Quote:
Originally Posted by YOWetal
Easy to say but not a big demand for retail across from the shelter in a quieter corner of the market. The retail units they have aren't exactly high rent, and the last retail condo that was put up for sale took 8 months to sell.
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I see that comment as reflective of the "junior" state of our city when it comes to mixed use buildings. Urban Capital has learned, Domicile less so, that you have to actively and aggressively "sell" your retail space as much as your condos. This is the Byward Market, and the building itself will be something of a head-turner, so I don't buy the "hard to sell" brush-off.
Urban Capital is much more diligent now about personally approaching retailers (big ones, like Shoppers) and getting them to commit to retail space. You can't just build a storefront, put a For Lease sign on it and hope for the best. Domicile appears to still do this (although in their case, they severely restrict the types of stores they accept in their buildings). I mean, in the ByWard Market, you can practically go knock on doors to all the little independent boutiques and offer them space in this funky new building.
At the very least, you can design a ground floor unit to look like a store and sell it as a "live-work" unit, and let time work its magic. Eventually, it becomes a store.