sort of low-balling.
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When a new office building goes up, like the ones at River Landing, it forces the others to "up their game" to stay competitive for tenants. This helps ensure that buildings like Saskatoon Square are kept in good condition, and there are a lot of other tangible spin-off benefits too (such as competitive pricing and rental rates, an increased push for "Class C" buildings to convert to residences or hotels, and the availability of appealing incentives for buyers/renters).
It would be nice to see evidence of this kind of process here, in a residential context. As you say though, these buildings will fit right in with their neighbors like Parkville Manor. If I were a new renter in the area, I might not see much of a difference between these new buildings and Carlton Place across the street, say. With little to outwardly differentiate the buildings, maybe I'd choose this Baydo development (hypothetically!). After all, it would be the only new rental product on the market in the core.
So maybe a lack of competition is part of the problem here. As opposed to the scenario that plays out in the office market, Baydo doesn't need to offer anything better because the bar has been set so low and there isn't anything out there to upstage them. For example, if these were condos, they'd be up against 2nd Ave Lofts, River Landing, The Banks, etc., and I'd expect them to be spectacular failures. But as rentals, all these really need to do is be on par with the walkups and commie blocks in the area. Maybe they do know their market then, in a sense? I don't mean to defend them at all, because the status quo they're pushing is really pathetic, and I don't think that Baydo is even capable of offering anything better than this, but maybe there is a sad logic to it along these lines. Now don't get me wrong --- I completely support the development of affordable rentals, and 364 more apartments here will be great, and beggars can't be choosers, and it's not my money on the line, and how important are aesthetics anyway, and etc. etc. etc., but this development is out of step with the progress suggested by many other recent projects and proposals, and I think it's worth asking why.
Along those lines, I also wish there had been a public consultation process. I walked by this site last night and saw the hoarding they've built along the sidewalk. It looks like there's a portion of the hoarding built to eventually host a large billboard, presumably of renderings of the development and sales information. Is that all the consultation the public gets, haha?