The ol' catch-22 of (infill main street) development: we all love to see it, few others than chains and financial institutions can afford the rentthis building is great, would love a ton of buildings like these in BIA areas. another street level bank though? ugh.
I would imagine it would have to - especially post-COVID. If 30 - 50%+ of retail goes under, particularly heavy in restaurants and food service, the already huge disconnect between retail sales and retail rental rates will be blown wide open into complete market failure and collapse territory (arguably already there in some retail districts).something is going to have to change, almost every commercial unit in Kensington Gate is currently empty
Lot-line-to-lot-line development without the need to consolidate parcels is a beautiful thing, especially when parking is zero or minor. Imagine if all our inner city had those rules as a starting point (and the economics to implement). Over time, we'd quadruple the density, make far more interesting neighbourhoods and probably avoid some unfortunately tower podiums.It's a fantastic project. I would like to see a few smaller infill developments like this in East Village to offset the block sized podium projects.
Agreed - but it could suck more. At least its lined up with the rest of the panels, and not mid-spandrel.