Quote:
Originally Posted by Drybrain
But really it's the Spring Garden West project I think could be more transformative for the area. All the tenants on the affected block were moved out late last year, and I had heard it was to start in spring, but the empty buildings are still standing and no sign of work has commenced.
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I wonder if they went back to the drawing board due to zoning changes potentially enabling 40 storeys on this site?
It's semi-common in Vancouver for projects to sit in limbo as they get upzoned (netting millions for the land owner). The upzoning can perversely slow the supply of new housing. This article explains one example:
https://dailyhive.com/vancouver/curv-tower-vancouver-receivership-speculation.
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