Quote:
Originally Posted by jollyburger
I was watching the presentation for the McCarthy Plaza site and they said Tower 1 was around 63 stories. Tower 2 (54 stories) 3 (45 stories). They said the other phases are 50-100 years out due to tenant leases. Tower 3 might go up to 51 stories with density bonuses.
https://pub-burnaby.escribemeetings....ab=attachments
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If I had to put money on it, I'd bet you that some of those long-term lessees will get bought out or come to some financial agreement to get new leases and tenant space in the new development when its built out.
They include both the RBC and TD bank branches on the plaza across from the London Drugs.
TD bank also had a branch on the old Station Square on the other side of Metrotown that was similarly a long-term lease, but they eventually came to an agreement for new space in the new Station Square once it got built out (Tower 1 podium)
So I could see a similar thing happening here especially when you start to see a run on your foot traffic business thanks to all the construction activity from the phase one construction next door.
Makes one wonder how much of an effect the Concord Metrotown construction is having on something like Uncle Wily's restaurant's business.
They still seem like they get quite a few diners there from the couple of times I've passed by.