Downtown Vancouver Updates

[johnjimbc]

I noticed it via MLS, checking it out after reading the article about ASPAC development sales during the Olympics.

Someday I'll stop reaching back to the comparisons , but DC experienced a similar phenomenon about a decade ago as the city finances improved and the downtown started becoming highly desirable again. Folks moving from NYC would go ga-ga at the low prices as compared to Manhattan . . . they'd be like "Wow! For the price of my antiquated 2-bdrm flat in the Upper East side, I can buy a fully renovated heritage row home in historic Dupont or Kalorama . . . where do I sign?"

And the people who bought those homes did quite well. The revitalized downtown neighborhoods continued to see values climb most of the decade, and have kept most of the increased value even as US housing has faltered severely the past few years.

I'm not sure it's a lasting phenomenon here in Vancouver - or if it should be (as others have mentioned). But I do think it would be good to have the inventory in that part of the market reduced a bit. Will be interesting to see what the data shows over the next couple of months.

[vansky]

what about the poor, the revolutionaries, hahaha....

[Yume-sama]

Originally Posted by johnjimbc

I noticed it via MLS, checking it out after reading the article about ASPAC development sales during the Olympics.

We have new Penthouse owners to get to know. To invite ourselves over for a rooftop dinner...

I'll bring the rolls.

[red-paladin]

Originally Posted by vansky

what about folks in the not affordable rank, a city that neglects the benefit of the poor to a degree will be tear down by the people, u dont want gaps to further, since it creates a class of revolutionary at the end.

First worry about grammar, then class warfare.

[vansky]

man, dont worry about grammar, worry about urself first...hahha

[privatejet]

The Rolston is using Twitter as a pre-marketing ploy

http://twitter.com/TheRolston

And there is this rendering of GM Place condos (Aquilini)

[Dylan Leblanc]

Those sure are squeezed in there. Is that for real? Won't be able to get clear views of GM Place from the air.

[Hed Kandi]

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[jlousa]

Try 15yrs not 5, but yes it will be incredible.

[WarrenC12]

Originally Posted by jlousa

Try 15yrs not 5, but yes it will be incredible.

It reminds me of the Carribean more than False Creek. Then again, it's a rendering, not a real picture.

[s211]

Originally Posted by Zassk

They are increasing the net worth of every regular joe who owns a little piece of real estate anywhere in the region.

Or making it immensely less possible for those not yet able to get into the market.

[wrenegade]

I'd love to see a marina like that in False Creek, complete with an Azimut yacht or two. Unfortunately creekside park won't look like that, have to add a couple towers. Still will be sweet. Every time I visit my buddy's place in Mariner I like the area more and more.

[agrant]

So they keep the viaducts and remove Pacific Blvd. And somehow they've transplanted a portion of Florida into the mix.

[s211]

Originally Posted by agrant

So they keep the viaducts and remove Pacific Blvd. And somehow they've transplanted a portion of Florida into the mix.

And got rid of the BC Pavillion and surrounding buildings. Laughable.

[mr.x]

woah....that's incredible, but I'm looking at Google maps right now and I've got no idea how they're gonna fit it in there. And I suppose this also means GM Place will likely be around for a long, long, long...long time to come.

Are there 3 or 4 buildings in there?

[Yume-sama]

Some demolition and a few thousands gallons of food coloring and we're there!

[trofirhen]

Originally Posted by SpongeG

a lot of gay people have that lifestyle and they like Vancouver and buy here - I know some people who pop up from the states once in a while to a condo here - same as a lot of gay people here have pads down in palm springs or mexico - having two good incomes and no kids leaves you with more to snap up real estate

Sausalito is one of the most beautiful, charming, and expensive towns in the USA. Ever been there?

[officedweller]

Originally Posted by privatejet

And there is this rendering of GM Place condos (Aquilini)

Cool, thanks.

Looks like the towers will be on every plaza space surrounding GM Place.
The most northerly one must straddle the SkyTrain tracks.
The middle one must be built on the existing corner of GM Place.
The southerly one has lost of plaza space to build on.

Two of the three towers (excluding the northerly one) appear on the Concord model that HollywoodNorth posted pics of:

[NetMapel]

Why would you build condos so close to GM Place ? It will be noisy and the people living there will definitely complain.

[Hed Kandi]

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