HomeDiagramsDatabaseMapsForum About
     

Go Back   SkyscraperPage Forum > Regional Sections > Canada > Alberta & British Columbia > Vancouver > Metro Vancouver & the Fraser Valley


Reply

 
Thread Tools Display Modes
     
     
  #541  
Old Posted May 20, 2008, 9:49 PM
SpongeG's Avatar
SpongeG SpongeG is offline
Registered User
 
Join Date: Jun 2006
Location: Coquitlam
Posts: 40,100
Steve Nash to open fitness centre in South Surrey

Basketball superstar Steve Nash will open a new upscale fitness centre in South Surrey by the spring of 2010.

The facility will be part of a Larco Investments retail project at the Morgan Crossing housing development near 24th Avenue and Highway 99, Larco announced Tuesday.

Nash opened his first Steve Nash Sports Club on Granville Street in Vancouver last year and plans to open another gym in Richmond by the end of this year.

Larco representative Rick Amantea said 65 retail tenants taking up a total of 450,000 square feet of space are expected to open at Morgan Crossing in about two years. Other tenants will include Best Buy, London Drugs, Winners and Thrifty Foods.

Larco, which owns and operates Park Royal shopping centre in West Vancouver, also expects to attract upscale restaurants and high-end fashion outlets to Morgan Crossing.

Amantea said South Surrey has become a strong retail market that compares favourably with West Vancouver.

"When you look at average household incomes within a 20-minute drive of Morgan Crossing compared with Park Royal, they're not that different," he said. "But the density is higher around Morgan Crossing so in many ways, it's a much richer market for us than Park Royal."

Lenora Gates, a leasing representative for Steve Nash Sports Club, said the club likes the "tremendous residential and commercial growth" in South Surrey.

"It has the right demographic for us," she said. "It's an upper-end gym that will appeal to a demographic with a relatively high disposable income."

Gates said the new Surrey facility will be similar in size to the 38,000-square-foot, three-level Granville Street club but everything will be on one level.

She said club officials hope to operate one fitness centre in every major Lower Mainland municipality within the next three to four years.

http://www.canada.com/vancouversun/news/business/story.html?id=ed8cc3f8-204d-46b5-bba5-b85c2538cf16
__________________
belowitall
Reply With Quote
     
     
  #542  
Old Posted May 21, 2008, 7:42 AM
GMasterAres GMasterAres is offline
Registered User
 
Join Date: Oct 2007
Location: Hamburg
Posts: 3,123
The one level part is a trend they really need to stop doing out here in Surrey. They are trying to create this urban village with medium densities around Morgan Crossing with a lot of 4 storey condos and the likes. I don't see why they couldn't build the Nash Gym as a 3 storey building similar to that in Vancouver.

*shrug*

Still good to have it out there don't get me wrong.
Reply With Quote
     
     
  #543  
Old Posted May 22, 2008, 3:00 AM
muzhav84 muzhav84 is offline
Registered User
 
Join Date: Jan 2007
Posts: 110
The one in Richmond will be at the Sandman Signature, next to Hwy.99 between Cambie and Brideport. It is in the complex whuch used to be the Delta Resort, then Ramada.
Reply With Quote
     
     
  #544  
Old Posted May 22, 2008, 5:50 AM
hollywoodnorth's Avatar
hollywoodnorth hollywoodnorth is offline
Registered User
 
Join Date: Oct 2001
Location: Downtown Vancouver
Posts: 6,394
Business in Vancouver May 20-26, 2008; issue 969

Real estate roundup: Peter Mitham

Development in Surrey’s Campbell Heights industrial area set to shift into high gear. Meanwhile, city vote could usher in more redevelopment in Vancouver’s Oppenheimer district

Reaching new heights

A restraint on new industrial development is about to disappear in Surrey, where the moratorium on servicing sites in the Campbell Heights industrial area ends in July.

Since its implementation in 2004, the moratorium has held back development on sites outside the first phase to create a critical hub of development on the site. The moratorium also sought to ensure that sites within the first phase wouldn’t be undercut by lower servicing costs on sites in other areas of the park.

The first phase saw 104 acres approved for development. Now Cushman & Wakefield LePage is hoping to tap demand for industrial sites in the tight Vancouver market with a new offering of 64.6 acres.

Priced at $775,000 an acre, the parcels that make up the tract are listed well below the $890,000 an acre that the most recent newsletter from Avison Young reports as the median for industrial land in Metro Vancouver.

Neither Jean Lamontagne, general manager for planning with Surrey, nor listing agent Stuart Morrison returned calls regarding the new development opportunities at Campbell Heights by deadline last week.

