Olympic Village & Southeast False Creek Updates Discussion - Page 135

sacrifice333 · #**2681** Posted **Feb 10, 2011, 6:47 PM**

^Sounds like roughly 15%... so that would bring them down under $450. Still high, but much more manageable.

WarrenC12 · #**2682** Posted **Feb 10, 2011, 7:05 PM**

Quote:

Originally Posted by sacrifice333

^Sounds like roughly 15%... so that would bring them down under $450. Still high, but much more manageable.

How does it manage to do that? Strata maintenance fees are entirely based on the strata budget.

sacrifice333 · #**2683** Posted **Feb 10, 2011, 7:15 PM**

E&Y is proposing eliminating $7M worth of lease & mortgage from the community's books. How? I don't know exactly.

But it's outlined the the G&M article. Relates to the cost of "Club Millennium" being born by the owners as well as leases on the "Green" monitors in each unit.

sacrifice333 · #**2684** Posted **Feb 10, 2011, 7:21 PM**

I came across a little Village horror yesterday...

Before

After - Ok... two different benches, but I hope this isn't foreshadowing!

This area along the sea-wall has been under construction for the last 6 weeks.

More wavey concrete stuff.

Another art installation was installed yesterday on the West side of the Creekside community centre. They're working on the gardens that surround it today. Sorry... no picture.

And an example of what the common areas of the condo buildings within the Village look like right now...

RED dots noting where deficiencies, or just plain old damaged areas, need to be fixed.

wrenegade · #**2685** Posted **Feb 10, 2011, 8:18 PM**

It would be horrific if all of the nice wood stained benches become painted that awful red. It would be bad to have them painted any colour actually.

SFUVancouver · #**2686** Posted **Feb 10, 2011, 9:10 PM**

Quote:

Originally Posted by vanman

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.

Thanks a lot. That's high praise indeed.

Maybe we should all talk about a meet up some time in the spring? Anyone interested?

Quote:

Originally Posted by awvan

One of your most thorough updates, thanks!

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?

Yes, those are community garden plots. Part of the City's ongoing effort formalized by '2010 community garden plots by 2010' effort leading up to the Olympics. I'm very much looking forward to the day when the large wide sidewalks of the east side of Broadway from 12th to 2nd is extended all the way down to the Seawall, as is the plan.

I keep taking photos of SEFC looking down First because more than any other perspective this view has and will continue to be utterly transformed as the neighbourhood builds out. The view may look unchanged from month to month but when you start adding up years the difference is extraordinary. Here is what the view looked like 30 months ago:

The Olympic Village, as seen from the Cambie Street Bridge looking down First Avenue.

Taken by SFUVancouver, July 9th, 2008.

hanko · #**2687** Posted **Feb 11, 2011, 4:32 AM**

Quote:

Originally Posted by sacrifice333

I came across a little Village horror yesterday...

Before

After - Ok... two different benches, but I hope this isn't foreshadowing!

It’s a perfect bed for a homeless. I thought at least a divider is usually put on like the bus top bench.

.

wrenegade · #**2688** Posted **Feb 11, 2011, 5:16 PM**

E&Y Report on the Olympic Village restructuring. It's long, 125 pages or so long.

http://documentcentre.eycan.com/Pages/Main.aspx?SID=168

EdinVan · #**2689** Posted **Feb 11, 2011, 8:20 PM**

Quote:

Originally Posted by hanko

It’s a perfect bed for a homeless. I thought at least a divider is usually put on like the bus top bench.

"A homeless". The way that's phrased sounds insulting and objectifying. How about "a homeless person"?

Canadian Mind · #**2690** Posted **Feb 11, 2011, 8:27 PM**

Quote:

Originally Posted by EdinVan

"A homeless". The way that's phrased sounds insulting and objectifying. How about "a homeless person"?

I thought it was funny.

dreambrother808 · #**2691** Posted **Feb 11, 2011, 8:39 PM**

It's probably more of an ESL issue than an intended insult.

sacrifice333 · #**2692** Posted **Feb 11, 2011, 8:59 PM**

What's sold... what hasn't...

From HoodSurf.com

WarrenC12 · #**2693** Posted **Feb 11, 2011, 9:35 PM**

^^^ Wow that is a lot better than I thought. It still seems pretty dead, although the community centre is always busy. Get those social spots filled too...

