Quote:
Originally Posted by bomberjet
^Yeah there's a huge parkade in the podium of SkyCity. 700 stalls from what I can tell. Think we went through this recently. So they'll have two parkades right next door to each other.
Edit: https://www.winnipegfreepress.com/lo...260372621.html
Although that article is a couple years old, it notes the 700 stall number. In another article, it notes the St. Regis parkade as being 290 stalls on the top 4 levels. So that's ~1000 parking stalls Fortress plans on building in the same block half block. |
I was under the impression that this new parkade displaces the original one underneath the tower. Glasshouse was supposed to sit on top of the parkade as well but costs separated the structures.
Considering the slow revenue generator that a parkade is, I can't imagine Fortress would bother to build any more parking than this parkade.
So, for the height nerds, this thing is getting shorter.
Quote:
Originally Posted by WolselyMan
So let me get this straight, Wolf. Because the parkade is located in a lifeless neighborhood, that justifies reinforcing it's lifelessness with no CRU's, because their won't be anyone around to bring business to those units? Even though the whole goal of Centrepoint was to bring people into the area in the first place? So what if the CRU had to remain vacant for a while. If TNSE had any faith in the whole development that they were funding, they would've assured themselves that a tenant would be found eventually. But now thanks to their laziness, we have a spot that will always remain vacant, because you can't put anything there to begin with anyways.
There's a fine line between pragmatism and cynicism.
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I don't think you're getting it.. Real estate is one million percent pragmatic... it has to be. The risk is too great. Little things like this can stop major projects. You don't ever build something you expect to fail, and in the case of Longboat/AX, they definitely wanted CRUs in principle, but it didn't provide the economic confidence required.
You can spend a lifetime become a multi-multi-millionaire, and one speculative project and one lawsuit can ruin it all. The problem is you cannot anticipate all the struggles and challenges, so if you CAN identify a challenge, you solve it or avoid it. This particular risk is easily weathered in stronger markets, but unlikely in Winnipeg towards Ellice.
"Build it and they will come" is a very whimsical and situational phrase, and requires all the right pieces to be in place... including location, location, location. There's a reason they say it three times! And that's a suboptimal location NOW, never mind years ago, before the increased momentum downtown and the jets. Specifically that it's on Carlton going north makes it less optimal. Hargrave is still a majorish route into downtown from the West end or exchange, hence why Tim's and the Merchant are THERE, not in the parkade.
I think it's ok for the City to reasonably demand developers to make helpful moves to the area, but not to assume more risk. It's quite rich to have people with no skin in the game to cynically increase the risk of developers, who are already bearing a huge risk... few things are more crippling than a struggling real estate investment. It's not their job to do everything for the "life" in the city, especially when it's of little gain there.
Also, the point of Centrepoint was to make money, and to help the Arena. That's not a bad thing. Increasing density and bringing people there is a very welcome byproduct of a good project.
Also, TNSE is not lazy. Many in Winnipeg viewed their huge addition of office space to our downtown as leasing suicide. They're working exceptionally hard. However, that was an effort that they considered to be more rewarding.
Quote:
Originally Posted by Jets4Life
This parkade/tower is NEVER going to get built. It amazes me that any other forum/comment section that is discussing SkyCity, the consensus is that nearly 100% of people with common sense can see through it. It's never going to happen, which brings me to two observations.
1. Why are there shills for Fortress on this site? I was under the impression that shilling for a particular company was against forum rules, but I could be wrong.
2. A vocal minority of some of the regular posters is hell bent on seeing SkyCity built, common sense be dammed. All you have to do is investigate the company and realize of all the projects they have proposed in different Canadian Cities, they have built absolutely nothing. To the impartial forum member, the conclusion would be NO skyscraper, and NO parking lot built (at least not before 2027, unless another company is allowed to take it over).
I wish people would stop drinking the kool-aid, and do some research on this company. It's never going to happen.
Fortress should pack their shit, and get the hell out of Winnipeg.
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Nobody wants Fortress to do anything unethical, which hasn't happened yet. If the project proceeds it will be very beneficial to the city.
I've talked to a number of smart people who are thinking it's going ahead, as well as smart doubters. Chances are only going up right not though.
As far as shills, some people are just big fans of certain projects, just as some people are unnecessarily aggressively against it.
Quote:
Originally Posted by optimusREIM
Dogmatically insisting it WON'T be built could be construed as being on the "Kool-Aid" as well. I would remind people of DCondo which just topped out which wasn't supposed to make it off the ground either.
And who cares if the investors have common sense or not? It's not your money, if it gets built then we have a sweet new tower for our skyline. IF not, we just had a damn good discussion for the last four years. Can't we just have our fun and speculate without having to bash our faces into the desk and crying repeatedly, "I get it! I get it! It's probably not gonna get built!"
If the thing gets built then it'll be the best 6.5 million the city ever spent or whatever the figure for that incentive is.
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Well, Dconcdo got smashed at the bar and will only make it home because their friends are carrying them...
And for clarity, incentives are common in many cities, so we don't need to act as if this one is an anomaly. But it would be a well placed incentive IMO.
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