The RBS building architect recently bragged in an article in the Advocate that the building he designed would be "will be a city unto itself" no doubt referring to the many amenities enclosed like a bank branch, a cafeteria, gym, & rooftop garden. In other words, RBS is designed to function entirely independent of its surroundings in Stamford.
This of course is not unique, you need only look to Stamford's numerous office complexes nearby to see their contributions to downtown vitality comes in increments quite small in comparison to their size. Downtown vitality or “street life”, the idea of people in public going in and out of buildings, whether for an express purpose (live, work, shop) or just to hang out (recreation, entertainment) fosters a more interesting environment and has a variety of benefits including increased safety business . Developments may be the vessels, but people are the real currency in downtown vitality and different kinds of development bring a better return on investment against street life.
An article in the Calgary Herald, found way of the Making Places blog, points out that students are among the stronger participants and some of the best ROI for this type of vitality.
Just a note - "post secondary" is what chanuks call schooling after high school.
Post-secondary students are great generators of urban vitality, not only because of their numbers, but because of their lifestyle.
Student schedules mean they are in and out of classes at different times of the day, so they can hang out in nearby cafes, bookstores, shops and public spaces almost anytime, any day of the week and any month of the year -- especially on urban campuses, where there are evening and summer classes.
Contrast this with office workers. They generally only work weekdays and have to be at work by about 8 a. m.
They are let out for an hour at noon, and leave for their homes for the day about 5 p. m.
But most post-secondary students don't have to go right home after work to deal with kids and dogs, so they are more apt to stay downtown and socialize.
Post-secondary students are predominantly young and restless. While they are concerned about clean and safe places, they are not as paranoid about this as some condo and office workers can be.
In fact, their increased presence at all hours of the day and night will make downtown safer, which in turn will encourage others to venture downtown.
The more people there are, the safer downtown becomes and the more vitality there is.
This is why
a bill recently passed in the State Senate that will require UConn to study alternative uses for its Washington Blvd. parking garage is import. The garage, prone to flooding and at the end of its lifespan can be rebuilt as a another single use parking structure, or it can be re-imagined as some combo of dorm, classroom, retail space. The parking needs of the school could easily be designed into the new structure and UConn could subsidize parking in either the Target or Summer St garages during construction. Additional classroom space or student residency options increases the presence of a demographic beneficial to downtown that would not arrive via office complexes or luxury condos. In a state with issues of youth flight it could also help establish more young adults in the area.
The article also mentions some interesting ideas to incorporate student housing into new developments.
What does all this have to do with condos, you ask?
Well, I am thinking that perhaps some of sites purchased for condos would make good student residences sites.
I think a creative developer might want to strike an alliance with one or more of the downtown post-secondary schools to build student residences.
I also think there might be a market for buildings which have private residences on the upper floors, with student residences in the lower ones.
As the condo market cools, it may be beneficial to developers to consider incorporating student housing as somewhat of a guaranteed fill. It also helps deter creation of what the article describes as a “high end ghetto” of luxury condos, offices and stores with little street life accessible or interesting to “ all ages, backgrounds and wallet sizes”.
Downtown does not need to become a campus, but like any successful portfolio is needs to diversify in order to sustain itself.