Bay street condos are mostly full of rich Ugg boot-wearing undergrad students whose parents would pay anything for them to live in a building with a doorman and those 30-something cubicle types who inundate you with conversations about all the planning that has to go into their upcoming wedding at coffee break. Not exactly the "get-up-and-go" crowd.
[/stereotyping]
You've nailed me to the tee, well except for the rich parents, 30-something, doorman, wedding plans, boots (don't even own boots), and cubicle parts. Other then that, you've described this Bay corridor dweller nearly perfectly.
Unsure if you were being factious or not, I’ll just point out that residents in this area are not as ubiquitous as you make them seem.
From my experience, the best retail on Bay is the Second Cup, Devil's Advocate and anything on Yonge or at Bloor. Not every street has to be lively and I think Bay does a great job of accommodating pedestrians (except for retail gravitation). Case in point - super wide sidewalks and all weather-protection covering along the entire stretch once Murano and RoCP2 are complete. The shops offer very little as far as invitation, unless you want a coffee, orthopaedic brace (sign me up!) or government publication.
Urban Shocker is partly right, though. Once you go up the elevator you're home and it is essentially a residential place. But how is this different then Erkshin, Redpath, St. Clair or Queen's Quay? It's not. There are a lot of options close by to shop/hang-out/dine. As has been mentioned, Bay St. is so close to Yonge, the Village, Bloor & Yorkville, Little Italy and access to every other section of the city. It works in that regard, with extra-wide sidewalks to (ugg)boot.