01-09-2022, 08:06 PM
(01-09-2022, 06:05 PM)danbrotherston Wrote:(01-09-2022, 04:45 PM)tomh009 Wrote: The Manulife property is about 10% bigger than the old bus station block.
Kaufman Lofts parking is very large because they have no structured parking. Developing that might not be so simple though given that it's owned by the condo corporation.
It's worse than that, it's owned by 100s of individual owners.
But money solves a lot of problems. If the land is sufficiently valuable, they could probably convince 2/3rds of the owners to work through a sufficiently non-disruptive plan.
That being said, while I like big developments, I think there are tons of smaller parcels. Like, most of Charles St. is parking...these I think are the real opportunity if only we can eliminate the obstacles to developing these kinds of things.
Turns out that where I live (condo townhouses), the parking (which is immediately outside my unit) is actually exclusive-use common area. I don't know how Kaufman is set up, but it may be like that, so that only the condo corp needs to be convinced, which is easier.