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By slodrive (registered) | Posted August 18, 2011 at 12:17:25 in reply to Comment 68183
I agree as well. I think this should be encouraged -- making the assumption that anyone willing to do it has performed the feasibility study that supply is met by demand and the area is conducive to dealing with it at capacity. Which any downtown, especially ours, is.
That image of the Cannaught, to me, looks pretty weak. A throwback to the '70s. That said, I'm betting that many of the high-rise condos on near Toronto's waterfront are going to be met with a similar sentiments in 20 years from now.
The buildings that stand the test of time don't seem to be built any more. The devil is in the details -- or lack thereof.
While it would never, ever happen -- the worst case scenario is what Detroit went through. Massive rush to build the biggest, baddest buildings - -much on the public dime - then no demand to occupy them. Hence an over 80% vacancy rate.
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