720 Beatty St | Steam Plant + ??? | U/C

[officedweller]

Originally Posted by jollyburger

I assume that's some kind of transfer slab for the structures above the energy plant?

https://vancouver.ca/files/cov/720-b...pendix-d-5.pdf

Also, BCUC still hasn't made a ruling and their funding was supposed to be exhausted around the end of January.

I think it's the beams below that - but the plans don't show them.
They appear to be a level below the viaducts, whereas the transfer slabs for the tower are at viaduct/Beatty level.

[jollyburger]

This Creative Energy submission from last November probably has the most current plans for the plant.

It seems like offices are on P01 (around page 40)

https://docs.bcuc.com/documents/proc...pplication.pdf

This 199 page document has the project schedule from Peak Construction. It shows a Plaza Slab being put in around now.

Page 175



https://docs.bcuc.com/documents/proc...ule-public.pdf

[officedweller]

Thanks, yeah, no plant machinery in that area.

[officedweller]

Creative Energy Vancouver Platforms Inc. v. Concord Pacific Developments Ltd.

Leave to appeal an arbitration award granted April 5, 2024:
Lots of factual background included. It looks like the dispute revolved around a bonus payment for FSR over 1.0 under a purchase agreement for a parcel by Creative from Concord. Creative argued that the excess FSR was 0.36 (1.36 being applicable to the sliver of land transferred), whereas Concord argued that the excess FSR was 7.96 (8.96 being applicable to the consolidated parcel which the sliver was incorporated into). The operative wording was the FSR at the time of the first rezoning, which necessarily was post-consolidation. So Concord won at arbitration, and Creative was appealing that decision.
https://jusmundi.com/en/document/dec...5th-april-2024

Appeal dismissed Feb 24, 2025:
https://jusmundi.com/en/document/dec...5th-april-2024

[jollyburger]

BCUC is taking their sweet time on deciding if they can proceed with the financing to complete the plant.

[jrdtown]

Today, my photo.

There is significant progress on the site, there were around 20 construction workers there today. They reached Georgia Viaduct level on the existing building side, and are 1 floor below on the stadium side.

[jollyburger]

As a backup they applied to renew the license on their existing natural gas boilers until 2035 (the current license expires in April)

https://www.bclaws.gov.bc.ca/civix/d...az1/1501730109

[Vin]

Originally Posted by WarrenC12

Spoken like somebody who never actually drives on the viaducts.

Spoken like a hypocrite that pretends to avoid the viaducts at all costs.

[officedweller]

Pic by me March 29th:

[WarrenC12]

Originally Posted by Vin

Spoken like a hypocrite that pretends to avoid the viaducts at all costs.

I don't, but they are regularly backed up, particularly heading into downtown. I avoid them because my traffic-aware GPS tells me they are slower.

[jollyburger]

What a surprise.

1. Creative Energy’s capital expenditure schedule of $38.5 million to complete the construction of the New Plant Premises and to install the Interconnection Infrastructure is rejected.
2. Creative Energy is directed to file an application with the BCUC for approval of any low carbon service rate at least six months before Creative Energy’s requested effective date for the low carbon service rate.

Following review of the evidence and submissions in this proceeding, the Panel finds that Creative Energy making the expenditures referred to in the Expenditure Schedule would not be in the public interest. Accordingly, the Panel rejects the Expenditure Schedule. The Panel does not accept that it is necessary for Creative Energy to take on the responsibility of costs, which are the responsibility of the Developer under the TDA, to avoid a potential delay in the Decarbonization Plant in-service date. Creative Energy acknowledges that its rights and remedies under the TDA remain outstanding, and the Panel encourages Creative Energy to find a suitable resolution to the delays in the New Plant Premises. Without any resolution between the Developer and Creative Energy pursuant to the rights and remedies of the TDA, the Panel considers there to be significant uncertainty with respect to the magnitude of costs which may ultimately become the responsibility of Creative Energy and its ratepayers should the Panel accept this Expenditure Schedule

The Developer stated that, if it submitted rezoning applications by December 2024, it expected the rezoning process to be completed sometime between January and June 2026

https://docs.bcuc.com/documents/orde...dule-final.pdf

https://www.bcuc.com/OurWork/ViewPro...icationid=1284

[Changing City]

It looks as if there's been no further work on the site in the past two weeks.

[officedweller]

Public Information Session
May 28th.
Got a postcard in the mail.

Info here:

2025 Rate Design Consultation: Round 1

Register now for a Customer Information Session by emailing us at [email protected].
Customer information sessions to be held on:
Wednesday, May 21, 2025 at 1 p.m. PST
Thursday, May 22, 2025 at 11 a.m. PST

Register now (External link)for a Public Information Session (open to all interested parties), with an opportunity to ask questions or provide comments, to be held on:
Wednesday, May 28, 2025 at 6 p.m. PST

Read the Discussion Guide and provide your input through our Feedback Form

Ask questions through our online Q&A portal

You can also send us an email with your feedback to [email protected] or call us at 604.688.9584.

Feedback will be accepted until Friday, May 30, 2025.

https://engage.creative.energy/rate-design


https://engage.creative.energy

[jollyburger]

From May site inspection by COV:

"Construction ceased April 15, 2025" and the structure is enclosed.

https://plposweb.vancouver.ca/Public...ctId=264694131

[officedweller]

Originally Posted by Changing City

It looks as if there's been no further work on the site in the past two weeks.

Bang on with Changing City's observations on May 3rd.

[whatnext]

More signs of Westbank circling the drain?

[Changing City]

Originally Posted by whatnext

More signs of Westbank circling the drain?

If you read up the thread you'll see that the majority shareholder of Creative Energy has been a Toronto based investment business since at least last year.

From the various stories over the past couple of years it looks as if Westbank have restructured and sold off quite a number of their assets, pivoting from carrying a high debt load, and a lot of disparate investment management assets, (energy, hotels, offices, rental buildings, development sites), to one with much less debt.

They still own seven buildings with rental suites in Vancouver, Toronto, Calgary and Seattle. They're also still pursuing rezonings for rental buildings in Vancouver, where they're apparently acting as a development agent for the landowners, (as they are at Oakridge now), so they seem to have avoided the drain and found a way to continue in business without insolvency.

[jollyburger]

They don't want to build the offices sounds like they'll come back with a rezoning at some point.

[Changing City]

For the first time since April, the crane is operating, and there's a crew working here. There's scaffold being erected along the edge that is overlooked by the viaduct. I guess it might be a site tidy-up and capping exercise for the partially completed structure, while a revised building is submitted.

Here's the design for 'Geo' on the ALign Architecture website. (Residential, Hotel, Retail, Data Center, Energy Center).

[jollyburger]

Beautification project before FIFA..

I guess Icon West still exists.

Revision#3: 09-Oct-2025 - Change of General Contractor from Peak to Icon West Construction Corp.

https://plposweb.vancouver.ca/Public...ctId=155775716