03-28-2024, 04:36 PM
I guess one possibility would be doing the project in 2 phases. They could take down the existing buildings that go from the convenience store to the Slices restaurant on Water Street, build that and then let the LCBO and The Beer Store move into the podium there. Then, they could continue on by demolishing the rest of the buildings and build another tower closest to Victoria. If for some reason the units in the first skyscraper didn't sell as good/fast as they hoped, they could put it on pause and not have to kick The Beer Store and LCBO out until necessary. It would be an incredible economic waste to tear those buildings down considering they only went up fairly recently, not to mention the extreme environmental damage that construction (and demolition) does.
I'd feel bad for the rest of the tenants. Slices is a popular spot that has been here for a very long time. Something else opened up above it, too. Chances are neither of those businesses would be able to lease space in the ground floor of a new skyscraper project due to the high cost of leasing a space like that, so we'd probably get more globohomo corporate gentrified businesses opening up.
I'd feel bad for the rest of the tenants. Slices is a popular spot that has been here for a very long time. Something else opened up above it, too. Chances are neither of those businesses would be able to lease space in the ground floor of a new skyscraper project due to the high cost of leasing a space like that, so we'd probably get more globohomo corporate gentrified businesses opening up.