Quote:
Originally Posted by bridgeoftea
If this comes to pass, I hope that spruce up and fix up the parking lot around the strip mall and Tim hortons. It could use some fixing up, reducing the potential of cars driving all over the place and the lumpy and bumpys.
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That parking lot is horrific; it reminds me of some kind of minefield or WWI no man's land.
If you watch the presentation, it shows that the underground parking is huge and sits under both larger buildings and the space between. I don't think we should be too upset at the remaining above-ground parking.
I also really like that small shared green space between the two buildings. Maybe the images are generous, but it looks like a nice public space for the residents along with the rooftop spaces. Let's hope that if someone buys the land and plans, they don't pull a Percy and cheap out.
I was also reminded that both the Sobey's and RBC lots are not owned by the REIT. I am still holding out for a future new grocery from Sobeys like FreshCo, but with the RBC now vacant since their move to East Point, what do we think will happen there? I don't recall seeing it up for lease or sale, but my memory is not perfect. Hefty property tax bill on that building to keep it vacant long-term.
I also caught up with the Hyatt hotel segment from the PAC meeting, and it lacked any useful insight. One of the members of PAC implied it wasn't a good location for a hotel and asked them why they chose it. The proponent's CFO could barely answer the question and blurted out something about the airport and vacancy rates. Maybe the huge refinery across the street might be relevant to a long-stay hotel? Sometimes I feel like I could give a more convincing speech for these projects, and I only follow them for fun! What I did learn is that Hyatt itself was very interested in this location and initiated this opportunity, which is a good sign. It sounds like they were previously considering a pure residential opportunity, which I don't think would be a great fit. The brief speech from Spitfire Design was as inspiring as their architecture.