Date: 10/21/2005 5:06:03 PM Author: TheJerseyDevil73
I am pretty sure Stationlands will be built. Its a garantee. The only issue is when. I have heard about this project since last century... and even then it was said to be in ten years. Now that most of that time is up and downtown is booming with new life it should be a shoe in to break ground within 18months.
Stationlands is simply too large, too fast, too out of the way. Office clients looking for AAA space have far better spots to choose from. Melcor and Pro-cura are already position themselves for the next tower development by purchasing blocks of land on Jasper proper. If Stationlands is built, which is a very large if, it will be only when better sites in the core have been exhausted. I would much prefer to see plans such as Manulife II, Bell II and III, Commerce II, the Commonwealth Square lands, etc, dusted off.
Don't be surprised in 10yrs to see the 97th St. area and west be cleaned up and a new life enter that part of the city.
How the east Jasper area develops will depend entirely on what Mandel's task force comes up with. On major battle to fight is that there is a certain person whom through various numbered companies owns more than half the area and is just sitting on it until property values increase. This can lead to a real problem of stagnation. Much also rests on the federal government's decisions about the minimum security prison in the area.
