General Vancouver Development Updates II

[jollyburger]

Originally Posted by whatnext

Wow. I once lived in a condo that was across the street from a construction site. If I recall, the developer had to pay the strata for use of the air rights as the crane would swing overhead. Does that still apply?

Yes, there was just a lawsuit in June about that issue.

StreetSide Developments didn't attempt to contact the neighbours to make "an overswing agreement" to give the developer permission to use the airspace above their home, according to the documents.

The plaintiffs claim they "made several attempts to contact StreetSide" in April about their safety concerns, but didn't get a response. Then, in May, they contacted the construction company's development manager to request the crane not be left hanging over their property when it's not in use.

The lawsuit says the development manager agreed the crane wouldn't be left over their home at the end of each day, saying a "crane swing agreement was in the process of being finalized."

In mid-May, StreetSide informed the neighbouring residents they "could only agree to either a reciprocal easement or a fee payment for a one-way licence agreement," the lawsuit says. Days later, the company acknowledged the crane was "illegally encroaching" on the residents' property and said it "would continue to do so," according to the documents.

https://bc.ctvnews.ca/crane-repeated...aims-1.6924171

[MalcolmTucker]

Originally Posted by Vin

Very glad about this cancellation.

Developers can't make a profit with the current 6-storey condo. Also, despite the ultra expensive units, the quality would be sub-par with no good amenities, as well as being situated along a busy roadway corridor. With less foreign money coming into real estate now due to the current global climate as well as high mortgage interest rates, it would be a hard sell especially when marketed to locals.

A mixed-use commercial development would be best suited along a noisy corridor, especially for one close to a skytrain station. Unfortunately, many developers already rushed into building those 6-storey condos around here, and this is very inefficient land usage for this new town centre.

Or the site is now well within the 400m rule for TOD development.



https://www2.gov.bc.ca/assets/gov/ho..._map_day_1.pdf


The defunct project had an FSR of 2.41 and a height 66.3 feet (6 storeys).



Now they are entitled to 4.0 FSR and up to a height of 12 storeys.


Even if the old project penciled, why would a developer leave money on the table with 1.6 more FSR.

[Changing City]

Originally Posted by Feathered Friend

I understand that once a Development Permit has been issued, the developer has 12 months to move onto construction, and the Director of Planning can extend the permit for up to an additional 12 months, but after that the developer has to resubmit. A C Queen Ltd seem to be a first time developer.

They paid over $9m for the house on the site in 2018, and they've paid taxes, permit fees and GUD's architect's fees, so they have sunk a fair amount into the project. I wonder if 6 storey wood frame and 22 units, as approved, isn't more viable on a limited site? If they (or another developer) switched to rental, they could save some money by having less parking (or even none), but going over 6 floors and having a concrete frame would add a fair bit to the project costs.

[Feathered Friend]

https://plposweb.vancouver.ca/Public...ctId=148116778


https://ywcavan.org/inner-circle-rsvp


https://www.388slocan.ca/

Five years after they were first proposed, these 70 rental homes at 388 Slocan are ready to welcome people home at either below-market, or shelter assistance rates. This is thanks to the YWCA’s efforts & revenue from the Empty Homes Tax.

https://388slocan.ca

https://www.instagram.com/p/C-bfOItS...NldmxqbzdtNjB4

[Jimbo604]

Crane blocking Vancouver road won't be moved for a week: official
Asst. fire chief says cause of construction site fire needs to be investigated before crews can start cleanup
CBC Aug 8th

Not the first time a wooden building under construction has gone up in flames. Eg this one in 2008 in Surrey.

[Feathered Friend]

https://www.shapeyourcity.ca/750-sw-marine-dr-2

Though its rezoning, & development applications were approved, city staff have cancelled the latter as the proponent of this 7 floor office/light industrial building at 750 SW Marine Dr was unable, or unwilling, to meet the conditions attached to it. #Vancouver #VanRe #VanCre

https://x.com/City_Duo/status/1822054052638904647

[vanman]

The site is within 400m of Marine Drive Station so who knows maybe it will come back with some residential units stacked on top at a later date much like phase 2 of Marine Gateway.

[s211]

Originally Posted by vanman

The site is within 400m of Marine Drive Station so who knows maybe it will come back with some residential units stacked on top at a later date much like phase 2 of Marine Gateway.

