General Vancouver Development Updates II

[officedweller]

2410 Columbia Street
188 W 8th Ave
Southeast corner of Columbia Street and W. 8th Avenue

PC Urban has applied to the City of Vancouver for permission to develop a new 6-storey at 2410 Columbia Street in Mount Pleasant.
...
The proposal for the site is a mixed-use commercial building with Industrial on level 1 to 2 and Office on level 3 to 6, with:

A building height of 100.0 ft.;
A density of 4.50 FSR (gross buildable of 54,591 SF);
Two levels of underground parking providing 53 parking spaces having vehicular access from the lane.

https://vancouvermarket.ca/2024/01/1...pleasant-site/


https://vancouvermarket.ca/2024/01/1...pleasant-site/


https://vancouvermarket.ca/2024/01/1...pleasant-site/


https://vancouvermarket.ca/2024/01/1...pleasant-site/

[jollyburger]

Near the Telus Boot

3642 Kingsway (DP-2023-00289) development application

The City of Vancouver has received a request for permission to develop a new four-storey Buddhist temple on this site, consisting of:

Approximate Floor Space Ratio of 1.30 (26,750 sq. ft.)
Approximate overall building height of 15.3 m (53 ft.) to top of parapet of raised-centre feature roof
Two levels of underground parking, providing approximately 45 total stalls having vehicular access from Ormidale Street

https://www.shapeyourcity.ca/3642-kingsway

[madog222]

Main Alley M4









349 E 6th - The Aster




My photos

[gaviscon]

I wonder if they'll bury those power lines

[jollyburger]

Creative Energy has a 2029 occupancy for the Westbank Main Alley residential tower

And a possibly renovated/expanded M3 in 2027 (current 7,880 /+8,190 sq m)

https://docs.bcuc.com/documents/proc...pplication.pdf

[WarrenC12]

Originally Posted by jollyburger

Creative Energy has a 2029 occupancy for the Westbank Main Alley residential tower

And a possibly renovated/expanded M3 in 2027 (current 7,880 /+8,190 sq m)

https://docs.bcuc.com/documents/proc...pplication.pdf

So these buildings will be hooked up to SEFC NEU for heating and CE DCS for cooling?

What's the benefit of district cooling?

[Spr0ckets]

An (unfortunate) update on this project proposal at 1045 Haro Street :-


Planned 55-Storey Tower In Vancouver West End Placed Under Receivership:

"A high-profile high-rise project planned for the West End of Vancouver will not be getting off the ground anytime soon, as the developers behind the project have been placed under receivership, according to filings in the Supreme Court of British Columbia.

Planned for 830-850 Thurlow Street and 1045 Haro Street was a 55-storey strata condo tower and a 15-storey tower with a total of 450 strata condominiums and 66 rental units, according to the project website, which remains online. Plans also called for 42,000 sq. ft of retail space, a 49-space childcare facility, and a new public plaza.

A receivership application submitted last year by the Bank of Montreal, a secured creditor of the project, claims the developers owe an outstanding $82.2M in principal and interest."

Source :

https://storeys.com/1045-haro-thurlo...-receivership/

[GenWhy?]

"Due to these struggles" (viewcones etc. as mentioned in the article)... lol

These are known knowns. I guess they effed around and found out. Also hillarious:

"CBRE was retained and a total of six different offers were received by May 2023, ranging between $81.5M and $100M — significantly less than what the property was acquired for. One offer noted in the receivership application was made by Chard Development for $93M. The offer was supported by Terrapoint, but not Forseed and 11044227 BC Ltd.

Ultimately, none of the offers were accepted, as stakeholders did not want to accept the significant loss on their investments, and this created tension between the two majority stakeholders — Forseed and 11044227 BC Ltd. — and minority stakeholder Terrapoint, with Terrapoint asserting that the majority partners did not provide any "good faith" reasons to refuse the offer made by Chard Development."

[Spr0ckets]

I highly doubt it would have gotten built as proposed in that rendering anyway without some major value-engineering reconfiguration.
Most likely it would have had to be seriously redesigned and maybe even had a height reduction to accomodate those viewcone/shadow/height restrictions.

As iconic as it might look, I can't imagine how godawful the unit layouts in that tower form would have turned out to be if the Kengo Kuma tower is anything to go by.

[madog222]

Originally Posted by Spr0ckets

Source :

https://storeys.com/1045-haro-thurlo...-receivership/

Kang Yu Canning Zou

That name brings up a few results in google.

