COLLINS: The changing face of business
WE ARE SPENDING A LOT OF TIME these days dealing with change. Trying to determine the best way to tackle the homeless crisis, the rent and ownership crisis, the health crisis — and the list goes on.
Here’s another thing cities are wrestling with — the changing face of downtowns, how to deal with mass changes in philosophy regarding business and entertainment, and how to avoid the decline of the cores of cities throughout North America.
The cancellation this week of a 17-story office tower in the heart of Vancouver points the problem out clearly. This tower was to be the focal point of a major re-energizing of the Granville Street entertainment district. But the project has been shelved, throwing the whole redevelopment scheme on hold.
The owner of the land in question told the Vancouver Sun it’s a pretty simple equation. The demand for big office spaces just isn’t there right now, so putting up a huge office tower makes no sense.