Quote:
Originally Posted by Feathered Friend
Nearly two years later, and this one is finally going before council on March 9th where it will likely be referred to either the April 13th, or the April 15th, 2021 Public Hearing. Based on the public feedback, I would expect a fairly quick approval, but maybe things have changed since then.
(pg 44)
https://council.vancouver.ca/20210309/documents/rr8.pdf
The bigger question is will this be the first of many dormant projects to come forward?
|
The rezoning on the former Chevron site is a contender to proceed sooner than the twin towers in this thread, as it's a more modest building than many of the others (only 127 units). It'll still have to get a Development Permit though. There are at least five other towers in the West End that stalled in marketing, and could start at any time they can get enough sales to keep the lenders happy. Prima Properties could build their Burrard & Davie tower without selling anything, if they follow their earlier practice (Laguna on West Georgia), of building first and then selling. Risky, but if they have deep enough pockets, a different approach.