I'm going to speculate there's some sober second thought about the office component.

[whatnext]

Originally Posted by s211

I'm going to speculate there's some sober second thought about the office component.

Whereas there will always be a market for skyhovels, ie.400 sq/ft studios.

[Changing City]

Originally Posted by whatnext

Whereas there will always be a market for skyhovels, ie.400 sq/ft studios.

Developers aren't allowed to only build studios in Vancouver, there have to be at least 35% with two or more bedrooms.

And what's wrong with a single person renting a new 400 sq ft studio anyway?

[hollywoodnorth]

Originally Posted by Changing City

And what's wrong with a single person renting a new 400 sq ft studio anyway?

for $3000+ a month .... I cant find a few things wrong with that ......

[GenWhy?]

Originally Posted by hollywoodnorth

for $3000+ a month .... I cant find a few things wrong with that ......

I certainly can find a (business) problem with thinking one could get $7.5 dollars-per-square-foot or more for a 400sf apartment. This would be downtown, I assume?

Even the new Hollywood building I think I saw a studio there go or under $2,600, which would be closer to $5.5 / psf.

[Changing City]

Originally Posted by hollywoodnorth

for $3000+ a month .... I cant find a few things wrong with that ......

1-bed apartments at Marine & Cambie are under $2,500. If there are studios, they would-be a bit less. You can rent a new 2-bed there for $3,000.

[kh177]

Originally Posted by Feathered Friend

https://www.shapeyourcity.ca/750-sw-marine-dr-2

.

https://x.com/City_Duo/status/1822054052638904647

.

[Feathered Friend]

Originally Posted by vanman

The site is within 400m of Marine Drive Station so who knows maybe it will come back with some residential units stacked on top at a later date much like phase 2 of Marine Gateway.

While most of the block is within the 400m zone, this site isn't. Plus the approved 5.01 FSR is just a drop higher than could be could be achieved in the 200m zone.

[jollyburger]

The lots on the other side of Aisne are for sale.

762 & 754 SW MARINE DRIVE $13,800,000

https://www.realtor.ca/real-estate/2...rive-vancouver

8729 AISNE $17,800,000

https://www.realtor.ca/real-estate/2...reet-vancouver

[jollyburger]

I think this is similar to earlier statements they've said about planning but it'll be interesting to see what they propose for the site.

Kingsway & Tyne Property Development Limited Partnership
3410 Kingsway is a proposed mixed-use redevelopment in Vancouver, British Columbia. The joint venture is currently working through
early concept planning to support a policy inquiry submission which will allow municipal staff to provide early input on the
redevelopment concept.

https://s23.q4cdn.com/206565141/file...rly-Report.pdf

[madog222]

A tower crane is up at the PNE Amphitheatre site. I assume they will also need a mobile crane or two when they get to constructing the roof structure.

[jollyburger]

Originally Posted by madog222

A tower crane is up at the PNE Amphitheatre site. I assume they will also need a mobile crane or two when they get to constructing the roof structure.

Here's the building permit

Primary Location: 2901 E HASTINGS STREET, Vancouver, BC V5K 5J1

Specific Location:

Work Description: To construct a new amphitheater containing 10,000 seats, on the existing multi-use site, Pacific National Exhibition (PNE).

Stage I: excavation, shoring, piling and buttress structure (issued June 13/ 2024).

Stage 2 (full construction of back of house and roof canopy) - in review

Revision #1: revisions per geotechnical letter prepared by RAM, dated July 24/2024-in review (to change from piles to deep faoundation

https://plposweb.vancouver.ca/Public...ctId=215711646

[BaddieB]

4001-4009 Knight St and 1348 E 24th Ave

The City of Vancouver has received an application to rezone the subject site from C-2 (Commercial) and RM-1N (Residential) Districts to CD-1 (Comprehensive Development) District. The proposal is to allow for the development of a 24-storey mixed-use building with a 4-storey podium and includes:

233 strata residential units;
Commercial space on the ground floor;
37-space childcare facility;
A floor space ratio (FSR) of 10.47; and
A building height of 79.5 m (261 ft.).
(External link)

This application is not consistent with Council-adopted rezoning policies. The City is required to process all rezoning applications submitted and staff position on the proposal will be summarized in the referral report later in the application process timeline.

https://www.shapeyourcity.ca/4001-40...-1348-e-24-ave