Quote:
Originally Posted by eman
Losing the 10% affordable units should have been a deal breaker. In NYC,, developers hate having to provide affordable units because it brings down the value of the high end units. What they do to fix it is put the affordable units on low floors with separate elevators and entrances. I don't really agree,, but thats what they do sometimes.
Gentrification,, where are the advocates that should have been fighting for this?
The developers got off easy,, it hardly made the news at all.
I am guessing 300 Main won't have any either. 300 Assiniboine? None right? When was the last affordable unit built? Portage Place?
|
Affordable doesn't mean luxury at a discount. People pay top dollar for units higher up so of course the developers aren't going to sacrifice their cash cow for units they'll take a loss on.
One logical way for a developer to mitigate the cost of having affordable units is to make the building seem like two separate buildings. All psychological but it would seem to have the desired effect. Makes perfect sense.
As far as gentrification goes...? What does gentrification have to do with virtually anything built in the downtown core? That's the idea, after all.
And with all that said, the entire city is built out of affordable units. There's no shortage of places for people looking for a homestead on the cheap in Winnipeg. In fact, our problem seems to be a lack of luxury units.
We're not New York city and if we ever get the problems they have there then Winnipeg won't be anything like the city it is now anyway. I certainly don't lament the lack of cheap housing in a brand new build.