3:17 PM Jul 20, 2022
The retailers’ collection of large-scale sites, often located near public transit with just a single-storey building and large surface parking areas on them, makes them ideal candidates for development. The study looked at 65 sites currently owned or occupied by the retailers and found that 64 of them were suited to have mid-rise buildings, “a type of built form that has been largely missing in the city’s ‘tall and sprawl’ development patterns over the past few decades,” the study says. Using conservative criteria, just two of the sites were eligible for high-rise buildings. Forty-eight of the sites were deemed large enough to hold multiple buildings.
Source: Real Estate Daily Report (realestatedailyreport.net)
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