Park (1698 W Georgia) | 99.25m | 33 Fl | Proposed

[gaviscon]

My pic from a week ago:

[osirisboy]

Oh wow that’s great! Forgot about this one.

[Changing City]

Probably needs a mod to change the thread title, but 1616 West Georgia is the adjacent site for two towers, not yet in development. This is Park, 1698 West Georgia, by Anthem.

[whatnext]

Originally Posted by Changing City

Probably needs a mod to change the thread title, but 1616 West Georgia is the adjacent site for two towers, not yet in development. This is Park, 1698 West Georgia, by Anthem.

Anthem looking to defer their payment of CACs to the city on this, yet again:

....Is Anthem, the privately held company behind this deferral request, a fragile company deserving of public largesse? Founded in 1991, the Anthem Property Group (CEO Eric Carlson, https://anthemproperties.com/company/about-us/) reportedly had an aggregate value of over $6 billion across western North America as of 2019. It currently has a residential portfolio of over 20,500 homes complete, in design or currently under construction.

After negotiating with the City, developers usually make the CAC cash payment in full, prior to the CD-1 enactment for a specific development, which happens before construction can commence. In this case, the CACs were only partly paid prior to enactment ($15,660,000 paid of $26,100,000 total due, leaving the current $10,440,000 outstanding). Council previously modified the CAC schedule for this property on June 13, 2023 on the request of the developer. That time it was done without any discussion by Council. It was buried in the consent agenda. (Blink and you would miss it. The mayor and entire council must have blinked.) This new request going to Council on Feb 27 is for the deferral of CAC payment until the end of 2024 or until the construction is above grade. Interest is charged at prime plus 2%. Anthem’s reasons for the request include “market uncertainty” from interest rate increases, slow condo market sales/conditions, and increases in hard costs....


https://cityhallwatch.wordpress.com/...no-trip-feb27/

[madog222]

I believe this is legally 1688 W Georgia now, need to maximize the 8s for marketing purposes.

[Changing City]

Originally Posted by madog222

I believe this is legally 1688 W Georgia now, need to maximize the 8s for marketing purposes.

It's still 1698, but for marketing purposes it's now in Point Grey.

[VancouverOfTheFuture]

Originally Posted by Changing City

for marketing purposes it's now in Point Grey.

wow... clearly theyre marketing this to non-vancouver people. what else is new i guess.

[jollyburger]

Originally Posted by Changing City

It's still 1698, but for marketing purposes it's now in Point Grey.

Isn't that just some random real estate agent website that posts pre-sale condos on every project.

[Changing City]

Originally Posted by jollyburger

Isn't that just some random real estate agent website that posts pre-sale condos on every project.

Absolutely it is. Anthem's website for the project makes it look like it's located in an even more remote location.

[jollyburger]

Looks like Whytcliff Park

[trofirhen]

Originally Posted by jollyburger

Looks like Whytcliff Park

Are you referring to another building called 'Whytcliff Park,' or do you see some connection with the rocky bluffs of Whytecliffe Park outnpast Horsehoe Bay? (>The rocky terraces, the greenery...)

[madog222]

Originally Posted by trofirhen

Are you referring to another building called 'Whytcliff Park,' or do you see some connection with the rocky bluffs of Whytecliffe Park outnpast Horsehoe Bay? (>The rocky terraces, the greenery...)

They’re referring to the images on Anthem’s website that Changing City linked.

[trofirhen]

Originally Posted by madog222

They’re referring to the images on Anthem’s website that Changing City linked.

Of course. Thank you.

[officedweller]

Stupidly named as the older condo across the street is called 'The Park'.

[connect2source]

Originally Posted by officedweller

Stupidly named as the older condo across the street is called 'The Park'.

Very odd indeed unless someone didn't do their homework.

[jollyburger]

Originally Posted by connect2source

Very odd indeed unless someone didn't do their homework.

I don't think people care about the name of their condos that much especially if it's not a high-end/landmark building.

[madog222]

Originally Posted by jollyburger

I don't think people care about the name of their condos that much especially if it's not a high-end/landmark building.

People don't but I've found that strata maintenance companies usually just know and use the name, not the address or actual strata plan number. At least these two will be addressed on diffirent streets (though this tower does have three units with private entrances addressed on Alberni).

[Zepfancouver]

Today





• Video Link

[GenWhy?]

Lovely updates Zep, as always. It's fun walking the stretch of Alberni watching this and Alberni go up. Going to be interesting to see people get in and out of here if they're in a car in these new towers.

[officedweller]

From Lawrence Black twitter Oct 18th:


https://twitter.com/LawrenceBlackTV