Opening doors

Another type of restraint on development could be lifted after Vancouver city councillors voted in favour of scrapping a provision that had long required redevelopment projects in the Oppenheimer district (an area including Hastings Street from Heatley to Columbia, and the district north to Alexander Street from Main to Heatley) to allocate at least 20% of newly developed area above 1.0 FSR to social housing regardless of whether the project was residential, commercial or industrial.

No such provision is in place for any other area of the city, and city councillors voted to eliminate the requirement for the Oppenheimer district. The move promises to create a better environment for new commercial and industrial projects in an area that’s attracting greater interest from residential developers and others. The May 1 vote promises to open the door to development of commercial capacity to meet the needs of newcomers and create jobs for area residents.

While revitalization is often a code-word for gentrification and displacement, groups such as Building Opportunities with Business Inner City Society and Junebug Enterprises are working to stop displacement by helping to secure space for small businesses. Junebug has opened three locations on both Hastings and Main streets – art studios with retail shops at the front.

Council’s vote isn’t a done deal, however: the community must be consulted on the required amendments to the Oppenheimer district plan. Moreover, the city plans a full-fledged review of zoning in the Oppenheimer district in 2009.Next year’s review, says Jessica Chen, senior planner responsible for the Downtown Eastside, will ensure that district zoning meets housing objectives – both market and non-market – for the area as well as economic revitalization objectives.

On a lighter note …

It’s not just development requirements that are being relaxed in B.C.; it’s the buyers, if a renewed emphasis on spa-oriented developments is any indication.

Salus, a new development Adera is pursuing in North Surrey, bills itself as Canada’s first spa community. An initial release of 104 homes was snapped up prior to the May 10 launch date, prompting the release of more homes. The sales mean the 398-unit project is well on its way to being a third sold.

Meanwhile, the $1 billion makeover of Fairmont Hot Springs Resort aims to create a four-season health and wellness community by Ken Fowler Enterprises Ltd. of St. Catharines, Ontario. Boasting the largest therapeutic mineral hot springs in Canada, the reconfigured resort will feature a new design for the natural hot springs that feed a pool within the hotel, an enhanced spa and wellness centre and additional guest rooms. Condominiums will also be built as part of the project. The master plan includes a provision for shops, restaurants and other amenities.•
__________________
Quote of the Decade on SSP: "what happens would it be?" - argon007

"orange vested guy" - towerguy3
Reply With Quote
     
     
  #545  
Old Posted May 22, 2008, 7:55 AM
hollywoodnorth's Avatar
hollywoodnorth hollywoodnorth is offline
Registered User
 
Join Date: Oct 2001
Location: Downtown Vancouver
Posts: 6,394
New Westminster condo development in jeopardy
Last Updated: Wednesday, May 21, 2008 | 11:47 PM ET Comments6Recommend10
CBC News
The Anvil condo development in New Westminster is facing cost overruns. The Anvil condo development in New Westminster is facing cost overruns. (CBC)

Another condominium development in the Lower Mainland is in trouble, CBC News has learned.

United Properties, the developer behind The Anvil in New Westminster, has run out money, and that means pre-sale buyers are being asked to pay an additional $20,00 to $40,00 if they want to keep their condos.

Pre-sale buyers have received letters from the developer saying they have 14 days to decide whether they want to pull out and get their deposit back or pay the additional costs. The project needs an additional $4 million to meet its financial obligations.

"Development is a tough game and United Properties has been at it for some time, so it is quite unique to have such a developer run into this kind of difficulty," said real estate lawyer Ron Usher.
Real estate lawyer Ron Usher says it's unusual to see a such a successful developer run into major cost overruns. Real estate lawyer Ron Usher says it's unusual to see a such a successful developer run into major cost overruns. (CBC)

The developer blames escalating labour and material costs, as well as unforeseen delays including the construction of a nearby SkyTrain station.

However, one of Canada's most successful condo marketers said pre-sale buyers should not have to pay for cost overruns.

"I've always just held the policy that if a developer makes money he doesn't send money to the buyer, and if a developer is losing some money why does the buyer have to put that money in," said Bob Rennie, the director of Rennie Marketing Systems.

The Urban Development Institute, a non-profit association that represents the development industry in B.C., said this is the first time this has happened with one of its members.

