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Originally Posted by someone123
Do you know how long the remediation process is expected to take? Are they planning to begin construction as soon as possible?
This plus the MET/Diamonds projects would be pretty major for Gottingen Street. I guess they're likely to have around 200-300 units in total. I think the biggest problem with the commercial part of Gottingen used to be quite simply that there weren't enough people within walking distance (with enough cash) to support many businesses. During the past 10 years or so construction around the street has partially resolved this problem. I could be wrong, and locals may have a very different opinion, but my impression is that the neighbourhood's character remains largely intact, and that what's happened has been more of a filling in than displacement of what was there previously. Having some subsidized units in the new developments will probably help with that. It would be good to have storefronts and commercial spaces to help locals start up businesses. New development creates opportunities for these sorts of neighbourhood amenities.
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Not sure on the timeline for remediation work, but I know they are working fast. In part because the buyer isn't footing the bill, but has some arrangement in the purchase and sale for the seller to cover the cost up to a certain amount. At the rate they are going, I can't imagine it taking more than a couple of weeks.
The MET/Diamond is about 250 units. I agree that to date there has been little impact on the neighbourhood. For all the talk about displacement, almost all the development on the street has been on vacant lots so no displacement has occurred. We are at the point that this is changing, with commercial rents increasing and this will certainly impact the social services in the area. But the small scale, incremental infill over the past 20 years has been positive. Part of the hesitation with the MET/Diamond is the more drastic change and the impact on those working away at small scale improvement. If you start drastically increasing heights, you encourage consolidation and this is when real displacement will occur here.