General Vancouver Development Updates II - Page 53

Changing City · #**1041** Posted **Jan 9, 2025, 2:12 AM**

Quote:

Originally Posted by Feathered Friend

Strand has opted to split the development permit for 456 Prior into two separate applications.

https://plposweb.vancouver.ca/Public...ctId=249048569

My guess is they've been in a holding pattern with the St Paul's construction, and that this will allow them to move ahead with the east tower.

It could be a degree of caution to avoid overextending themselves financially too. It's not a neighborhood that has much new (and therefore, more expensive) market rental residential development, so building an initial tower will allow them to confirm they can move forward with the second. They're also the first offering to test the market for healthcare offices.

The other Prior Street office building (already about 50% completed) that was initially offered as healthcare offices was taken by a US medical device company in its entirety, so these will be the first market office spaces near the new hospital.

logan5 · #**1042** Posted **Jan 9, 2025, 11:44 PM**

Finally some movement at "Sixteenth and Cambie", as it is now being excavated. That lot has been vacant for many years now. It was a Chevron gas station before.

The spillover effect from the Broadway corridor will be strong, so I would expect a lot of development south of 16th Ave. There will be a high demand to live very close to what amounts to another downtown.

jollyburger · #**1043** Posted **Jan 10, 2025, 12:03 AM**

Quote:

Originally Posted by logan5

Finally some movement at "Sixteenth and Cambie", as it is now being excavated. That lot has been vacant for many years now. It was a Chevron gas station before.

The spillover effect from the Broadway corridor will be strong, so I would expect a lot of development south of 16th Ave. There will be a high demand to live very close to what amounts to another downtown.

Good view of the site on these two traffic cameras

https://trafficcams.vancouver.ca/cambie16th.htm

jollyburger · #**1044** Posted **Jan 10, 2025, 4:05 AM**

PCI/Low Tide's Kits project is up

Quote:

A mixed-use building, with a ground floor grocery store and retail space
385 residential market rental units above
Proposed density of 352,099 sq.ft. (32,711 m)
A Floor Space Ratio (FSR) of 3.70
Above two levels of underground vehicle and bicycle parking

https://www.shapeyourcity.ca/2315-w-4-ave

gaviscon · #**1045** Posted **Jan 10, 2025, 4:36 AM**

Quote:

Originally Posted by jollyburger

PCI/Low Tide's Kits project is up

https://www.shapeyourcity.ca/2315-w-4-ave

Wow didn't know they already had rezoning done. That's great.
One of my top 5 upcoming projects.

jollyburger · #**1046** Posted **Jan 10, 2025, 4:51 AM**

Quote:

Originally Posted by gaviscon

Wow didn't know they already had rezoning done. That's great.
One of my top 5 upcoming projects.

They didn't need a rezoning.

PCI has a lot of huge projects in the bank it'll be interesting to see how soon it gets built.

csbvan · #**1047** Posted **Jan 10, 2025, 5:26 AM**

Quote:

Originally Posted by jollyburger

They didn't need a rezoning.

PCI has a lot of huge projects in the bank it'll be interesting to see how soon it gets built.

From what I hear, the Safeway is closing this spring.

giallo · #**1048** Posted **Jan 10, 2025, 5:48 AM**

Quote:

Originally Posted by gaviscon

Wow didn't know they already had rezoning done. That's great.
One of my top 5 upcoming projects.

Yeah. It's a cool project.

Zepfancouver · #**1049** Posted **Jan 10, 2025, 6:04 AM**

This evening, working an office space on the 6th floor of the Vancouver Community College 1155 East Broadway.
I (holy man) see a hole, I capture and post, but I have no info, it looks like a large project.
The building in the background, I've seen posted on SSP.

My pics - 4pm today

• Video Link

giallo · #**1050** Posted **Jan 10, 2025, 6:05 AM**

^ Welcome to my neighbourhood!

That hole is for the VCC expansion.

Zepfancouver · #**1051** Posted **Jan 10, 2025, 6:11 AM**

Nice neighbourhood, lots of opportunities for mountain view developments.
Edit: This building is going to have those mountain views https://www.vcc.ca/about/college-inf...-building.html

Changing City · #**1052** Posted **Jan 10, 2025, 6:43 AM**

Quote:

Originally Posted by Zepfancouver

Nice neighbourhood, lots of opportunities for mountain view developments.
Edit: This building is going to have those mountain views https://www.vcc.ca/about/college-inf...-building.html

They'll have the view of the mountains until PCI and Low Tide construct these buildings where the Rogers vans are parked in your picture. Then they'll be peekaboo views.