"Maybe the Urban Development Institute representing the developers … should have a mediation process. Maybe there should be somebody there to look after the consumer," Rennie said.
Bob Rennie says purchasers should not have to foot the bill for cost overruns. Bob Rennie says purchasers should not have to foot the bill for cost overruns. (CBC)

The Anvil is already 18 months behind schedule, and the new delays mean the earliest the project will be finished is late summer or early fall.
__________________
Quote of the Decade on SSP: "what happens would it be?" - argon007

"orange vested guy" - towerguy3
Reply With Quote
     
     
  #546  
Old Posted May 22, 2008, 4:42 PM
jlousa's Avatar
jlousa jlousa is offline
Ferris Wheel Hater
 
Join Date: Jun 2006
Posts: 8,371
On a somewhat related matter, I've heard that both phases of Skytowers are now on hold. They will provide an update in July/August. At this point it might not mean they are in trouble, will be interesting to see what happens when they update.
Reply With Quote
     
     
  #547  
Old Posted May 22, 2008, 8:00 PM
vanman's Avatar
vanman vanman is offline
Registered User
 
Join Date: Sep 2006
Location: Vancouver BC
Posts: 6,487
Weren't both towers sold out already?
Reply With Quote
     
     
  #548  
Old Posted May 22, 2008, 8:06 PM
jlousa's Avatar
jlousa jlousa is offline
Ferris Wheel Hater
 
Join Date: Jun 2006
Posts: 8,371
Not sure if they sold out or not. Also not sure why they are on hold, it doesn't have to mean the project is cancelled, it could be a number of things. We'll have to wait till they provide an update.
Reply With Quote
     
     
  #549  
Old Posted May 22, 2008, 10:08 PM
cc85 cc85 is offline
Registered User
 
Join Date: Apr 2006
Location: Island City
Posts: 451
Sky was sold out in a short time. There are no development applications holding up the project. The only thing that would hold it up would be construction costs.
Reply With Quote
     
     
  #550  
Old Posted May 23, 2008, 4:54 AM
raggedy13's Avatar
raggedy13 raggedy13 is offline
Dérive-r
 
Join Date: Mar 2006
Location: Vancouver, BC
Posts: 4,450
I thought Skytowers sold out so fast they set some sort of North American record.

EDIT: Here's some old info I found... the Sky Towers development sold out all 901 units in just 30 hours. It beat the previous one-day sale record in the region, achieved by Woodward’s, and was reported as being the second fastest sellout ever in North America.
Reply With Quote
     
     
  #551  
Old Posted May 23, 2008, 5:04 AM
mr.x's Avatar
mr.x mr.x is offline
Registered User
 
Join Date: Dec 2003
Location: Stockholm
Posts: 12,805
^ didn't Yaletown Park go out pretty quickly too?
Reply With Quote
     
     
  #552  
Old Posted May 23, 2008, 8:22 AM
SpongeG's Avatar
SpongeG SpongeG is offline
Registered User
 
Join Date: Jun 2006
Location: Coquitlam
Posts: 40,100
where is anvil?
__________________
belowitall
Reply With Quote
     
     
  #553  
Old Posted May 23, 2008, 8:44 AM
worldwide's Avatar
worldwide worldwide is offline
Registered User
 
Join Date: Oct 2007
Location: Vancouver - Ktown
Posts: 704
the hub at univercity is getting a choices market grocery store. the building is now about 2-3 storeys above ground, with another 2-3 to go
__________________
Hieroglyphics yeah, to the kick and the snare like that, there, yeah, we keep it raw rare
Reply With Quote
     
     
  #554  
Old Posted May 23, 2008, 5:07 PM
GMasterAres GMasterAres is offline
Registered User
 
Join Date: Oct 2007
Location: Hamburg
Posts: 3,123
There is probably some bickering with the city about some really small things like happened with Infinity 2/3 that is holding up Sky Towers. Council seems to be really really picky on small things like even what kind of awnings are put on windows. Who knows though.

I do know they wanted to start construction of Sky Towers in April of this year. We're now mostly through May and last I saw they haven't broken ground yet. Tower 2 and 3 for Infinity were delayed just over 6 months due to city hold-ups which then caused some money issues.

I'd find it hard to believe that they would cancel the project though.
Reply With Quote
     
     
  #555  
Old Posted May 24, 2008, 12:49 AM
cc85 cc85 is offline
Registered User
 
Join Date: Apr 2006
Location: Island City
Posts: 451
Quote:
Originally Posted by cc85 View Post
There are no development applications holding up the project.
Reply With Quote
     
     
  #556  
Old Posted May 24, 2008, 2:18 AM
David's Avatar
David David is offline
David
 
Join Date: Dec 2001
Location: Vancouver Island, British Columbia
Posts: 1,453
Quote:
Originally Posted by worldwide View Post
the hub at univercity is getting a choices market grocery store. the building is now about 2-3 storeys above ground, with another 2-3 to go
Great news! I've always thought Univercity needed at least its own grocery store before it could be considered remotely successful..
Reply With Quote
     
