Posted Dec 22, 2012, 5:36 PM
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Fossil fuel & rubber
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Join Date: Feb 2009
Location: Ontario's feel good town
Posts: 4,031
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Portage Place has retail? Oooook...
I used to do ALL my xmas shopping exclusively at The Bay/PP because it was so easy for me. But even with my simple tastes and limited shopping needs there I had to go elsewhereas there is almost NO selection and it is all so run down it is downright depressing. And in case you haven't noticed, two grocery stores have closed in the core area recently and the Bay is just a mere prescence with almost nothing to offer.
My point is that the general impression of the downtown is that it is still on the decline. I know that there is a great deal of effort to change this and the answer is always more residential as has been seen elsewhere. But my question is will those with $$$, retirees and empty nesters see an investment in this desireable in a downtown that really isn't there yet? I'm not sure but I hope for success.
I'm also coming from having just witnessed a good friend going through the process of /wow urban condo great idea/bought pre-construction/great honeymoon period/gee the common areas are deteriorating quickly/contact condo board/do some research/wow building is almost all renters/gotta get out of here/whew thank goodness it sold/.
That tends to colour one's opinion a bit.
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