Olympic Village & Southeast False Creek Updates Discussion - Page 134

sacrifice333 · #**2661** Posted **Feb 8, 2011, 7:43 PM**

Quote:

Originally Posted by mr.x

I just hope that they stop mentioning how it's a boondoggle of sorts and that there's lots of social housing....it doesn't help sales at all.

It's only a boondoggle because it's not fully occupied and it's only not fully occupied because it's priced too high.

As soon as the city can realize that cost /= value, and hopefully they already have, then this community will be a huge success!

hollywoodnorth · #**2662** Posted **Feb 8, 2011, 9:59 PM**

good news on the renaming! very smart move

BCPhil · #**2663** Posted **Feb 8, 2011, 10:46 PM**

Quote:

Originally Posted by sacrifice333

New website... guess they're going to completely re-brand it. No more 'millennium'?!

The Village on False Creek

Good! I always thought Millennium Water was the worst name ever conceived. Not only is it 10+ years too late for the millennium, but the name distanced itself from one of its biggest redeeming qualities, the Olympics. The village, sounds a bit more quaint, and paints a vivid picture of a self contained community inside the city, and relates perfectly to it's origins as the Olympic Village.

wrenegade · #**2664** Posted **Feb 9, 2011, 1:44 AM**

It was named Millennium Water because it was being built by a company named Millennium. I thought most people could figure that out. Anyways, I wish Rennie the best of luck with this thing, and god help him if the Anti-Poverty committee occupy the Village like they claim they will starting February 12th. If so the media shit storm will begin anew.

SpongeG · #**2665** Posted **Feb 9, 2011, 4:52 AM**

haha no doubt re the millennium name i thought it was obvious

madmigs · #**2666** Posted **Feb 9, 2011, 6:36 AM**

Newsflash - apparently Aquilini is in talks again with CoV now that the price has come down to buy out the remaining unsold market units. At least that's what the Global News preview for 11 PM tonight said.

Update - just watched the report and apparently that's an old offer but that the Aquilini group(and even others) are still interested in buying the remaining 450 units.

SpongeG · #**2667** Posted **Feb 9, 2011, 8:00 AM**

what would they do with them?

whatnext · #**2668** Posted **Feb 9, 2011, 8:06 AM**

Quote:

Originally Posted by SpongeG

what would they do with them?

According to the same newscast "market them to Asian buyers". Because Lord knows that would be a brilliant new switch for Vancouver...

SFUVancouver · #**2669** Posted **Feb 9, 2011, 11:54 PM**

SEFC from Cambie and Second Avenue.

Taken by SFUVancouver, February 9th, 2011.

SEFC from the Cambie Street Bridge, looking down First Avenue.

Taken by SFUVancouver, February 9th, 2011.

Pinnacle Living False Creek.

Taken by SFUVancouver, February 9th, 2011.

Maynards Block.

Taken by SFUVancouver, February 9th, 2011.

Maynards Block project detail.

Taken by SFUVancouver, February 9th, 2011.

Taken by SFUVancouver, February 9th, 2011.

Pinnacle Living False Creek from Second and Yukon.

Taken by SFUVancouver, February 9th, 2011.

Pinnacle Living False Creek from the laneway.

Taken by SFUVancouver, February 9th, 2011.

Mount Pleasant substation render.

Taken by SFUVancouver, February 9th, 2011.

Mount Pleasant substation excavation.

Taken by SFUVancouver, February 9th, 2011.

Pinnacle Living False Creek from Second and Crowe Street

Taken by SFUVancouver, February 9th, 2011.

They are putting up what looks like stone or masonry panels on the northern side of the building in lieu of the white spandral panels that address Second Avenue. They are still grey but they do add some much needed texture. Alas, I don't think the photo conveys this too well.

Taken by SFUVancouver, February 9th, 2011.

James

Taken by SFUVancouver, February 9th, 2011.

Hinge Park, as it is known until the Park Board officially dedicates it with a name from their list, offers one of my favourite views of BC Place.

Taken by SFUVancouver, February 9th, 2011.

Work continues on Crane Park.

Taken by SFUVancouver, February 9th, 2011.

The Olympic Village / Millennium Water has had another merchant open: TD Bank.

Taken by SFUVancouver, February 9th, 2011.

The plaza offers another great view of BC Place.

Taken by SFUVancouver, February 9th, 2011.

The plaza on the north side of Athletes Way is nearly complete.

Taken by SFUVancouver, February 9th, 2011.

London Drugs is coming along in the Olympic Village / Millennium Water / Village on False Creek.

Taken by SFUVancouver, February 9th, 2011.

