Quote:
Originally Posted by Klazu
Why are they cramming so many towers in that area? I am startin to dislike how unnecessarily dense it's going to be. There are so many better lots where towers could be going up, like just west of Willingdon.
Beresford Street will have a better stepping in tower heights even though also it is becoming really dense.
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Because the owners of the current and former lowrises on that block were more willing to sell (read: cash in) more immediately than the ones west of Willingdon.
I suspect there's a fair bit of holding out for a better pay-out as long as the market remains hot, and that area is always going to be desirable for developers and future development, so if I owned one of those lowrises, I would probably hold out too.
In any case, the Beresford stretch where you're on is not an ideal or fair comparison since it stretches nicely from Imperial to Willingdon adjacent to the SKytrain line allowing for better spacing of the towers and more room to step down as you go further down south.
As for the Nelson-Marlborough block, it's a bit of an unusual situation in that's it's sandwhiched between the Park on the West and the edge of where the City will allow highrises (i.e Marlborough) before stepping down Eastwards begins on the East and also tightly between Nelson on the South and Kingsway/Bennett to the North. East of that it likely will only be midrises and new lowrises allowed, and the ROI for a highrise in this area (if you're a developer) is much higher than doing a nice midrise.
Plus, the city is probably getting lots of concessions from these developers (like having Nelson Avenue on that stretch get a facelilft at their cost), so why would they discourage it?