Comment 79321

By Wellman (anonymous) | Posted July 08, 2012 at 07:15:37 in reply to Comment 79202

"Most successful downtowns have them"

But is it the egg or the chicken?
Most successful downtowns have a lot of things that Hamilton's lacks. Instituting them would not neccessarily transform the downtown into a successful urban hub.

If this takes place, independent of a mid-to-highrise residential development, my guess is that the store would be attached to convenient surface parking. My understanding, and it may be slightly off, is that underground parking is considerably more expensive to put in place than surface parking. The estimates I've seen are $30,000-$40,000 per spot. (My guess is that average is derived from some fairly sizable structures. Smaller underground structures might contain certain fixed costs without being able to realize the benefits inherent to higher-capacity structures.) A budget of $650,000, for example, would seem to cover maybe a couple of dozen parking spaces at best. As has been suggested here before, my money would be on a site between Hess and Bay, King and Main. (If that leaves a bad taste in your mouth, Danny's No Frills welcomes your business.)

Just out of curiosity, when was the last time a new building, residential or otherwise, was built downtown containing underground parking? I can think of a number of retrofits, but am having trouble coming up with a new example. Would it be the Century 21?

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