Sen̓áḵw (Squamish Nation) | 11 Towers | 171m | 58fl | 4M sqft | U/C - Page 130

giallo · #**2581** Posted **Jun 18, 2026, 3:42 PM**

Glow Fun City · #**2582** Posted **Jun 18, 2026, 3:49 PM**

Vancity Credit Union branch to be Senakw's first commercial tenant
Kenneth Chan, DailyHive

https://dailyhive.com/vancouver/vancity-credit-union-senakw-branch-vancouver

Quote:

While the Senakw development project by Squamish Nation is best associated with its critical mass of rental housing, it also contains a sizeable neighbourhood-serving commercial space component for its small land area, spanning over 100,000 sq. ft. of retail/restaurant space and 45,000 sq. ft. of office space.

It was announced today that local financial institution, Vancity Credit Union, will be the first tenant for Senakw’s commercial space component.

This will be the Senakw Village Branch, serving as Vancity’s Centre of Indigenous Banking — a move that consolidates the credit union’s Indigenous banking offerings in one location. It is also the credit union’s first on-reserve branch.

GenWhy? · #**2583** Posted **Jun 18, 2026, 4:33 PM**

" serving as Vancity’s Centre of Indigenous Banking"

I knew there had to be a catch because to me there is no other rationale why a bank makes sense here - but I still wonder what bank locations even do anymore - besides pay good rents.

Glow Fun City · #**2584** Posted **Jun 18, 2026, 4:35 PM**

Quote:

Originally Posted by GenWhy?

" serving as Vancity’s Centre of Indigenous Banking"

I knew there had to be a catch because to me there is no other rationale why a bank makes sense here - but I still wonder what bank locations even do anymore - besides pay good rents.

Nearest branch is at 4th and Vine, not too far away at all…

I'm still waiting for one to open near Oakridge (again)!

whatnext · #**2585** Posted **Jun 18, 2026, 5:04 PM**

Another great shot. As I mentioned up thread, Parkview Towers really lucked out with the placement of the new towers vs the wings of theirs. Literally I don't think any of their tenants lost views.

Quote:

Originally Posted by giallo

Spr0ckets · #**2586** Posted **Jun 18, 2026, 6:57 PM**

The North East facing wing residents will almost certainly lose their views once the Phase 2 and 3 towers get built out.

But that's likely not going to happen for quite a while much longer.

Migrant_Coconut · #**2587** Posted **Jun 18, 2026, 7:34 PM**

I'd expect Parkview itself to be up for rezoning any day now.

jollyburger · #**2588** Posted **Jun 18, 2026, 8:15 PM**

Quote:

Originally Posted by Migrant_Coconut

I'd expect Parkview itself to be up for rezoning any day now.

Is that even feasible with 234 (?) units that either need buyouts or replacement units in the new building(s)?

A second tower next it seems more doable.

whatnext · #**2589** Posted **Jun 18, 2026, 8:38 PM**

Quote:

Originally Posted by Migrant_Coconut

I'd expect Parkview itself to be up for rezoning any day now.

Doubtful. When you have an asset built at 1960s prices and leasing at 2026 rates, it is hard to lose. Just the minimum of maintenance required.

giallo · #**2590** Posted **Jun 20, 2026, 4:27 PM**

Another shot from the same day.

Panorama

---------------->

teriyaki · #**2591** Posted **Jun 20, 2026, 7:34 PM**

Quote:

Originally Posted by Glow Fun City

Nearest branch is at 4th and Vine, not too far away at all…

I'm still waiting for one to open near Oakridge (again)!

I'd imagine that the current RBC space across from Oakridge (previously HSBC) will be vacated at some point when the new RBC opens at the mall itself.

Can't see them operating both locations directly across from each other so there's some prime RE for another player there.

madog222 · #**2592** Posted **Jun 20, 2026, 7:41 PM**

Quote:

Originally Posted by giallo

Another shot from the same day.

Great shot!

LeftCoaster · #**2593** Posted **Jun 22, 2026, 9:56 PM**

Amazing pic!

chowhou · #**2594** Posted **Jun 24, 2026, 6:10 PM**

Quote:

Originally Posted by GenWhy?

Floorplans and suit prices are now up:

https://senakw.com/the-homes/floorplans

As many have said before, some seem aggressive in today's market.

Perhaps in response to forumers here or perhaps in response to others, it seems they've taken down the floorplans + cost page. I'm guessing a price readjustment is incoming. Perhaps in the soft rental market they weren't getting the interest they were hoping for.

whatnext · #**2595** Posted **Jun 24, 2026, 7:27 PM**

Quote:

Originally Posted by chowhou

Perhaps in response to forumers here or perhaps in response to others, it seems they've taken down the floorplans + cost page. I'm guessing a price readjustment is incoming. Perhaps in the soft rental market they weren't getting the interest they were hoping for.

How would they handle those who have already signed leases? Adjust the price downward?

chowhou · #**2596** Posted **Jun 24, 2026, 8:12 PM**

Quote:

Originally Posted by whatnext

How would they handle those who have already signed leases? Adjust the price downward?

I've never heard of a landlord adjusting rent downwards during a signed lease term. A contract is a contract.

WarrenC12 · #**2597** Posted **Jun 24, 2026, 8:21 PM**

Rental buildings are nothing new. This is a big one, but lots of new ones have come into the market in the last few years.

whatnext · #**2598** Posted **Jun 24, 2026, 9:33 PM**

Quote:

Originally Posted by chowhou

I've never heard of a landlord adjusting rent downwards during a signed lease term. A contract is a contract.

I agree but if I had signed a lease last week in a new high profile development only to find someone this week got it for less, I'd head straight to the media.

s211 · #**2599** Posted **Yesterday, 2:19 AM**

Quote:

Originally Posted by whatnext

I agree but if I had signed a lease last week in a new high profile development only to find someone this week got it for less, I'd head straight to the media.

You'd honestly head straight to the media? Knock yourself out, princess.

jollyburger · #**2600** Posted **Yesterday, 2:46 AM**

Quote:

Backlash over rental prices at Sen̓áḵw development in Vancouver

The prices have since been removed from the Sen̓áḵw website, with a spokesperson for the development telling CBC News they represented a "sample" of market rental rates, and select floor plans and prices would be live again soon.

https://www.cbc.ca/news/canada/british-columbia/senakw-rental-prices-backlash-9.7248096