Disraeli
Active Member
It might be cheaper to assemble lots but that’s only because the development potential of the lots are limited by the land use bylaw. The difference between lots zoned for say townhouses and a lots zoned for higher density can be hundreds or even thousands of units. That is why having higher density zoning as a means to disincentivize a developer buying up heritage parcels to redevelop isn’t a reality because the economics for demolishing increase exponentially when the FAR, density and height limits allowed in the bylaw increase. If you combine that with a hot market like you see in Vancouver and Toronto, it translates into a lot of lost heritage buildings (and also impacts affordability). It's why municipalities have schemes such as density transfers to help save heritage buildings but they have limited effectiveness.My only counter to this is that the cheaper the lots, the easier it is for a single person/company to acquire multiple properties and assemble them into one large parcel for redevelopment. The higher the lot price, the higher the barrier to entry for redevelopment. We'll probably have to wait ten years or so before we know which one of our perspectives is the correct one.
the DC in place right now isn't preventing those lots from being developed. Those are still primed for re-development with the Green Line coming up.What are the impacts of empty lots and used car dealerships? Inglewood has like 3 blocks of actual character on about 10 blocks of 9th ave, the rest is extremely under developed.
I think chopping off a couple floors is the right answer, faux historicism is not..