09-02-2017, 08:32 PM
(09-02-2017, 11:11 AM)panamaniac Wrote:(09-02-2017, 10:56 AM)urbd Wrote: This is the key point. I heard from someone in the development industry (and involved in the bidding process) that the latest market analysis supports a 10-12 storey building at most. This is due to everything that is coming in the pipeline: SIXO, Charlie West, 345 King, 100 Vic, and a number of other Downtown projects that haven't been announced.
I don't necessarily disagree, but the scale/height of the bolded projects will also be subject to market conditions, including whatever develops at the Hub. Time will tell, but even with a lengthy staging period, I'm sceptical that SIXO's towers, for example, will be of the height originally suggested.
No one really knows everything that hasn't been announced yet, but there is no doubt that there will be substantial supply of condominium space built in DTK over the next five years or so. The transit centre is further out than that, though -- and the critical point is that it's very difficult to predict the demand for the condo units in the core (rental units not listed above, and that market does tend to be distinct).
On top of that, I recall that the transit centre is proposed to have office space -- and that's something that we might well be running low on five years from now, as there are no major commercial projects (bar whatever SIXO will have) announced in the core.