junctionist
Senior Member
The property values aren't there to justify the additonal costs of underground parking or off site warehousing. Too often urbantoronto can't see past their idyllic dreams and accept that reality just isn't there yet.
The Mini Dealership on King made use of the parking lot next door (site of Victory Condos)
We want to see great city building. A lot of effort has been made to restore and repurpose great heritage buildings and the area is much cleaner today. Being close to downtown, it seems like the area is undervalued. Sometimes, you just have to take the lead, instead of relying on the belief that the market is bound to make an underinvested area expensive in a generation or two.
It's not just a matter of the market, either. There's no culture of selling cars in North America beyond the suburban lot format and chain grocery stores assume a greenfield business model of building a cheap structure and a surface parking lot on some suburban lot and then look for ways of having the same format in the city. It doesn't mean it has to be that way.