They've touched on the issues for sure. The double whammy of high vacancy rates and people working from home have caused an issue for downtown businesses. Not just here but probably other cities as well. On recent visits to Ottawa I've noticed that their downtown these days is a complete ghost town, even more than Calgary. The Byward Market which can usually be counted on for some life, is also kind of a ghost town these days.Businesses in downtown Calgary are being crushed by the weight of empty office towers, high parking prices and crimecalgaryherald.com
For those that are downtown either living or working, this is no surprise. However it does confirm that even without COVID closures and restrictions for an extended period of time, retail & hospitality businesses are still struggling. Surprising that there is no mention of how many empty street front spaces there are in the core, and even in the Beltline, that were once occupied by a store or restaurant. The writer seems to meander a bit, for example talking about the event center being a possible savior. Personally, I don't think that is going to do anything for businesses in the downtown core.
New arena won't help make the grounds more vibrant. Some restaurants might spring up and be busy before event nights but why would you go down to the grounds unless they're able to make the grounds a destination? You're surely not going to pay to park around the arena to go have a generic experience you can have in any strip mall restaurant. Playoffs would be different but you cannot rely on that.The new arena will do jack for empty retail spaces in the core, it might help the immediate area ever so slightly. We already have an arena, and the area around the Stampede grounds is a dead zone.
A paragraph in the middle of that article caught me eye...“We need a catalyst, a demand generator, an anchor of some sort," says CBRE's Greg Kwong of downtown Calgary's struggling west end.calgaryherald.com
The Herald is giving a lot of attention to downtown this week. Some interesting data about office vacancies.
I feel like that is a bit misleading of a term. I would sure use a lot of stuff if others were to give it to me for free. Like a boat for instance. Doesn't mean it is demand.... or a good idea (the boat, not sure about post secodnary)Not demand as conventionally characterized: someone out and shopping for space.
Demand as in, if someone was to pay for space for them, they would occupy it usefully!
They just seem like a more obvious partner with the city and province to do something with some downtown office space. Granted not nearly what the other institutions mentioned would bring. But just can't forget about BVC.What kind of synergies are you thinkinbg about?
Plus it’s at a station nexus and has a built-in food court and winter garden already. It would be the perfect tower for it. Despite the awkward floor plate, you’d have enough space for larger lecture or lab spaces along with smaller spaces all on each floor.It would be nice if one of the post secondary institutions took up a downtown towers like the Nexen tower. I use Nexen as an example because it's mostly empty, and sits right beside a park.