General Vancouver Development Updates II

[PBlonde]

Originally Posted by WarrenC12

Any other brilliant pieces of insight you'd like to share?

I mean, it's simplistic but it's not wrong. Below Market rents are effectively a tax credit to those that get the benefit. It's just the tax credit can only go to so many people...

[osirisboy]

Originally Posted by kikin

"below market" just means "paid for by someone else"

Wouldn’t it mean less profit to the owner

[officedweller]

Chief Leonard George Building


Credit: Take Off Photography
https://www.naturallywood.com/projec...orge-building/

[jollyburger]

Some random thread on Reddit saying that Amazon might be behind a new data centre downtown.

https://www.reddit.com/r/askvan/comm...ter_in_cambie/

[Changing City]

Originally Posted by jollyburger

Some random thread on Reddit saying that Amazon might be behind a new data centre downtown.

https://www.reddit.com/r/askvan/comm...ter_in_cambie/

That thread seems to be about the 111 E5th data centre proposed to replace underground parking in the Main Alley building, so not Downtown.

[WarrenC12]

Originally Posted by PBlonde

I mean, it's simplistic but it's not wrong. Below Market rents are effectively a tax credit to those that get the benefit. It's just the tax credit can only go to so many people...

Newsflash: People who have more pay more tax. People who have less receive more government benefits.

[SFUVancouver]

Originally Posted by officedweller

Chief Leonard George Building


Credit: Take Off Photography
https://www.naturallywood.com/projec...orge-building/

Looks great!

[PBlonde]

Originally Posted by WarrenC12

Newsflash: People who have more pay more tax. People who have less receive more government benefits.

Thanks for the patronization, it's super helpful for a constructive conversation...

Below market rents are not an equitable government benefit as not all that qualify receive the benefit, in fact it's a significant amount that don't. Given there's limited below market rent units available, if only 5% of all people that qualify receive that benefit, the 95% that don't will be part of the group subsidizing the 5%.

Assume for the sake of simplicity that $100,000.01 per annum in household income is the disqualifying amount. Assume also that there are 2 households that qualify and both households live in a 1BD apartment and that market rents are $2K (I feel this is pretty reasonable) a month for the same unit. If one gets in, they'd receive a 20% discount and will save $400 per month, or $4,800 per annum. If the other does not find a BMR unit, that is the equivalent of 4.8% net tax/benefit difference for 2 people earning the exact same amount. It's also an inherently poor system as anyone that earns 1c more in income than the cut-off is completely unable to qualify and will forever be deprived.

Don't forget that all of this is on top of already increasing marginal tax rates.

[GMD]

Originally Posted by officedweller

Chief Leonard George Building


Credit: Take Off Photography
https://www.naturallywood.com/projec...orge-building/

Very nice building. Funny that something built for social housing is nicer than the vast majority of new market buildings,

[WarrenC12]

Originally Posted by PBlonde

Thanks for the patronization, it's super helpful for a constructive conversation...

Don't forget that all of this is on top of already increasing marginal tax rates.

How do you propose we address the homeless crisis?

I cut out your example because it's a complete straw man.

I'm well aware of how tax rates work. We need housing for all of the lower-middle income workers that actually do the jobs we rely on in the city. Moderately below market rentals help address that need.

[officedweller]

Originally Posted by GMD

Very nice building. Funny that something built for social housing is nicer than the vast majority of new market buildings,

The social housing projects seem to be bolder with colour - because they don't have to cater to buyers.
This one is has nice proportions and the basket weave pattern is very effective.
It wouldn't look as good with a duller / beiger colour like a condo would have.

[jollyburger]

Originally Posted by officedweller

The social housing projects seem to be bolder with colour - because they don't have to cater to buyers.
This one is has nice proportions and the basket weave pattern is very effective.
It wouldn't look as good with a duller / beiger colour like a condo would have.

The original renderings seemed like it was more cedar coloured.

I wonder if they'll keep the artwork?



https://www.fastepp.com/portfolio/khupkhahpayay/

[Gecko1989]

Was crossing north on Arthur Lang Bridge today, I noticed a crane on the east side, what is that project?

[jollyburger]

Originally Posted by Gecko1989

Was crossing north on Arthur Lang Bridge today, I noticed a crane on the east side, what is that project?

Close to the river?

[whatnext]

Originally Posted by Gecko1989

Was crossing north on Arthur Lang Bridge today, I noticed a crane on the east side, what is that project?

Would that be the one that struck the bridge on its way upriver?

https://www.richmond-news.com/local-...ision-11876784

[officedweller]

Originally Posted by jollyburger

The original renderings seemed like it was more cedar coloured.

I wonder if they'll keep the artwork?

https://www.fastepp.com/portfolio/khupkhahpayay/

I like the new colour better!
Art would be nice too - if it's a wrap it could be added later.

[osirisboy]

Originally Posted by officedweller

The social housing projects seem to be bolder with colour - because they don't have to cater to buyers.
This one is has nice proportions and the basket weave pattern is very effective.
It wouldn't look as good with a duller / beiger colour like a condo would have.

Yeah but it would be a lot cheaper to build it like a typical condo building. You would think trying to spend less would be important in building social housing

[GMD]

Originally Posted by osirisboy

Yeah but it would be a lot cheaper to build it like a typical condo building. You would think trying to spend less would be important in building social housing

I'm not sure, it doesn't look like it would be super expensive to build, mostly just a big ol' box. But by avoiding pointless articulation, sticking to a single colour palette, eliminating any bare concrete surface, and having a simple, repeated pattern applied across good proportions, with just enough detail to keep it interesting, the building achieves a much nicer look than the average new condo within a pretty standard building shape.

[osirisboy]

Originally Posted by GMD

I'm not sure, it doesn't look like it would be super expensive to build, mostly just a big ol' box. But by avoiding pointless articulation, sticking to a single colour palette, eliminating any bare concrete surface, and having a simple, repeated pattern applied across good proportions, with just enough detail to keep it interesting, the building achieves a much nicer look than the average new condo within a pretty standard building shape.

Painted concrete would’ve been a lot cheaper than cladding it the way they did. Also why is the set back so huge. They could’ve utilized that space

[Changing City]

Originally Posted by GMD

I'm not sure, it doesn't look like it would be super expensive to build, mostly just a big ol' box. But by avoiding pointless articulation, sticking to a single colour palette, eliminating any bare concrete surface, and having a simple, repeated pattern applied across good proportions, with just enough detail to keep it interesting, the building achieves a much nicer look than the average new condo within a pretty standard building shape.

It's a mass timber building. It's got a concrete core, and then uses a hybrid of CLT panels and steel columns. It includes a childcare centre and has 81 apartments. It's designed to passivehaus standard. More details in this article. Construction images on this website.