General Vancouver Updates II - Page 38

GenWhy? · #**741** Posted **Sep 12, 2024, 10:53 PM**

Quote:

Originally Posted by VanK

No but the residents of vancouver are not asking YMCA / private developer to ADD a new pool to the community, we just want them to add back the existing pool (not subtract) and in exchange for this community amenity contribution, YMCA / private developer will be able to build market condo and other rental units.

https://www.shapeyourcity.ca/282-w-49th-ave - so have your say here.

I'm only familiar with filling out the form I've link below... where if I remove certain services or spaces that I have to put them back in, but (since I have not demolished a pool or charity-run rec centre) I'm not sure on the way the City could force specific uses back in.

For instance, if a non-profit was renting one of our office spaces we'd have to offer them a chance to move back in, but I don't think the City is able to force me to lease out an office dedicated to, for example, a non-profit that focuses in disability services.

https://guidelines.vancouver.ca/bull...s-rezoning.pdf

I imagine the CAC money generated from this project is well-sunk into the new social housing and the community centre reconstruction

seamusmcduff · #**742** Posted **Sep 12, 2024, 10:59 PM**

Quote:

Originally Posted by BaddieB

The private market does add amenities like gyms, for example. You'll rarely see a private pool open to the public because pools are just extremely expensive to run. Again, fund that via property taxes if the people really want it, just don't tax new housing to build it.

So only people who have the money to afford a condo with a pool deserve access to one? Many people in this city can barely afford a 1 bedroom apartment, let alone one with expensive amenities. The City should at least provide public amenities like pools and courts/gymnasiums that families and individuals can use that they normally wouldn't be able to afford if left to the private sector.

officedweller · #**743** Posted **Sep 13, 2024, 3:58 AM**

Form

From Lawrence Black Sept 5th:

https://twitter.com/LawrenceBlackTV

whatnext · #**744** Posted **Sep 13, 2024, 8:45 PM**

Sounds like iFortune should change their name to iBroke. Some interesting reading for sure.

Foreclosures Ongoing Against 4 iFortune Homes Projects Across Metro Vancouver
The iFortune Homes projects that are under foreclosure include Elm41 and Auberry, both of which were planned for Vancouver.
Howard Chai
September 13, 2024

A common thread among the recent storm of real estate insolvencies in British Columbia is that they are not usually one-offs. When there is one project facing insolvency, other projects by the same developer are very likely also facing a similar fate. The latest example of this is Richmond-based iFortune Homes.

Like Coromandel Properties, Align Properties, Quarry Rock Developments, and AimForce Development, iFortune Homes is now the subject of a wave of foreclosure proceedings, according to filings in the Supreme Court of British Columbia obtained by STOREYS....

The foreclosures against iFortune Homes consist of applications from five lenders on four projects, with two located in Vancouver, one in Richmond, and one in Burnaby.

Named as a guarantor in all of the proceedings is Feng Luan. Luan's relationship to iFortune Homes is not identified in the various court documents, but he is identified in one document as "Feng (Peter) Luan." The corporate website of iFortune Homes identifies Peter Luan as the company's President.

2465 W 41st Avenue, Vancouver (Elm41)
The most notable of the foreclosures is 2465 W 41st Avenue in the Kerrisdale neighbourhood of Vancouver, where iFortune Homes was planning a 23-unit strata building called Elm41 — presumably named after Elm Park, located across the street — that had reached the stage of accepting pre-sale registrations...

...in a somewhat rare occurrence, HMT Holdings also sought to sell other property owned by the guarantors in order to recover what they are owed. One property that the court ultimately allowed to be sold — in an order dated July 30 — is the single-family home at 2170 Ottawa Avenue in West Vancouver. Miao Wang, one of the personal guarantors, owns 50% of the property, which BC Assessment values at $4,732,000. A strata office unit located at 257-8680 Cambie Road in Richmond owned by another guarantor, Yan Jing Wang, was not allowed to be sold, however.

463 W 59th Avenue, Vancouver (Auberry)
The second property under foreclosure is 463 W 59th Avenue, near Cambie Street, where iFortune Homes was planning a project consisting of two six-storey strata buildings with a total of 63 units, according to a City of Vancouver rezoning report. iFortune Homes named the project Auberry, and it had also reached the stage of accepting pre-sale registrations....

https://storeys.com/ifortune-homes-f...ouver-burnaby/

officedweller · #**745** Posted **Sep 14, 2024, 12:01 AM**

1611 West 2nd Ave

From Lawrence Black twitter:

https://twitter.com/LawrenceBlackTV

hollywoodnorth · #**746** Posted **Sep 16, 2024, 1:49 AM**

a crane is up for the 6 story rental project at Main and 49th

jollyburger · #**747** Posted **Sep 16, 2024, 2:19 AM**

Quote:

Originally Posted by hollywoodnorth

a crane is up for the 6 story rental project at Main and 49th

https://storeys.com/6495-main-street...ntal-building/

officedweller · #**748** Posted **Sep 17, 2024, 12:48 AM**

Crane went up on Saturday for a project on Hastings west of Boundary.

jollyburger · #**749** Posted **Sep 17, 2024, 1:52 AM**

Quote:

Originally Posted by officedweller

Crane went up on Saturday for a project on Hastings west of Boundary.

3532 East Hastings

https://www.jtadevco.com/3532-east-h...reet-vancouver

PBlonde · #**750** Posted **Sep 17, 2024, 4:46 PM**

Quote:

Originally Posted by officedweller

Form

From Lawrence Black Sept 5th:

https://twitter.com/LawrenceBlackTV

Does anyone know at how much the townhouses at Form were pre-sold? I walked passed the other day and they look quite spacious, 3 floors plus a rooftop is huge for this area.

