{"id":8,"date":"2015-05-28T16:48:00","date_gmt":"2015-05-28T16:48:00","guid":{"rendered":"http:\/\/rf.podcastfixit.com\/index.php\/2015\/05\/28\/city-core-needs-back-to-basics-strategy\/"},"modified":"2015-06-04T21:34:53","modified_gmt":"2015-06-04T21:34:53","slug":"city-core-needs-back-to-basics-strategy","status":"publish","type":"post","link":"https:\/\/newscoverage.org\/index.php\/2015\/05\/28\/city-core-needs-back-to-basics-strategy\/","title":{"rendered":"City core needs back-to-basics strategy"},"content":{"rendered":"<p><b>By Robert Frank<\/b><\/p>\n<div><a href=\"http:\/\/www.sqft.ca\/\">www.sqft.ca<\/a>Montreal urban planners and real estate developers need to move swiftly to plug some long-term gaps, advised Richard Highland. Flourishing condo construction has made it easy to reside downtown, but the modern infrastructure needed to sustain the flood of inmigration simply hasn\u2019t been built.<\/p>\n<p>\u201cIf you can\u2019t live and work in the city core, it won\u2019t work in the long run,\u201d cautioned Kevric\u2019s ceo. \u201cToronto has woken up, and Montreal needs to do likewise.\u201d<\/p>\n<p>\u201cNot one new school has been built downtown,\u201d he observed. \u201cEveryone agrees that we need them. We need parks, police and fire stations too. The question is: Who will pay?\u201d<\/p>\n<p>Toronto belatedly responded to short-sighted downtown condo development by investing its land development revenue in an infrastructure fund. For Highland, it\u2019s like pulling a page from the past.<\/p>\n<p>\u201cOnce upon a time, urban planners set aside land for schools, parks and churches. Places for families,\u201d he recalled, \u201cand the institutions that turn districts into communities. Far-sighted developers realized that they had a stake in residents remaining downtown.\u201d<\/p>\n<p><b>Renovate, replace or remove<\/b><\/p>\n<p>Hollow-out is another risk that Montreal needs to address without delay.<\/p>\n<p>\u201cDuring the first two months of this year, we\u2019ve seen more activity in Mile End than in all of 2014,\u201d Hyland reported. \u201cIt\u2019s easier to develop there than downtown, which is dominated by older B- and C-class buildings. The capitalization rates in the city core makes it hard to justify development.\u201d<\/p>\n<p>\u201cThat risks making Montreal uncompetitive,\u201d he said. \u201cWithout enormous capital injections, everyone will flee to modern buildings in the suburbs, turning the inner city into a ghost town of empty buildings.\u201d<\/p>\n<p>Hyland suggested that the city reverse this trend by supporting renovation to LEED standard\u2014the way that it already does for new construction.<\/p>\n<p>\u201cIt\u2019s incredible how mixed-use LEED buildings end up consuming way less energy than our estimates,\u201d he enthused. \u201cThey use almost no energy.\u201d<\/p>\n<div style=\"text-align: center;\"><i>Note: This report first appeared in the Spring 2015 edition of Canadian Real Estate magazine.<\/i><\/div>\n<div style=\"text-align: center;\"><i>\u00a0<\/i><\/div>\n<div class=\"separator\" style=\"clear: both; text-align: center;\"><a style=\"margin-left: 1em; margin-right: 1em;\" href=\"http:\/\/1.bp.blogspot.com\/-QOWNsBC_En0\/VWdG41vD7XI\/AAAAAAAACpQ\/spwhkK1VmpQ\/s1600\/Montreal_-_QC_-_Skyline.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/rf.podcastfixit.com\/wp-content\/uploads\/2015\/05\/Montreal_-_QC_-_Skyline.jpg\" alt=\"\" width=\"320\" height=\"206\" border=\"0\" \/><\/a><\/div>\n<div style=\"text-align: center;\"><i>\u00a0<\/i><\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Robert Frank www.sqft.caMontreal urban planners and real estate developers need to move swiftly to plug some long-term gaps, advised Richard Highland. Flourishing condo construction has made it easy to reside downtown, but the modern infrastructure needed to sustain the flood of inmigration simply hasn\u2019t been built. \u201cIf you can\u2019t live and work in the<\/p>\n","protected":false},"author":1,"featured_media":2466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>City core needs back-to-basics strategy - Newscoverage<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newscoverage.org\/index.php\/2015\/05\/28\/city-core-needs-back-to-basics-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"City core needs back-to-basics strategy - Newscoverage\" \/>\n<meta property=\"og:description\" content=\"By Robert Frank www.sqft.caMontreal urban planners and real estate developers need to move swiftly to plug some long-term gaps, advised Richard Highland. 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