Quote:
Originally Posted by VarBreStr18
TAB is becoming less and less amazing because of the inappropriate selection of retail merchants .... with food court/neighbourhood type eateries taking center stage, squeezing out truly first class restaurants. Proximity to transit alone is no longer enough to attracts buyers in this market flooded with presale developments.
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I think you're over-estimating what people look for when looking for places to live.
I'm not looking at a place to live because they have Saks, Bloomingdale and Neimann Marcus, L’Abattoir or Blue Water Cafe downstairs or across the street.
Most people don't mind taking the drive to downtown to visit those kinds of high-end places for a fancy night out and to treat themselves..
Most people looking for a place to live first and foremost primarily want convenience.
And with transit being a big part of that (and taken care of in this instance) you then consider things like proximity to groceries and food stores, drug stores, wineries and places to eat where I can take the family to eat for a decent (but not uber-costly meal) for those occasional nights when we don't have time to prepare dinner at home but also don't want to get dressed up to the nines on a school night.
TAB more than covers all these bases. Or at least it will when completely built out and the mall is completely refurbished an redeveloped.
And it's location and proximity to transit lanes and downtown, Metrotown etc, takes care of getting to places with more high-end needs when they arise.
Why people have this obsession with super-upscaling these kinds of residential projects to beyond the level of even high-end buyers in this market is beyond me.
It's a situation that's neither good for the retailers in question nor for the residents or the surrounding area - especially in a location that's specifically not planned to be that way.