David A
Senior Member
Yes and I believe lower interest rates which are happening will soon be the financial incentive needed for more to happen. Other things to enhance downtown would help a lot too, but those are not financial incentives.
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- Thread starter Daveography
- Start date
IanO
Superstar
When the COE and EPS et al decide to actually commit to making Downtown safe again, things will change. It's a very questionable proposition at the moment and subpar from any other Downtown in Canada. When will we stop accepting what we have now as acceptable? It's not.
cmd uw
Active Member
Demand isn't really the issue here. It's tied to other factors - cost of capital, cost of construction and market rents.
David A
Senior Member
No, demand is always the issue because it drives prices to cover the costs. And subsidies are just a shortcut to create an artificially higher price for sellers when buyers really do not want to pay more.
cmd uw
Active Member
You're obviously not in real estate development.
David A
Senior Member
If I was, I wouldn't build or sell at a loss either. I can understand industries wanting incentives as that benefits them financially. So in that regard I am unbiased, as opposed to some here.
There is a role for subsidies where needed, for instance affordable housing for low income people, but I have concerns about more general subsidies at this time.
fromyeg
Active Member
Address: 10155 - 94STREET NW
10159 - 94 STREET NW
10175U - 94 STREET NW
Planner Description: The City has received a rezoning application from DIALOG. The current zone is the Mixed Use Zone (MU h85.0 f8.0) and the proposed zone is still the Mixed Use Zone (MU h150.0 f13.0) but with a higher maximum height and floor area ratio. The proposed zone would allow large scale mixed use development up to a height of approximately 42 storeys (150 metres) with a maximum floor area ratio of 13.0. The maximum tower floor plate would be 850 square metres and there would be optional non-residential uses located at ground level. In the Central District Plan, the site is located within the Centre City.
Status: In Review
File Number: LDA24-0421
Interesting rezoning proposal.
Not sure if anyone knows anything about this site or what the chances are that a project moves ahead here in the next few years.
Would be fantastic for the area to get something built and get so many more people living centrally.
10159 - 94 STREET NW
10175U - 94 STREET NW
Planner Description: The City has received a rezoning application from DIALOG. The current zone is the Mixed Use Zone (MU h85.0 f8.0) and the proposed zone is still the Mixed Use Zone (MU h150.0 f13.0) but with a higher maximum height and floor area ratio. The proposed zone would allow large scale mixed use development up to a height of approximately 42 storeys (150 metres) with a maximum floor area ratio of 13.0. The maximum tower floor plate would be 850 square metres and there would be optional non-residential uses located at ground level. In the Central District Plan, the site is located within the Centre City.
Status: In Review
File Number: LDA24-0421
Interesting rezoning proposal.
Not sure if anyone knows anything about this site or what the chances are that a project moves ahead here in the next few years.
Would be fantastic for the area to get something built and get so many more people living centrally.
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Kosy123
Active Member
Wasn't this the kinda insane tower proposal for Boyle Street? This makes it more legit hopefully (especially if DIALOG is involved)
IanO
Superstar
Kinda sorta, not really.
I believe this is more of a seniors and E4C type of project.
I believe this is more of a seniors and E4C type of project.
EdmTrekker
Senior Member
GREAT views from a tower there - nothing to obstruct from the south, east or west.
bodsbods9090
Active Member
MacLac
Senior Member
42 storey seniors facility?
IanO
Superstar
I cannot exactly recall, but there is a significant component of that if I am not mistaken.
archited
Senior Member
Didn't this project already have a thread (an entry a year or so back). Regardless, happy to see it move forward and they must have a concept in mind if they are upgrading zoning. The site has exceptional views. This will also make the "Hat" people happy and maybe shift their thinking on their site across the street from Five-Corners Hat already built.
VaultBoy
New Member
I believe it's this one, when the Quarters was recently rezoned, Bala Balakrishran said his team was close to submitting a development permit before Covid, but Administration told him he will need to submit a rezoning application If his team intends to go forward with the development at that height. I may be miswording a but.