First and Main from the Olympic Village / Millennium Water / Village on False Creek / Bob Rennie's ulcer

Taken by SFUVancouver, February 9th, 2011.

A temporary view of the neighbourhood thanks to Pinnacle's temporary park.

Taken by SFUVancouver, February 9th, 2011.

Demolition/deconstruction work continues on the Opsal Steel heritage building.

Taken by SFUVancouver, February 9th, 2011.

First and Main social housing

Taken by SFUVancouver, February 9th, 2011.

There was a big traffic jam on Main Street due to some road work at Main and Second Avenue that took out the curb lane.

Taken by SFUVancouver, February 9th, 2011.

More of the First and Main social housing building.

Taken by SFUVancouver, February 9th, 2011.

wrenegade · #**2670** Posted **Feb 10, 2011, 12:31 AM**

One of your most thorough updates, thanks!

Quote:

Originally Posted by SFUVancouver

SEFC from the Cambie Street Bridge, looking down First Avenue.

Taken by SFUVancouver, February 9th, 2011.

In the bottom left hand corner there, is this a new park or some sort of temporary space/community garden? Anyone?

canucks23 · #**2671** Posted **Feb 10, 2011, 1:06 AM**

These buildings are nice. Too bad theres no one living in them

giallo · #**2672** Posted **Feb 10, 2011, 1:28 AM**

Excellent updates, SFU.

squeezied · #**2673** Posted **Feb 10, 2011, 1:45 AM**

Quote:

Originally Posted by SFUVancouver

I see that you do like taking pics of buses!

agrant · #**2674** Posted **Feb 10, 2011, 2:23 AM**

For Crane Park, I would have thought that they'd erect the crane before putting down top soil. Oh well.

vanman · #**2675** Posted **Feb 10, 2011, 9:45 AM**

Thanks for all the quality updates SFU. You along with OD, Jlousa, and Locked_In really are what make this forum great. You guys all deserve a round of beers at the very least for all the effort.

Millennium2002 · #**2676** Posted **Feb 10, 2011, 1:59 PM**

I wonder when they're going to reinstall the railway tracks towards Science World... because just terminating the historic TRAMS cars at Olympic Village doesn't give them enough publicity and exposure I think.

vanlaw · #**2677** Posted **Feb 10, 2011, 2:40 PM**

http://www.theglobeandmail.com/news/nati...ge-plans-condo-fire-sale/article1901656/

Quote:

In the last-ditch effort to sell what has become Vancouver’s financial albatross, the Olympic village receiver is due to file a plan with the court Thursday that includes a new name, price reductions of up to 50 per cent on a new phase of condo sales, and a $7-million sweetener for buyers that will pay off the health-club mortgage and the hefty lease costs for the project’s signature energy-use

........................

The plan also outlines a strategy of holding back 140 of the most expensive condos until the luxury market is better and renting out as many as 110 high-end units just to get rid of the village’s ghost-town feel.

There are no specific prices listed in the plan.

wrenegade · #**2678** Posted **Feb 10, 2011, 4:19 PM**

I'm really curious how many unit will actually be reduced by 50%. That seems insane. They might as well rent those ones out for a couple years first then try and resell at those prices. What a mess this is. Anyone know when Wall will start construction? I have to imagine occupancy for those buildings aren't until late 2012/early 2013, which is unfortunate. It'd be nice to get more people down there sooner.

sacrifice333 · #**2679** Posted **Feb 10, 2011, 6:16 PM**

It sounds "insane" but if they want to sell them they'll need to get quite a bit closer to the 50% than 20% numbers that have been thrown around.

Ex. V854081 SW 2BR / 2BA + Storage w/ Wrap Around Deck on the 5th floor of 181 W 1st was listed at $1.38M, 1094 square feet, 5th floor. Dropped to $1.298M.

Decent views over Hinge Park, but will have views blocked by further development North of 1st as well as the Elementary School.

My assumptions are that the original price with GST was somewhere around $1.38M... assuming that the original purchaser is not an idiot and was just trying to get their money out.

So at an 'original' $1.38M, it's priced at $1261/sq ft. At 25% discount it's still $946/sq ft or $1.035M. At a 50% discount it's $630/sq ft or $690K.

Wall Centre False Creek has some NW penthouses of roughly 1100 square feet listed at $699K!

golog · #**2680** Posted **Feb 10, 2011, 6:42 PM**

For that link sacrifice333 posted, http://www.realtor.ca/propertyDetails.aspx?propertyId=10026209&PidKey=-921755175
How much would E&Y's proposal lower the $520 per month in maintenance?