General Vancouver Development Updates II

[whatnext]

Any guesses?


Howard Chai
@Howard__24
5h
A very notable project in Metro Vancouver is about to be placed under creditor protection. This developer is also facing two foreclosures. #vanRE

https://x.com/Howard__24/status/1990476867351249140

[osirisboy]

My guess is in Surrey

[jollyburger]

Originally Posted by osirisboy

My guess is in Surrey

Square Nine Facing 3 Insolvencies, Including Surrey Project That Was Focus Of Flash Sale

https://howardchai.substack.com/p/square...r-protection-surrey-burnaby-foreclosures

[jollyburger]

TELUS Living breaks ground on 55-unit Point Grey development

Located at 2608 Tolmie St., the former Point Grey telephone exchange will be transformed by TELUS and its development partner, LPI Management Ltd., into a six-storey mixed-use building with 55 purpose-built rental units and four ground floor retail spaces, states a release.

There will be a mix of studio, one-bedroom and two-bedroom units to accommodate students, young professionals, families and downsizers.

https://canada.constructconnect.com/joc/...ground-on-55-unit-point-grey-development

[gaviscon]

Originally Posted by jollyburger

https://canada.constructconnect.com/joc/...ground-on-55-unit-point-grey-development

I wonder what happened to the proposed rental towers across the road?

[jollyburger]

Originally Posted by gaviscon

I wonder what happened to the proposed rental towers across the road?

The rezoning got approved in March

https://www.shapeyourcity.ca/4545-w-10th-ave

[jollyburger]

Behind Mount St Joseph. By Francl looks pretty nice at ground level.

Fabric Living has applied to the City of Vancouver to develop a 20-storey plus rooftop amenity level mixed-use building on this site, consisting of:

211 rental units, with 20% of the floor area secured for below-market rental units
Commercial uses at grade
A proposed Floor Space Ratio (FSR) of 8.0
A proposed floor area of approximately 128,778 sq.ft. / 11,964 m²
A proposed maximum building height of 64 m (210 ft.) with additional height for rooftop amenity space
Three levels of underground parking accessed from the lane

https://www.shapeyourcity.ca/461-479-e-16-ave-2

[RedArbutus]

Originally Posted by jollyburger

https://canada.constructconnect.com/joc/...ground-on-55-unit-point-grey-development

I like that, it's well done.

[gaviscon]

Originally Posted by RedArbutus

I like that, it's well done.

Compared to what's there currently, it's lovely. Love when they add retail units to these sleepy streets too


Speaking of retail, I hope they rezone the entire stretch of nearby Blanca into a retail-multi unit housing street in the future. Just makes sense

[whatnext]

Originally Posted by jollyburger

https://canada.constructconnect.com/joc/...ground-on-55-unit-point-grey-development

Will residents be guaranteed decent service from Telus?

[RedArbutus]

All signs point to no. Lol

[jollyburger]

Canada Lands Company might take over the 2405 Pine Street Canada Post office for some kind of redevelopment.

https://www.clc-sic.ca/sites/default/fil...er%20Briefing%20Binder%20June%202025.pdf

[jollyburger]

In a move to generate non-tax revenue, the City of Vancouver has launched a request for interested parties who want to advertise via signs and billboards at various public locations around the city.

The city already allows advertising via street furniture contracts that includes bus shelters, benches and kiosks. The city also has 20 digital panels under this contract — mainly downtown — that generate $200,000 to $230,000 a year in revenue.

Additionally, there are 36 “billboard faces” on city lands. That contract generates $261,000 per year for the city, according to a staff report that went before city council in September to create a “public realm advertising framework.”

“Without a set of overarching guiding principles, the city’s approach to public realm advertising has been lacking a holistic, strategic approach,” the report said.

“This has resulted in inconsistency in how different proposals are addressed, some unintended consequences, and importantly, substantial foregone revenues for the city.”

Council reviewed the report and approved the framework, which has led to the city recently posting a “request for expressions of interest” to identify and clarify market interest in advertising in the public realm along streets' rights of way.

The nine suggested locations identified in the document (and allowable size of sign) are:

• Oak Street and Highway 99 (large format).

• Southeast Marine Drive and Knight Street (large format).

• Ironworkers Memorial Bridge and Highway One (large format).

• Expo Boulevard, near Science World (large format).