Feathered Friend · #**751** Posted **Sep 18, 2024, 1:26 AM**

4189 Yew St – Arbutus Centre Phase 3 – Blocks C & D
Photos Taken September 8, 2024
266 Rental Homes, Ground-level Retail Space, A City-owned Neighbourhood House & A City-owned Adult Daycare Centre

Master Plan Rezoning Application Submitted – December 2009 (Amended December 2017)
Development Permit Submitted – October 2018
Building Permit Issued – July 2022

https://www.instagram.com/p/DACihpkS...h=ZWpwMDI2bGV2

jollyburger · #**752** Posted **Sep 20, 2024, 3:32 PM**

Vancouver Proposing Fast-Track Policy For Social Housing Projects Up To 18 Storeys

Quote:

The new initiative aims to expedite the delivery of social housing by eliminating the need for individual rezonings — by pre-zoning — and allowing applicants to proceed directly to the development permit stage, cutting significant amounts of time from project timelines, which also reduces project costs.

The new policy would apply differently to different neighbourhood types, with social housing buildings up to six storeys allowed in Village areas and buildings up to 18 storeys in Neighbourhood Centres.

All of the areas this new policy would apply to are located outside of the West End, downtown core, and Broadway Corridor, with the areas that allow for up to 18 storeys generally along both sides of Kingsway and south of 16th Avenue.

https://storeys.com/vancouver-social...tive-proposal/

vanman · #**753** Posted **Sep 20, 2024, 5:52 PM**

Progress of the various lowrises popping up along Oak and Granville in Marpole.

logan5 · #**754** Posted **Sep 20, 2024, 6:34 PM**

Quote:

Originally Posted by jollyburger

Vancouver Proposing Fast-Track Policy For Social Housing Projects Up To 18 Storeys

https://storeys.com/vancouver-social...tive-proposal/

Hopefully this is part of a wider plan to decentralize social housing/SRO’s in the DTES, and even Mt. Pleasant as well, where we have too much social housing.

jollyburger · #**755** Posted **Sep 22, 2024, 2:01 AM**

Just noticed COV is planning some social housing near East Hastings/Commercial where those metal sheds are located.

Quote:

The Site is situated at 1736, 1738, 1756, 1762 & 1768 East Hastings Street in the Grandview-Woodland neighbourhood and will be a future consolidation of five rectangular shaped adjacent lots totaling approximately 2,494 square meters (approx. 26,840 square feet). The subject properties are currently improved with five one- to two-storey mixed use commercial/industrial buildings, two of which have sustained recent fire damage and are planned for imminent demolition. These two parcels will be improved by the City and will temporarily serve to address another civic use until late 2027/early 2028 during which time the Selected Proponent will be actively rezoning and designing the Project. The remaining three parcels are each improved with a building and are leased short-term. The leases will continue until such time as the properties are rezoned/consolidated.

note 1762 is part if this land assembly, but the Addressed Locations did not work under this application for some reason...

https://plposweb.vancouver.ca/Public...ctId=231350215

They also have one or two 24 storey towers over at 1606 East Hastings

Quote:

This request pertains to 1606 E Hastings. There are two possible development scenarios. The first scenario is to develop 1606 E Hastings alone, with a total site area of 16,104 square feet (132 feet fronting East Hastings Street and 122 feet fronting Woodland Drive) that consists of 2-4 levels of parking, a 4-storey podium and a 24-storey tower. The second scenario combines 1606 E Hastings with 1618-1680 E Hastings, for which building grades have already been provided on 10-14-2022 (file reference 2022-00168), that consists of 2 levels of parking, a 6-storey podium, and two 24-storey towers.

https://plposweb.vancouver.ca/Public...ctId=235535435

jollyburger · #**756** Posted **Sep 24, 2024, 9:42 PM**

Drone footage of Broadway & Alma

https://www.instagram.com/p/DARTSt-yY98/

jollyburger · #**757** Posted **Sep 25, 2024, 11:24 PM**

New storage/warehouse on SW Marine Drive

https://www.shapeyourcity.ca/88-sw-marine-dr

Same architect did 829 Powell

https://bozyk.com/project/829-powell-street/

mcj · #**758** Posted **Sep 26, 2024, 3:45 AM**

Quote:

Originally Posted by jollyburger

New storage/warehouse on SW Marine Drive

Storage units above warehouses makes a lot of sense, both benefit from large parking/loading areas and will be used at opposite times for the most part.

jollyburger · #**759** Posted **Sep 29, 2024, 10:01 PM**

Quote:

Vancouver School Board criticized over 99-year lease to developer

The Vancouver School Board (VSB) is facing heavy criticism after its trustees moved to issue a 99-year lease to a private developer, which is set to build a mixed-use commercial and rental building on school property.

A majority of the board voted on Wednesday to pass bylaws to kickstart the disposal process for 1.6 hectares of "surplus" land, just south of Sir Sandford Fleming Elementary School, which will be leased to Vittori Developments, which has more than 500 rental units in the Greater Vancouver area, according to its website.

The board says the process to dispose of the surplus land was started by the previous school board, after a public consultation process, and the resulting rental building will see preference given to VSB employees.

But opponents of the lease say the board's public consultation was rushed and limited in nature, and the market-rate rental building will be unaffordable to many teachers and VSB employees.

In addition, critics say the move to issue a 99-year lease, with an upfront lump sum payment from Vittori, is short-sighted and prevents the school board from being flexible with its land use as Vancouver grows.

The lease deal is expected to close in November, with the exact price not yet disclosed.

https://www.cbc.ca/news/canada/briti...ease-1.7337319

Migrant_Coconut · #**760** Posted **Sep 29, 2024, 10:11 PM**

And yet they're still holding onto Kingsgate.