     
  #557  
Old Posted May 24, 2008, 5:10 AM
Bert Bert is offline
Registered User
 
Join Date: Mar 2005
Posts: 411
I remember somebody here was saying that the roads where Douglas, Gilmore, and 1st Avenue converge in Burnaby would be reconfigured. I found a diagram of the plan:



Where the diagram points to the two Subject Sites, the density is being transferred from the one (on top) that is being turned into a park/road to the other one, where the existing low rise industrial/commercial buildings will be demolished and replaced by "one high-rise apartment tower in the range of 29 storeys, and street-fronting townhouses along Halifax Street".
Reply With Quote
     
     
  #558  
Old Posted May 24, 2008, 6:12 AM
SpongeG's Avatar
SpongeG SpongeG is offline
Registered User
 
Join Date: Jun 2006
Location: Coquitlam
Posts: 40,100
looks like a much better road configuration


i was out in south surrey/white rock today - that area is nuts with houses going up - the walmart looks huge and so much going on around it

traffic is horrible along 152nd bumper to bumper for miles
__________________
belowitall
Reply With Quote
     
     
  #559  
Old Posted May 24, 2008, 8:49 AM
hollywoodnorth's Avatar
hollywoodnorth hollywoodnorth is offline
Registered User
 
Join Date: Oct 2001
Location: Downtown Vancouver
Posts: 6,394
looks nice......Douglas, Gilmore, and 1st Avenue is a bizzare area at best.
__________________
Quote of the Decade on SSP: "what happens would it be?" - argon007

"orange vested guy" - towerguy3
Reply With Quote
     
     
  #560  
Old Posted May 24, 2008, 10:52 PM
jlousa's Avatar
jlousa jlousa is offline
Ferris Wheel Hater
 
Join Date: Jun 2006
Posts: 8,371
Mini Whilster

I know Squamish isn't a suburb of Vancouver, but it's getting close. Anyways figured this would be the best place to post this. Interesting that Aquilini and Gaglardi are still working together. Guess money cures a lot of hard feelings.
Still lots of work to go before this see the light of day, but at least it's heading in the right direction.

http://www.canada.com/theprovince/news/story.html?id=ca99c1ab-fd2d-4428-aad7-502e5501e42a

Squamish chamber supports massive Garibaldi Resort plan
Bilion-dollar plan calls for golf courses, ski hill

By Susan Lazaruk, The Province
Published: Saturday, May 24, 2008

The Squamish Chamber of Commerce has given its approval to a large development at Brohm Ridge with condos, a ski hill and golf courses, despite opposition from environmentalists.

The massive Garibaldi Resort, proposed by Vancouver billionaire developer families the Aquilinis and Gaglardis, has yet to clear the provincial environmental process.

"The proponents have come forward and asked us for it [the letter of support], so we had a long discussion and debated it and gave it to them," said president Margo Dent.

"It's no different than any other business that proposes to open up" in Squamish," she said.

She said the Chamber businesses support the $1-billion development, which would include 5,700 housing units with 1,700 hotel rooms and 25 ski lifts and two golf courses that would make it about half the size of Whistler.

"We see this as a benefit because we've lost some of the big tax bases we used to have," said Dent, referring for instance to the dying lumber industry.

She said the chamber also looks forward to the jobs the resort will bring in construction and tourism.

But she made it clear to the developers they still have to meet the regulatory requirements standard with any project and to include the district and the community in the planning process.

"A big part of it is the environmental assessment," she said.

"I know a lot of people are up in arms over this, but we support it -- but that's not to say we have the final word," said Dent. "They will still have to answer the questions and the community will have its say."

Catherine Jackson of the Squamish Environmental Conservation Society questioned why the chamber declared its support before hearing from the community in a public meeting planned by city council next month.

And she said the letter "reflects the membership of the board of directors. They didn't poll their members."

"As soon as the letter was published, two business owners came up to me and said they were really, really upset," she said.

She also said the chamber doesn't reflect all businesses or a majority.

"It's not an accurate reflection of how the local businesses feel," said Jackson.

A report from the environmental assessment office was due earlier this month but Mayor Ian Sutherland it has been delayed until the office can get more information.

The assessment is needed before the environment ministry can grant it a water licence under the Water Protection Act.
Reply With Quote
     
     
This discussion thread continues

Use the page links to the lower-right to go to the next page for additional posts
 
 
Reply

Go Back   SkyscraperPage Forum > Regional Sections > Canada > Alberta & British Columbia > Vancouver > Metro Vancouver & the Fraser Valley
Forum Jump



Forum Jump


All times are GMT. The time now is 12:20 PM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2026, vBulletin Solutions, Inc.