Quote:
Originally Posted by blackjagger
An increase in height would have allowed for a design that includes some setback, similar to Charlesforts Lisgar proposal. Why are we forcing developers to build to the extremes of the lot instead of allow height in exchange for less bulk.
Cheers,
Josh
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Josh,
To clarify, are you suggesting that imposing height restrictions is forcing builders to build to the extremes of the lots in order to ensure that their projects are profitable and worth their investment? If so, I agree.
My concerns about this project, as an investor, is location. I've walked those blocks of Bank street many times, and they are not always very appealing. Hopefully the area cleans up further, but with the drug clinic a couple of blocks away, I don't foresee that happening anytime soon.
Mind you, the Domicile building is in the same 'zone' on Cooper, and seems to be doing well. I'll have to look into how well that building rents to confirm my concerns. Any others on here with such facts?
Other than location, this project looks pretty exciting!