03-09-2022, 08:57 PM
What incentivizes building towers on top of "heritage" buildings? This, Circa, Q Condos, 21 Weber St, etc.
I get that heritage designations (or the risk of it) makes this the path of least resistance, and I actually prefer it over outright losing the few worthwhile buildings we have. But why are these properties so often chosen for redevelopment? Surely the many parking lots, empty lots, or completely forgettable buildings should be incentivized for redevelopment first?
I get that heritage designations (or the risk of it) makes this the path of least resistance, and I actually prefer it over outright losing the few worthwhile buildings we have. But why are these properties so often chosen for redevelopment? Surely the many parking lots, empty lots, or completely forgettable buildings should be incentivized for redevelopment first?