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Then add fees, servicing, soft costs, tenant compensation, etc. |
The Westbank rental building at Broadway and Alma is moving again. When it stalled out it was just about at grade. Now the first story is complete and they're moving on to the second storey above grade. I went by at night so I didn't get a good shot.
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Speaking of delays, demolition of the old Park Inn/Fairview Pub seems to have finally started. It had been fenced up for over a year after closing. I thought maybe there was an issue with the Skytrain construction, anybody know what happened?
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They say "Permit on hold due to the Broadway Subway Negotiations." I wonder if the BSP has some sort of exclusive/guarantied street use agreement with the City. In this case I wouldn't expect them to start demo until late this year. |
From the 2019 proposal
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Last August
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Social housing on that corner opposite from Oppenheimer Park currently used for temporary housing.
https://s3.ca-central-1.amazonaws.co...JPG?1705342974 https://www.shapeyourcity.ca/525-powell-st |
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https://www.linkedin.com/company/axi.../?feedView=all |
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Public Hearing – January 23rd, 2024
http://i.imgur.com/ZeO1mCul.jpg
https://www.shapeyourcity.ca/1890-sw-marine-dr http://i.imgur.com/5xvbJGnl.jpg https://www.shapeyourcity.ca/1055-harwood-st http://i.imgur.com/TgJdsFJl.jpg https://www.shapeyourcity.ca/3362-33...3347-clive-ave http://i.imgur.com/vI2RZhbl.jpg https://www.shapeyourcity.ca/32423/w...ocuments/89883 Quote:
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Re Main St/4th: Balconies are so overrated. It amazes me how many people say they’re a must. Anyone who has lived downtown knows most people maybe pop out onto those balconies a few minutes a week. Sure there’s exception to every rule but given how much they cost to add to a unit, they’re not worth it.
As to the SW Marine townhouses. I’m curious who would actually pay that much to rent a townhouse, they’ll cost a fortune! |
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Don't you live in a SFH? :shrug: |
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It is both a bit of a slippery slope issue and one of policy / guidelines not keeping up and responding to new energy requirements and building materials. The balcony requirement was added as a response to what many here and in public would call a "shoebox" apartment; however, this was also provided with the outdoor and indoor amenity space requirement (but remember most balconies are covered and outdoor amenities are not. Balconies are private, amenity is not). In the past we had balconies, no amenity area requirement. Now we have both. Are they needed? Questionable. Are there other things like FSR calculations that make design of all these areas suck? Oh ya. Balconies are not required for social housing, as they still have amenity requirements. Removing the balcony requirement could come with an alternative requirement for a full-height slider window with juliet (common in the West End). Catch would be that "no one" would build balconies anymore depriving apartment dwellers of private outdoor space for minimal savings in construction. However... you could get a more open market. Should there be an exemption to mass timber? Maybe. Do I trust Westbank's argument? No, as they knew full well in advance to provide balconies. On the Marine Drive townhomes: Friend of mine rents out a whole house in the city as him and his wife are only here for 4-6 years. It could be torn down any year. He'd love a secured rental townhome. The uncertainty of eviction is intense. |
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Your anecdotes aside. It's like the people who insist we have an empty condo problem because not everybody has 100% of their lights on. :shrug: |
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