Quote:
Originally Posted by osirisboy
Seems like a good spot for high priced condos instead
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Seems like a better one for affordable co-op apartments. At least they're being built. The market for high priced condos has been on life support for a while. Developers have been forced into court ordered sales of sites where they were trying to sell condos on Davie Street in the West End, and on Robson.
Consider Burrard and Davie, where there are two development sites. Google maps shows the gas station on the corner closed in 2007, and turned into a 'temporary' community garden in 2009. The developers have been trying to develop a viable condo project ever since. They been trying to sell the most recent version of their high priced condo tower for a couple of years. Supposedly we can expect completion in 2029 - but nothing is happening on site yet.
Meanwhile, in the same time frame since the community garden plots appeared, the City of Vancouver bought the site on the opposite side of Burrard, and construction is well underway for the 17 storey wood-frame building that will house a community centre and 154 social housing units, 31 to be managed by the McLaren Housing Society.