Quote:
Originally Posted by esquire
Reading between the lines of the WFP story, the massive size and renovation/demolition cost of the building may be the only thing keeping the store itself afloat.
The good news that the store can't really shrink any further... it's gotten about as small as a Bay can get, unless it just becomes an online shopping pickup point, or something like that.
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The article is pretty lazy IMO.
They have a few people quoted (anonymously) that the building needs to get demo'd or that the giant floor plates aren't redevelop-able, lack of windows, mechanical systems are the shits...
Well duh. I think anyone with a few brain cells bouncing between their heads would realize that the building would need all manner of modern upgrades in any redevelopment scheme. And no one is going to redevelop that building with the current floor plates intact.
The only real items of significance in terms of the building are it's size and the exterior facades. The building floor area will need to get reduced, and the exterior facade will need to stay intact.
I think we all know what that ultimately means. It's just too bad that the "reporter" in this case couldn't have talked to anyone who (judging by the quotes in the article) isn't some near-retiree taking a brief pause from yelling at the clouds.