The Value of Investing in Canadian Downtowns - International ...
The Value of Investing in Canadian Downtowns - International ...
The Value of Investing in Canadian Downtowns - International ...
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small parks on to park<strong>in</strong>g lots, are now worldwide and were<br />
successfully undertaken <strong>in</strong> downtown Victoria.<br />
On larger sites there are also opportunities to <strong>in</strong>crease their value<br />
<strong>in</strong> the shorter term until the market conditions are <strong>in</strong> place for a<br />
large scale redevelopment, such as energy generation or urban<br />
farm<strong>in</strong>g. Copenhagen is a good example <strong>of</strong> the former,<br />
develop<strong>in</strong>g waste <strong>in</strong>c<strong>in</strong>eration plants <strong>in</strong> the city to solve the<br />
problem <strong>of</strong> the lack <strong>of</strong> space for waste whilst generat<strong>in</strong>g more<br />
energy for the city, and putt<strong>in</strong>g <strong>in</strong>ner city spaces to good use. <strong>The</strong><br />
BIG-Bjarke Ingels Group Waste-to-Energy Plant furthers this<br />
effective use <strong>of</strong> underutilized space by aim<strong>in</strong>g to create this<br />
95,000 square meter development, also Denmark’s largest<br />
environmental <strong>in</strong>itiative, along with creat<strong>in</strong>g a 31,000 square meter<br />
ski slope on the ro<strong>of</strong>, made up largely <strong>of</strong> recycled material. This<br />
ensures effective pedestrian connection <strong>in</strong> readdress<strong>in</strong>g the<br />
relationship between waste management and the public.<br />
Barcelona is a further example, requir<strong>in</strong>g solar energy sources on<br />
new builds, and with its creation <strong>of</strong> Europe’s largest sculptural<br />
solar panel (10,500m 2 surface area) <strong>in</strong> the Forum Esplanade’s<br />
promenade. Additionally out <strong>of</strong> adversity, the world’s largest<br />
urban farm (Hantz Farms) is be<strong>in</strong>g developed <strong>in</strong> Detroit by<br />
turn<strong>in</strong>g abandoned properties <strong>in</strong>to agricultural fields. Many large<br />
and underutilized sites could lend themselves to this type <strong>of</strong> use.<br />
Maximiz<strong>in</strong>g Use <strong>of</strong> Downtown Facilities<br />
A mix <strong>of</strong> uses <strong>in</strong>creases downtown vitality. Yet this concentration<br />
<strong>of</strong> activity can be even further strengthened by encourag<strong>in</strong>g<br />
downtown facilities to have multiple uses at all times <strong>of</strong> the day<br />
and night. Some examples <strong>of</strong> this were ‘<strong>The</strong> Atrium’ <strong>in</strong> Victoria.<br />
This <strong>of</strong>fice development <strong>in</strong>cludes a large atrium that hosts<br />
performances and has late night restaurants around its edges<br />
br<strong>in</strong>g<strong>in</strong>g people to the build<strong>in</strong>g well beyond 9-5. Similarly, some<br />
Toronto dance troupes have been f<strong>in</strong>d<strong>in</strong>g rehearsal space <strong>in</strong> the<br />
the lobbies <strong>of</strong> large build<strong>in</strong>gs. Another <strong>in</strong>terest<strong>in</strong>g arrangement is<br />
between Ryerson University and AMC <strong>The</strong>atre, where the movie<br />
theatres are used for both university lectures and to screen films.<br />
<strong>The</strong>se types <strong>of</strong> opportunities and partnerships could be more<br />
commonly considered to make better use <strong>of</strong> <strong>in</strong>frastructure, as well<br />
as add colour, <strong>in</strong>terest and activity to the core.<br />
PARK(<strong>in</strong>g) Day <strong>in</strong> Munich, Germany<br />
Urban Farms <strong>in</strong> Chicago, Ill<strong>in</strong>ois (USA)<br />
Forum Esplanade promenade, Barcelona, Spa<strong>in</strong><br />
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