NateTheUrbanist
Active Member
I just hope it's proposed 80-storey height can be kept.
I think this is correct, there is a market for it here, but it also needs to be done well. Unlike some places, people here are not going to pay premium prices for something that is not.Hospitality loans are going to be a lot easier in 2023 since we’ve been back to normal for almost a year now and it’s proven that tourism is returning. With the proposed Hyatt hotel on Jasper turning into apartments there’s still demand for another hotel on Jasper Ave. I hope when it comes to residences they can design them better than sky residences. Legends condos did a good job and that’s why the Jw and Encore are a lot more bright than stantec. People have that kind of money here it’s just not like Toronto where you buy what’s available and are satisfied. Here people can get something a lot nicer for the same price range. Which means you have to put actual quality in their designs. Im assuming during this waiting time they’ve been watching what’s gone right and what’s gone wrong with these new buildings downtown.
I think this is correct, there is a market for it here, but it also needs to be done well. Unlike some places, people here are not going to pay premium prices for something that is not.
JW and Stantec have a very good location, but this building would have even better views which would appeal to some. There aren't too many locations available any more with such river valley views.
Sorry IanO,, I meant Toronto's CN Tower and Skydome. Both of those were built on the edge of Toronto's downtown.The.CN Tower and Rogers Centre started out as some distance from Toronto’s downtown core.
A few blocks away from a big convention centre would seem to make total sense for a hotel. Visitors are not going to be as hung up on perceptions of east of 97 St as a no go zone as locals are.3 blocks away. In other cities, this would still be considered as the very CBD core.
Yes, its a conundrum. Development would make the area more attractive, but there is hesitation to develop in the area because it doesn't have much else now.Not as sterile as you might think if this tower and the adjacent lot church can be built. As per the 3 blocks reference, that is how close this future tower would be from center of our CBD while CV would only be one block away.