The other building is a mass timber building that will be the new ICBC head office.

jollyburger · #**1053** Posted **Jan 10, 2025, 7:23 AM**

Joyce II drone video from Westbank

https://www.instagram.com/p/DEYFWZdS-uI/

Zepfancouver · #**1054** Posted **Jan 10, 2025, 8:31 AM**

Quote:

Originally Posted by Changing City

...The other building is a mass timber building that will be the new ICBC head office.

Nice building, I like it, 'no fault insurance' is benefiting the crown corporation and I'm enjoying the lower payments on my insurance, as long as I don't get seriously injured in an accident

giallo · #**1055** Posted **Jan 10, 2025, 2:43 PM**

Quote:

Originally Posted by Zepfancouver

Nice neighbourhood, lots of opportunities for mountain view developments.
Edit: This building is going to have those mountain views https://www.vcc.ca/about/college-inf...-building.html

It's a really nice, convenient place to live.

We're now entering a period of massive transformation. It'll be interesting to see what the China Creek area looks like when the Skytrain extension is finished, along with all of the proposed projects surrounding VCC station.

madog222 · #**1056** Posted **Jan 10, 2025, 10:50 PM**

Quote:

Originally Posted by jollyburger

https://renx.ca/gwlra-plans-2-towers...station-street

Quote:

1220 Station St and 201-213 Terminal Ave - Application recently submitted. Staff preparing notification - To rezone from FC-2 to CD-1 under the False Creek Flats Plan to allow for the development of two 28-storey mixed-use rental buildings connected by a 12-storey podium containing retail on levels 1 and 2, office on level 3, residential rental on levels 4-27, and residential amenity on level 28. 403 rental units with 20% secured as below-market rental units. An FSR of 10.1 and maximum building heights of 88.5m (290 ft.) and 84.2 m (276 ft.) are proposed.

https://plposweb.vancouver.ca/Public...ctId=248944468

WarrenC12 · #**1057** Posted **Jan 10, 2025, 11:04 PM**

20% Below market is 80 units, that's pretty significant. Hard for the City to say no IMO. A bit of retail and office makes sense.

jollyburger · #**1058** Posted **Jan 15, 2025, 2:57 AM**

That empty lot near East Pender/Gore

Quote:

441 E Pender St rezoning application

The City of Vancouver has received an application to rezone the subject site from RT-3 (Residential) District to CD-1 (Comprehensive Development) District. The proposal is to allow for the development of a six-storey rental building and includes:

65 micro-dwelling, social housing units;
A floor space ratio (FSR) of 3.04; and
A building height of 22.5 m (73 ft.)

jollyburger · #**1059** Posted **Jan 15, 2025, 4:59 AM**

Landa ain't dead yet..

Quote:

Landa Global Buys Foreclosed Vancouver Elm41 Project By iFortune For $14M

By September 12, the Colliers team had received five offers and selected the offer made by Landa Global as the superior bid. The parties then entered into a sale agreement for the purchase price of $14,000,000. Later that month, Colliers and Landa Global agreed on a $35,000 break fee in the event the sale falls through for any reason, and Colliers agreed to provide a commission rebate in the same amount if the court ultimately approved an offer from another party at a purchase price of $14,035,000 or less.

The sale did not fall through, however, and the Supreme Court approved the sale to Landa Global — as Landa (2465 W41) Holdings Ltd. — for $14,000,000 on November 21. After an extension request, the transaction then completed last week on January 9.

The sale price was on par with the BC Assessment valuation of $14,143,000, which was dated to July 1, 2024 and was a decrease from the previous year's valuation of $16,747,000.

According to court documents, the amount owed as of November 21 was $14,987,981.72, with interest accruing at a daily rate of $3,800. As a result of this and the sale price, CMLS Financial suffered a shortfall and subsequent creditors were unable to make any recovery.

https://storeys.com/ifortune-homes-elm41-landa-global/

officedweller · #**1060** Posted **Jan 15, 2025, 12:15 PM**

Form

Lawrence Black twitter Jan 12, 2025

https://x.com/LawrenceBlackTV/status...71020191437061