Quote:
Originally Posted by Biff
I am not commenting on the design of this building but curious as to why this type of project doesn't ever seem to be in the cards for Winnipeg.
For reference the Sutton Place project is 21 and 15 storeys with 288 hotel rooms and 130 units of apartments/condo's (whatever they are going with now).
Similar scope projects, but always short in this city.
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I think one of the main factors that drives height is population. While there are obviously a ton of factors like construction costs, market rents, and interest rates, one factor will be more population = greater financial justification to build higher.
The Nashville Metro is more than double Winnipeg's. Take a look more locally. How many 100 meter proposals do you see floating around for Quebec and Hamilton, which are closer to Winnipeg's population than Nashville? I'd say we're seeing similar levels of development compared to our Canadian peers.
It could also be that here in Canada, much of the development community is waiting for anticipated decreases in interested rates and/or housing accelerator fund subsidy programs to begin operating before heading to the drawing board.