The Curv | 178.5m | 60Fl | Proposed

[whatnext]

Great to see Premier Eby forcefully reject developers' moaning over blocking foreign buyers and specifically singling out Curv as symbolic of part of the problem we now find ourselves in:

'That model is dead': B.C. Premier, housing minister rebuff developers' request for foreign real estate investment
"We are not going back to the Wild West days of empty condos, and foreign investment racking up the prices," said B.C. Housing Minister Christine Boyle
Author of the article: By Dan Fumano
Published Jul 30, 2025

“We are not going back,” Premier David Eby and Housing Minister Christine Boyle said Wednesday when asked separately about a push by large developers to get government to allow more foreign investment in real estate.

In a letter Tuesday, some of the biggest names in B.C. real estate asked the federal government to reconsider its ban on foreign entities purchasing residential property in Canada, and for the B.C. government to reconsider its tax on foreign buyers....

... On Wednesday, Boyle said she wouldn’t comment on what the federal government should do, “but certainly here in B.C., we’re not going to stop cracking down on speculation. We don’t want to go back to the days when foreign investors were buying up empty condos and leaving neighbourhoods empty and pushing up the prices for people and families.”..

... Eby, asked about the letter Wednesday, said he shares concerns about declining housing starts in some segments of the market but doesn’t believe the answer is bringing huge amounts of foreign money back into B.C....

“I accept that the old model of doing things is not working anymore. And frankly, I say good.

“If you want to see what the old market did, look at the CURV building project in the West End of the city of Vancouver, a site that started at $16 million by local developers that ended up being sold for $69 million after international money got involved. It was completely stupid and disconnected from what the local market can support.”...(bold mine)

https://vancouversun.com/opinion/columni...s-request-foreign-real-estate-investment

[jollyburger]

Curv's presales website now redirects to the insolvency page

The Receiver’s intended course of action is to engage a realtor to market the Project Lands for sale in an
effort to find a buyer. The Receiver is currently undertaking a review of all available information;
however, it is too early to comment on whether a buyer will be identified who will continue the Project in
its current format or take an alternative approach to developing the Project Lands.

https://www.insolvencies.deloitte.ca/en-ca/pages/1075%20Nelson%20Development%20LP.aspx

[AlessioSBT]

This is a reddit discussion about the building from 1 year ago.
It's interesting to read it now.

https://www.reddit.com/r/RealEstateCanada/comments/1glx841/avoid_curv_presale_in_vancouver/

[whatnext]

Originally Posted by jollyburger

Curv's presales website now redirects to the insolvency page



https://www.insolvencies.deloitte.ca/en-ca/pages/1075%20Nelson%20Development%20LP.aspx

LOL, can I still snap one up?

[officedweller]

Site has been listed for sale.
https://x.com/Howard__24/status/1981749865265910208

[Glow Fun City]

Originally Posted by officedweller

Site has been listed for sale.
https://x.com/Howard__24/status/1981749865265910208

Pivot to hotel and rentals, maybe?

[jollyburger]

The Receiver has since concluded that there is “a very low likelihood” that a new developer that buys the site would complete the project as currently proposed and also retain the presales — not to mention the $55,000,000 to be paid to the City. Under REDMA, a receivership requires a new disclosure to be filed, which gives buyers the right to back out of their purchases.

The Receiver says that many purchasers have reached out asking for their deposits to be returned and that “all of the Pre-Sale Contracts have now been terminated.” The Receiver says Brivia had agreed to provide realtors with advanced commissions or referral fees and is now in the process of having those advances returned (as allowed in the commission agreements).

https://howardchai.substack.com/p/vancou...rminated-sales-process-northlink-capital