ProjectEnd
Superstar
We're actually losing far more Class B and C space than we're replacing. And not just at Yonge and Eg - it's happening across the city (eg. Consumers Road Business Park, where a new secondary plan is in the works to defend the area from exactly this sort of condo-replacing-of-existing-office-space). That fact also happens to disprove your second (completely unfounded) statement: that 'someone will build them.' Simply put, no, new Class B and C buildings are not being built and for a decent 'market based' reason: construction costs are similar, yet the rents one is able to receive for the lower-rated spaces are less. This is precisely why such older office buildings are such a vital piece of the urban puzzle. They exist already and are able to offer space to businesses which can't afford to locate themselves in more recent, Class A buildings. Beyond this, there are also environmental arguments for the embodied energy these buildings contain vs. demolition and reconstruction as well as the aforementioned fact that replacing all of this existing office with new condos creates the same sort of monoculture that we've seen fail so spectacularly in the suburbs.
I'd be fine for you to leave all of that complexity alone however and defend (somehow) your prior claim that these 'nasty buildings' are all filled with 'fraudulent businesses.'
But yeah, "sign of a healthy city" or whatever...
I'd be fine for you to leave all of that complexity alone however and defend (somehow) your prior claim that these 'nasty buildings' are all filled with 'fraudulent businesses.'
But yeah, "sign of a healthy city" or whatever...