Broadway Corridor Development Plan

[jollyburger]

There's lots of people who work at VGH that are on lower end of the salary scale as well.

[seamusmcduff]

Where did s211 get the idea that this was publicly funded?

[GenWhy?]

Originally Posted by seamusmcduff

Where did s211 get the idea that this was publicly funded?

I think because it says "to provide dedicated workforce housing for Vancouver Coastal Health (VCH) and Vancouver General Hospital (VGH) staff".

Just reading it in a bit more detail, it says they'll be furnished.

[whatnext]

Originally Posted by Changing City

It's being developed by a private developer. The change to the size of units is because the developer will lease the market rental units to staff of VGH and VCH, and those agencies have indicated that the demand will mostly be for studio units. Presumably they don't anticipate that a significant number of their staff that they expect to lease the units will be wanting to live there for a long time.

Huh, remember those days of yore 5-10 years ago when the actual market could provide housing staff at VGH and VCH could afford. Before speculators bought those sites up.

[Changing City]

Originally Posted by whatnext

Huh, remember those days of yore 5-10 years ago when the actual market could provide housing staff at VGH and VCH could afford. Before speculators bought those sites up.

The actual market will be delivering housing for VGH and VCH staff in this project. This is an actual market project by an actual market developer.

[whatnext]

Regarding another project, Michael Geller on X says the project referenced in this January article is DOA:

...Jennifer Irvine purchased her Kitsilano duplex on Vancouver’s west side eight years ago, but now that her neighbours have assembled their properties to develop an 18-storey tower, she says her leafy picturesque street is undergoing a new form of blockbusting.

Last fall, a company called Havn Development obtained a rezoning permit on behalf of three property owners with a proposal to build a 170-unit rental tower with podium at 2156-2172 W. 14th Ave., between Yew and Arbutus streets. The site currently consists of a detached house and two duplexes, but the city has plans to create a second downtown for the low- to mid-density neighbourhoods within the 500-block Broadway Plan. That includes the approval of high-rise towers in the middle of quiet side streets....

https://www.theglobeandmail.com/real-est...ia&utm_campaign=Shared+Web+Article+Links

[Changing City]

Originally Posted by whatnext

Regarding another project, Michael Geller on X says the project referenced in this January article is DOA:

...Jennifer Irvine purchased her Kitsilano duplex on Vancouver’s west side eight years ago, but now that her neighbours have assembled their properties to develop an 18-storey tower, she says her leafy picturesque street is undergoing a new form of blockbusting.

Last fall, a company called Havn Development obtained a rezoning permit on behalf of three property owners with a proposal to build a 170-unit rental tower with podium at 2156-2172 W. 14th Ave., between Yew and Arbutus streets. The site currently consists of a detached house and two duplexes, but the city has plans to create a second downtown for the low- to mid-density neighbourhoods within the 500-block Broadway Plan. That includes the approval of high-rise towers in the middle of quiet side streets....

https://www.theglobeandmail.com/real-est...ia&utm_campaign=Shared+Web+Article+Links

Assuming Geller's information is correct, it supports the comments here that not all the projects will go ahead anytime soon. The three owners have spent quite a bit establishing the potential for a future rental tower, but raising the development funds to do it themselves, or finding a developer willing to buy them out, was always risky. Especially so now, as population growth is slowing in the region, and rents have fallen every month - "the 13th consecutive month of yearly rent declines" according to Zumper's survey.

[GenWhy?]

Originally Posted by Changing City

Assuming Geller's information is correct, it supports the comments here that not all the projects will go ahead anytime soon. The three owners have spent quite a bit establishing the potential for a future rental tower, but raising the development funds to do it themselves, or finding a developer willing to buy them out, was always risky. Especially so now, as population growth is slowing in the region, and rents have fallen every month - "the 13th consecutive month of yearly rent declines" according to Zumper's survey.

And "dead on arrival" is a very extreme way to phrase "not yet" and we'll get our site locked in and wait. Then again it's Geller

[officedweller]

The next phase in the cycle would be residents complaining about living next to an empty lot (or worse, derelict houses) for 5 years wondering when development (in whatever form) will occur.

[jollyburger]

Originally Posted by GenWhy?

And "dead on arrival" is a very extreme way to phrase "not yet" and we'll get our site locked in and wait. Then again it's Geller

Havn's Carolina St project got a building permit recently but who knows if it advances or not.

https://plposweb.vancouver.ca/Public/Default.aspx?PossePresentation=Guest&PosseObjectId=273844103

[GenWhy?]

Originally Posted by jollyburger

Havn's Carolina St project got a building permit recently but who knows if it advances or not.

https://plposweb.vancouver.ca/Public/Default.aspx?PossePresentation=Guest&PosseObjectId=273844103

Well to that point as well. One project at a time. Geller is so dramatic

[jollyburger]

Originally Posted by GenWhy?

Well to that point as well. One project at a time. Geller is so dramatic

They did remove the Manitoba project from their website which was paused due to the park shadowing.

[GenWhy?]

Originally Posted by jollyburger

They did remove the Manitoba project from their website which was paused due to the park shadowing.

OMG ya that was such a sideshow of a Hearing