Quote:
Originally Posted by BodomReaper
What's with all the studio hate on these boards? Students and bachelors need places to live too. We already have all townhouses and single family homes catering to bigger households; there's no need for the government to tell developers they can't serve pent-up studio demand in apartment development.
Some condo towers are exclusively 2-bedroom, I don't see anyone trying to step-in and force them to serve singles.
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To be fair this tower was originally slated to be ENTIRELY studios and 1 bedrooms until council rejected it. And then the developer threatened that it would never go ahead... and look how empty that threat was.
The issue isn't with building studios and one bedrooms, the issue is that there are too few two and three bedroom apartments being built. The reality that families can just go buy a house isn't true anymore in Vancouver and our stock of townhouses that aren't way the hell off in Langley is well below what I think the future demand of people like me who are outgrowing their 1 bedroom apts but still want to live in the city. Since the developers can make more money from selling three studios instead of 1 two bedroom apartment, they have an incentive to build nothing but studios and it's up to our local governments to intervene for whats best for community interests. (Corporations are, after all, profit bacteria that only care about money making.)
In this case I hope the tower goes ahead. While 172 studios is still kind of bonkers (I would have liked to see more 1 bedrooms and more 3 bedroom apartments), 132 two bedroom rental apartments is nothing to scoff at. Also, as far as locations to build a boatload of studios, New West station with its connectivity to skytrain and local amenities makes a lot of sense.