1608 & 1616 West Georgia Street | 126.6m + 122.2m | 38 fl | Proposed

[whatnext]

Originally Posted by Feathered Friend

The rezoning application for this site has been removed from the city's POSSE database, so it's safe to call this one dead.

Guess they shouldn’t have torn down that White Spot so quickly.

[griswold]

Yet another lot bought up and left empty for years with no plans to build anything. Why does the city allow this to keep happening?

[whatnext]

Originally Posted by jollyburger

Their assessment has gone from $55.4 million in 2022 to $31.4 million in 2026. (1608 W Georgia)

1616 from $117 million to $66 million
1670 from $4.1 million to $2.6 million

Gotta love a market correction. Is this the one Asspack bought?

[GenWhy?]

Originally Posted by griswold

Yet another lot bought up and left empty for years with no plans to build anything. Why does the city allow this to keep happening?

They're complicit

[s211]

Originally Posted by whatnext

Gotta love a market correction. Is this the one Asspack bought?

Is this the site that Nicola Wealth has a piece of also?

[Zepfancouver]

Originally Posted by PopYourColla

That’s now 3 dog parks on this block lol. I guess it’s a nice cheap way to get tax breaks before development starts?

Reading back the thread, reminded me of this news storey ‘Simply a scam’: B.C. community gardens growing big tax breaks for developers from this pass december.
My job being tied to construction, I don't mind has a tax payer this tax break for developpers.

[officedweller]

Originally Posted by whatnext

Guess they shouldn’t have torn down that White Spot so quickly.

They're probably reeling from that decision and losing the income.
I suppose there's not much demand in that area for a surface parking lot.

[Changing City]

Originally Posted by officedweller

They're probably reeling from that decision and losing the income.
I suppose there's not much demand in that area for a surface parking lot.

The owners of White Spot sold the site in 2017, but kept the restaurant running until 2020 when COVID meant they decided to not renew the lease. The site owners weren't ready to develop then, but they presumably didn't want the liability of a closed restaurant, and it was demolished. It's understandable, given how unknown the future of restaurants was when the decision was made to close.

I don't think a surface parking lot would be viable there, even if the City allowed one. The dog park is probably as good as can be expected to happen for a few years. At least Anthem's Park and the Bosa tower are being built, and the other stalled buildings proposed in the area haven't been cleared, so it's not much of an impact overall.

[officedweller]

Good point about Covid messing up tenant prospects.

[whatnext]

Originally Posted by Changing City

The owners of White Spot sold the site in 2017, but kept the restaurant running until 2020 when COVID meant they decided to not renew the lease. The site owners weren't ready to develop then, but they presumably didn't want the liability of a closed restaurant, and it was demolished. It's understandable, given how unknown the future of restaurants was when the decision was made to close.

I don't think a surface parking lot would be viable there, even if the City allowed one. The dog park is probably as good as can be expected to happen for a few years. At least Anthem's Park and the Bosa tower are being built, and the other stalled buildings proposed in the area haven't been cleared, so it's not much of an impact overall.

Wow, time flies. It doesn't seem that long ago. I was always surprised how busy that White Spot could be considering the awkward location. That whole stretch of W.Georgia is kind of a dead zone now.