King-Victoria Transit Hub

[SF22]

Out of an abundance of optimism, I emailed the property management company for the Kaufman Lofts, asking whether they had considered building a parking garage on their property and revamping the recouped space to develop new townhouses/commercial/office space along Victoria Street, particularly because the transit hub has no commercial areas built into the plan (and also because it's an utter waste of space considering it's directly across the street from KVTH). Response I received:

This is not something that can be address as this would cost the condo owners in Kaufman millions to do, not to mention the logistics to both condos. It is not something the boards are willing to look into at all.

So that's disappointing, for sure. I am curious if a third party will eventually approach them to purchase the parking lot space and develop it, with the clause that parking will be provided for the loft tenants.

They would need to do a deal with a developer whereby the developer would build a parking garage on their existing parking lot (and hand over a bunch of cash in addition) in exchange for the Victoria St frontage property. If it's an attractive enough a proposal, I'm sure their board would consider it, and take it to their owners for approval.

That's sort of what I was thinking. Feels like it's only a matter of time before the money is too good NOT to develop it anymore. Every other spare corner in DTK is getting something built on it, someone will come knocking on their door eventually.