Quote:
Originally Posted by Drybrain
I’ve been wondering about this—will the imminent changes cause a hiccup or slowdown in building starts as developers furiously retool their project to be just a little bit bigger?
Also mentioned at the meeting was the Promenade project, which will apparently still need to return to council with a revised development agreement. Given that the heritage house accident happened nearly a year ago, and there’s been no forward movement since then (publicly anyway) I’m starting to get a bit concerned about the future of that one.
|
I'm certainly seeing developers delay and rethink projects as they digest the implications for their projects of the proposed changes.
I have not done anything resembling an analysis of this one, but I imagine this one will go ahead as-is. The proposed Centre Plan changes for this site allow 40 storeys of height, but only 8.0 of FAR, which is what's already approved through the DA. So the developer could get extra height but not extra floor area - I can't imagine the math would pencil out on doing a building re-design to not gain any extra floor area.