09-22-2017, 04:54 PM
(09-22-2017, 04:36 PM)creative Wrote: Is there the demand for mixed use? Wouldn't the developer propose this if demand was there? No developer will want to sit on unsold empty mixed use space. Are mixed use spaces owned and managed by the condo corporation or purchased as condo properties to be used by the purchaser or leased out by the owner? I agree entirely with the idea of mixed use at ground level in these new developments but should they be forced on the developed if there is no demand?
The demand may not pay for the added complexity in construction, policy, insurance liability.
Worse, demand for housing may simply be great enough that one floor of housing has a higher ROI than of shops.
Moreover, even if there wasn't demand, maybe they *should* be forced. Even if there is little demand, there are great benefits to the community to having mixed use on King St. Demand could be lagging.
Capitalism is not guaranteed to have good outcomes. We should use it when it makes sense, but not rely on it without evaluating the situation.
I am also curious as to the ownership and management of retail spaces within a condo building.