• McGill Street, near the Pacific National Exhibition grounds (large format).

• Southwest Marine Drive and Manitoba Street (medium format).

• West 4th Avenue and Granville Street (small format).

• Boundary Road between Marine and 45th (small format).

• Cambie Street Bridge, near Vancouver Police Department (small format).

https://www.biv.com/news/economy-law-pol...enue-from-more-signs-billboards-11519690

[Tvisforme]

Originally Posted by jollyburger

In a move to generate non-tax revenue, the City of Vancouver has launched a request for interested parties who want to advertise via signs and billboards at various public locations around the city...

https://www.biv.com/news/economy-law-pol...enue-from-more-signs-billboards-11519690

From the Vancouver Sun yesterday:

Most Vancouverites believe the city’s 'brand' is in decline. Why is that?

No worries, though, we've got billboards to fix that!

[jollyburger]

Originally Posted by Tvisforme

From the Vancouver Sun yesterday:

Most Vancouverites believe the city’s 'brand' is in decline. Why is that?

No worries, though, we've got billboards to fix that!

So Vancouverites hate life but this is their solution? (the people who were behind the survey)

Why not us?

Metro Vancouver and B.C. have the geography, talent, infrastructure, and values. What we lack is the conviction and the strategy to declare it. We need to tell the world: when you think oceans, you think Vancouver. When you think Blue Economy, you think B.C.

That means building our brand with policy, not rhetoric.

We must align tax incentives and capital markets to make this the best place in the world to scale ocean startups. Tie public procurement to Canadian innovation so homegrown firms find their first customers here and stay here. Let’s protect Canadian ocean IP so our ideas aren’t siphoned abroad. And always ground growth in stewardship, where First Nations leadership and young people passionate about sustainability keep us true to our values.

This is about economics. Investment and jobs will flow from a Blue Economy brand. Yet it’s also about identity.

A Blue Economy brand tells the world who we are: leaders in ocean science, champions of biodiversity, partners in decarbonization, and innovators in fisheries management, robotics and AI directed to the oceans. That becomes an invitation for global investors, entrepreneurs, and researchers to come here, join us, and scale with us.

The Pacific is not scenery. It is our future. To ignore it is to miss the greatest opportunity in front of us.

Canada may continue to call itself an energy superpower. But on the West Coast, we should call ourselves what we truly are: the ocean superpower.

The Blue Economy brand is ours to claim. It’s time we told the world.

https://cityage.com/opinion-the-ocean-is-our-brand-and-superpower/

Sounds like a bunch of random BS.

[seamusmcduff]

Originally Posted by jollyburger

https://www.biv.com/news/economy-law-pol...enue-from-more-signs-billboards-11519690

This is hilariously sad. Millions in effective cuts, but I'm sure nickle and dime moves like this and charging more for festival spots will make up that revenue.

Nevermind that the negatives of these types of moves outweigh the small financial gain.

[Migrant_Coconut]

With outstanding moves like this, I have to wonder how the hell his bagel store manages to stay afloat.

[csbvan]

I doubt ABC exists after the next election. Shocked some like Kirby-Yung and Meiszner haven't jumped ship to sit as independents like Bligh. The speaker list against the budget (600+) makes the speakers against the Broadway Plan look like a little niche, fringe movement.

[Metro-One]

Why not install some video signage along Granville street in the entertainment district? Why all aimed at drivers?

[jollyburger]

Originally Posted by Metro-One

Why not install some video signage along Granville street in the entertainment district? Why all aimed at drivers?

COV doesn't own a lot of buildings along Granville where they can stick the large digital signs versus freestanding signs at those locations.

The shared revenue offered from that new signage on Granville to COV:

Astral will now provide the municipal government with a direct baseline financial contribution each year — an annual $80,000 payment, plus an annual three per cent increase to account for inflation. By the 10th year, this annual baseline payment will grow to $104,000. This direct baseline financial contribution — a portion of the advertising revenues — did not exist in the original 2023 proposal.

In addition to the introduction of a direct baseline financial contribution each year, the property owner will provide the City with half of their 30 per cent of net revenue paid to them by Astral. This did not exist in the 2023 proposal.

And 20% screen time for COV messaging.

https://dailyhive.com/vancouver/897-gran...ainment-district-digital-screen-approved