Looking over the plans I have to say that this is a much improved concept when compared to the 2008 version. The 2008 version was predicated upon development trends from the early 2000s. The current plan is a reflection of current market trends, values and actual demands. So there's two decades of progress here, when you really step back and look at what was originally proposed and what's on the table now.
The high street concept along Esquimalt Road with four towers makes a lot of sense, and what's interesting is the new plan calls for not one but two hotel properties. Four condo towers will now emerge, two between the hotels, and two east of the rental towers above the roundhouse. 106,000 square feet of retail throughout the district is a lot.
The initial plan with the rail cars was a little hokey and I'm glad to see that concept never materialized. It had a look of a highway stop-over or a tourist attraction.
One thing I took note of is they cite their 1,000-units of rentals as satisfying 30% of rental demand in the urban core through 2030. I don't think they actually sourced the correct volume of current and planned rental inventory if they think only 3,000-units will be absorbed over the next ten years.