Quote:
Originally Posted by esquire
^ So is the seasonal nature of Corydon the reason that the Exchange is growing while Corydon has been a bit stagnant? The Exchange doesn't get the peaks and swells that Corydon gets on summer weekends, but there is a steadier year-round presence there.
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Who knows, really. The Exchange has come and gone as a popular destination for most of its second life so I wouldn't be considering anything a structural shift until it's managed to sustain itself for more than a few years at a time.
But there area a couple differences between Corydon and the Exchange:
1) There's an abundance of commercial space in the Exchange making all of it cheap. This has a lot to do with why these stores are sustainable at the moment. They'll have to stay cheap to address the seasonal nature of Winnipeg or get very good at moving items online. Corydon is only a couple blocks of one street.
2) The West Exchange - where most of the renaissance is occurring - is almost entirely devoid of residents. The East Exchange is more or less dead
because of the residents. Commercial development and residents don't mix. The one case in the West Exchange where a bar tried to extend a patio was immediately shot down by the residents and any success in gentrifying the community will kill all future commercial development in the way people have grown to enjoy it. This is Corydon in a nutshell but the Exchange is a decade or so behind at the moment. When slumlords owned illegal triplexes up and down McMillan and Jessie they didn't care what happened and their renters had no say. But when people started buying those houses to live in, that was the end of it.
One thing they both have in common is that, like Corydon, 'Downtown' is trendy at the moment and areas move with the times. That goes for pretty much everywhere. 10-15 years ago downtown wasn't fashionable because the trends favoured other aesthetics. Von Dutch trucker hats and $400 7even jeans did well in places like Bar Italia because Corydon represented an inner city suburbia. Today the trends are towards things that are better represented by 'character'-driven, dirty, downtown environments, but that will change too. It's sort of notable that eChildren is one of the only stores in the Exchange that never turns over. The rest will go out with their clientele. There was once a decent retail presence on Corydon too.
There's sort of an irony in the whole thing. These stores have to cluster in order to attract the suburban shopper who can park their car and walk. But clustering in an area means that rents go up, available parking goes down, and now you have suburban clients who think twice about driving downtown to do any shopping. At the same time, you end up with residents who fall in love with the area when they're younger, move into it, then mature and want all the disruption to go away. We really saw Corydon go through a full life cycle between the early 90's and the mid 00's. We're starting to see some of it with Osborne Village. And we'll see the same with the Exchange. Neighbourhoods have interesting life cycles. I'm curious to see what happens with Sherbrook.