CANCELLED Speed and Frances, west tower Uses: condo, commercial Address: 606 Speed Avenue Municipality: Victoria Region: Urban core Storeys: 12 Condo units: (loft, 1BR, 2BR) Sales status: in planning |
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[Burnside/Gorge] Speed and Frances towers | condos; commercial | 12 & 12-storeys | Cancelled
#81
Posted 21 March 2012 - 09:50 AM
#82
Posted 04 April 2012 - 06:20 AM
http://www.timescolo...8620/story.html
#83
Posted 04 April 2012 - 06:56 AM
The T-C is reporting that this project will now include one (oversized) storey of commercial and 9 floors of residential in each tower. The affordable housing component has been dropped.
http://www.timescolo...8620/story.html
Well... there goes the Burnside Gorge Community Association's support for the project I bet.
#84
Posted 04 April 2012 - 07:16 AM
#85
Posted 04 April 2012 - 07:17 AM
The T-C is reporting that this project will now include one (oversized) storey of commercial and 9 floors of residential in each tower. The affordable housing component has been dropped.
http://www.timescolo...8620/story.html
#86
Posted 04 April 2012 - 08:41 AM
I like the idea of more street front commercial and the walkway through to Speed street.
#87
Posted 04 April 2012 - 10:39 AM
#88
Posted 04 April 2012 - 11:02 AM
And the empty Cornell Chev-Olds, old ICI Paint store, and Pantry Restaurant in no way indicate an over-supply of commercial property in the area.
#89
Posted 04 April 2012 - 01:04 PM
#90
Posted 04 April 2012 - 01:06 PM
#91
Posted 04 April 2012 - 01:12 PM
#92
Posted 04 April 2012 - 05:50 PM
The article talks about one of the buildings remaining largely rentals which would help with affordable housing in this city.
I like the idea of more street front commercial and the walkway through to Speed street.
But you can't equate renting to affordable housing. They aren't one in the same.
The point was the developer was going to work with a nonprofit, but lost 50 units in the redesign.
To me that's two strikes in the wrong direction. Less units and less affordable (subsidized) ones.
#93
Posted 04 April 2012 - 06:08 PM
Dylan shouldn't you be at some sort of crazy euro dance bar?
I think he misses us.
#94
Posted 04 April 2012 - 09:50 PM
I wanted to find out more about the non-profit that was involved with this project but the TC article linked to from the first page of this thread with that information no longer works. :-(
#95
Posted 04 April 2012 - 09:56 PM
Haven't made it to Berlin yet. ;-)
I wanted to find out more about the non-profit that was involved with this project but the TC article linked to from the first page of this thread with that information no longer works. :-(
http://www2.canada.c...d9-8ab9444cc75f
#96
Posted 04 April 2012 - 09:56 PM
#97
Posted 05 April 2012 - 09:02 AM
But you can't equate renting to affordable housing. They aren't one in the same.
The point was the developer was going to work with a nonprofit, but lost 50 units in the redesign.
To me that's two strikes in the wrong direction. Less units and less affordable (subsidized) ones.
I personally think market rate rentals are a better way to provide lower rents than subsidized housing. There will always be a need for some people to have access to subsidized housing but it is not something that should be the primary source of new rentals. The more people that need access to subsidized housing the harder it is for the ones that really need it to get in.
With enough market rentals the rents in this city will not rise. We need a higher vacancy rate to keep rents down. We have had very few rental buildings constructed in this city in the last generation. Individual condos for rent do not cut it.
The buildings may not have as many units as before, but it will still be a higher density than more or less anything else in the area. At the moment we have nothing of significance in that location
#98
Posted 05 April 2012 - 12:54 PM
I am confused. Street front commercial on Frances Street? Why? I would suggest going residential townhouses all along bottom of the building. There is enough commercial space in this area unless there is some plan for Frances Street that I am unaware of.
Well, regardless of whether it's needed, there are currently no homes fronting Frances St., so commercial along the bottom would be consistent with the rest of the street.
I'm not sure how well a town home with a view of the Metro repair shop would sell.
#99
Posted 05 April 2012 - 01:19 PM
#100
Posted 05 April 2012 - 05:53 PM
Subsidized was never considered primary. It was in addition to market rent.I personally think market rate rentals are a better way to provide lower rents than subsidized housing. There will always be a need for some people to have access to subsidized housing but it is not something that should be the primary source of new rentals. The more people that need access to subsidized housing the harder it is for the ones that really need it to get in.
With enough market rentals the rents in this city will not rise. We need a higher vacancy rate to keep rents down. We have had very few rental buildings constructed in this city in the last generation. Individual condos for rent do not cut it.
The buildings may not have as many units as before, but it will still be a higher density than more or less anything else in the area. At the moment we have nothing of significance in that location
You have to qualify for subsidized in the first place. So it is there for those who need it/qualify.
The bottom line is we simply don't have enough affordable housing let alone subsidized!
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