Quote:
Originally Posted by FarmerHaight
The terrain may end up being a blessing in disguise. It is well know that the modern approach to CRUs (mainly, build them large enough enough for a bank branch or a chain restaurant) is not amenable to small, local retailers and restaurants. Perhaps the grade forced the developer to build small enough to avoid the same-old tenant mix (bank, Starbucks or Blendz, Subway or A&W, etc.)?
(BTW, this is pure conjecture without consulting floor plans or having any idea of the $ per sqft.)
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The modern 'mixed-use' retail approach is actually pitiful 900-1300 sq. ft. CRUs with no anchor tenants and no back-of-house space. Typically dropped onto a high street where there was better commercial space before.
This project will be similar, thought at least some of the units will have mezzanines. Decent chance we get a whole block of bubble tea shops and physios, when it could and should have been one of the best blocks for retail/entertainment in the city (still with towers above). But city hall made the developer prioritize shoving a bunch of social housing into the podium instead - so downtown residents don't even get to enjoy the 1/2 blocks fronting high streets for commercial life. We get the leftover space comprising around 1/3rd of the 1/2 block. This is one of the worst offenders in treating "retail frontage" as a box-checking exercise, instead of looking at the actual functionality of the space and ensuring provision of appropriate quantity + quality. A whole block of Robson, and the retail experience just never entered the equation.
Developers are ok perpetuating the myth of retail spaces being too big - so they can get away with slinging urbanity-killing garbage to strata investors. You can barely fit an A&W in a typical 1200 sq. ft. unit (remember that's the size of a condo!), let alone a bakery or any independent F&B establishment that actually makes things on-site.