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

[giallo]

[Glow Fun City]

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

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

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?]

" 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]

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]

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.

Originally Posted by giallo

[Spr0ckets]

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]

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

[jollyburger]

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]

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]

Another shot from the same day.

Panorama

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

[teriyaki]

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]

Originally Posted by giallo

Another shot from the same day.

Great shot!

[LeftCoaster]

Amazing pic!