[VancouverOfTheFuture]

Originally Posted by Spr0ckets

...if the Kengo Kuma tower is anything to go by.

anyone know where to find floor plans of units for this building? im curious to see them. i know the vancouver house ones were not very good on the lower floors.

[jollyburger]

(removed wrong project)

[Spr0ckets]

Originally Posted by VancouverOfTheFuture

anyone know where to find floor plans of units for this building? im curious to see them. i know the vancouver house ones were not very good on the lower floors.

The thread for that project (1550 Alberni St., I believe) on this forum should have at least one.

EDIT :

Here's couple, but these are from the higher floors I believe so they're not as badly impacted by massive columns as the lower floor units :-

[madog222]

https://web.archive.org/web/20211022...FloorPlans.pdf

[jollyburger]

Nothing really new..

Vancouver school board says it's owed $49M in back rent for Kingsgate Mall property

https://biv.com/article/2024/01/vanc...-mall-property

[VancouverOfTheFuture]

Originally Posted by madog222

https://web.archive.org/web/20211022...FloorPlans.pdf

Originally Posted by Spr0ckets

The thread for that project (1550 Alberni St., I believe) on this forum should have at least one.

EDIT :

Here's couple, but these are from the higher floors I believe so they're not as badly impacted by massive columns as the lower floor units :-

thanks for these. interesting. but yeah those floor plans arent ideal. thats the downside of these funky buildings. they look cool outside, but the floor plans are generally a mess. i couldnt live in a place like that. yet they still sell for high $/sqft crazy.

[FarmerHaight]

Originally Posted by Spr0ckets

An (unfortunate) update on this project proposal at 1045 Haro Street :-

Bummer. The pedestrian experience along Haro between Thurlow and Hornby really sucks, and this project would have at least improved a portion of that stretch.

[whatnext]

Originally Posted by VancouverOfTheFuture

thanks for these. interesting. but yeah those floor plans arent ideal. thats the downside of these funky buildings. they look cool outside, but the floor plans are generally a mess. i couldnt live in a place like that. yet they still sell for high $/sqft crazy.

You’re making the mistake in thinking these types of units were ever designed as “homes”. They’re commoditized investment vehicles to stash (mostly) offshore wealth.

[MalcolmTucker]

Originally Posted by whatnext

You’re making the mistake in thinking these types of units were ever designed as “homes”. They’re commoditized investment vehicles to stash (mostly) offshore wealth.

If can't get the money out they're not investment vehicles. If don't rent them out they're not commodities.

They're nice fancy show pieces that people buy to show off, and hope they will retain their $1000 per square foot premium with a bit of scarcity of the starchitect buildings, not recognizing that the last generation of similar buildings have fallen below $2000 a square foot as they age.

Without appreciation at large to make up for depreciation as they age many will take a bath.

Recently read 1 beds in Kengo Kuma were renting for $3000 a month, less than half their carrying costs.

I'd sure love a unit with an outdoor bathtub, but I doubt the fundamentals in 10 years will still garner a 70% per square foot premium compared to 5 year old view units in Olympic Village, or 30% over 10 year old coal harbour.

[whatnext]

Originally Posted by madog222

That name brings up a few results in google.

From this article in the G&M:

…. The consortium, which was working with local company Intracorp Homes as its development manager, includes Kang Yu Zou, Wei Zou and Xia Yu. Those three individuals were all involved with the equally complex consortium that bought Grouse Mountain Resorts in 2017 and then abruptly sold it in 2020.

Intracorp representatives declined to comment on the legal proceedings and The Globe and Mail was not able to reach anyone from the consortium Wednesday.

Some members of the consortium are also being sued by another participant, Treasure Bay HK Ltd. That lawsuit, initiated in 2021, alleges that Kang Yu Zou got an advance of $25-million from other partners in the group without providing adequate security.

That lawsuit also alleges that Mr. Zou, who is the son-in-law of Wenbiao Dong, chairman of China Minsheng Investment Group Corp., “leveraged family relationships” to obtain the loan. CMIG was also involved in the Grouse Mountain purchase and sale.

The 16-page statement of claim alleges many other examples of breaches of “fiduciary duty.…..

https://www.theglobeandmail.com/cana...own-goes-into/

I’m a bit surprised Intracorp got involved, there’s a reason other local developers flipped their properties to a “greater fool” in this corridor.

Wouldn’t it be great to have the Federal or provincial gov’t come in an get this property for affordable downtown rentals?