Hed Kandi · #**2694** Posted **Feb 12, 2011, 1:21 AM**

Quote:

Originally Posted by EdinVan

"A homeless". The way that's phrased sounds insulting and objectifying. How about "a homeless person"?

How about 'a person whose life is in transition'?

hanko · #**2695** Posted **Feb 12, 2011, 4:12 AM**

Quote:

Originally Posted by dreambrother808

It's probably more of an ESL issue than an intended insult.

You got it, I never intended to insult anyone. I normally don't see public benches like that here or other parts in the world.

Yume-sama · #**2696** Posted **Feb 13, 2011, 7:04 PM**

CBC is now reporting the prices are being cut "on average" 30% and up to 50% for when they go on sale February 17th, for a loss of around $150 million.

Will be interesting to see how it sells then.

It's still pretty remarkable how the government managed to mis-manage something like real estate on a prime waterfront location in a city where a house can sell $300k over asking with 84 offers, by building to fit a super small niche group of buyers who likely would never have the funds to spend the hundreds of thousands over "average" that they were forced to ask.
http://www.cbc.ca/canada/british-columbia/story/2011/02/10/bc-olympic-village-plan.html

Mmm. And these are the people who run our lives lol

Not surprisingly the 50% cut doesn't sit well with previous buyers...

In the end they will be about the same price as other developments in the area, so it shouldn't affect prices of neighbouring developments. In some instances they were $300 - $500 per square foot more than developments right across the street, of similar quality, just no recycled rain water ending up in your toilet.

dreambrother808 · #**2697** Posted **Feb 13, 2011, 8:14 PM**

The development priced itself out of the market in many ways. Walking around the village, you can see how expensive everything is, the landscaping, the parks, the buildings. Everything is high end and therefore expensive.

Blaming all of the pricing woes on the LEED factor is a bit shortsighted.

The developers and the city planned this in a very different market. They thought they could get a good return on this risk that didn't seem so risky at the time.

Yume-sama · #**2698** Posted **Feb 13, 2011, 8:36 PM**

It's not *all* the LEED's fault, though it is a big part of it. I'm aware of a small infill that had a hard time finding buyers for a 30% premium with only 12 units at LEED Platinum in North Vancouver. This type of experiment should never have been allowed on a scale 100 times larger. It is true it's QUITE extravagant, even the social housing, it shows bad planning and fiscal management everywhere.

I'm more inclined to blame the government than the developer, because you best believe the government was the "client" and the developer built to their wishes.

There was no point at buying in the OV when prices are $1100 - $1500 per square foot, and the rest of the surrounding area is $600 - $900.

Even downtown at its biggest peak was far less than $1200 on average for new developments during the pre-sale rush (excluding 3HG, Georgia, etc.)

The sensationalist media doing their best to sabotage the projects reputation all along the way didn't help, either

jsbertram · #**2699** Posted **Feb 13, 2011, 10:30 PM**

Quote:

Originally Posted by sacrifice333

What's sold... what hasn't...

From HoodSurf.com

I wonder if those 8 owners living in the "Parcel 3" buildings will be happy just to have Someone -- ANYONE new moving into their buildings.

It would creep me out being the only person living in a building, but I could crank up the music knowing nobody's gonna complain.
Not even from across the street (the completely empty buildings in "Parcel 4")

jsbertram · #**2700** Posted **Feb 13, 2011, 10:34 PM**

Quote:

Originally Posted by Yume-sama

It's not *all* the LEED's fault, though it is a big part of it. I'm aware of a small infill that had a hard time finding buyers for a 30% premium with only 12 units at LEED Platinum in North Vancouver. This type of experiment should never have been allowed on a scale 100 times larger. It is true it's QUITE extravagant, even the social housing, it shows bad planning and fiscal management everywhere.

I'm more inclined to blame the government than the developer, because you best believe the government was the "client" and the developer built to their wishes.

There was no point at buying in the OV when prices are $1100 - $1500 per square foot, and the rest of the surrounding area is $600 - $900.

Even downtown at its biggest peak was far less than $1200 on average for new developments during the pre-sale rush (excluding 3HG, Georgia, etc.)

The sensationalist media doing their best to sabotage the projects reputation all along the way didn't help, either

The politicians giving reporters sensational quotes that sabotaged the projects' reputation all along the way didn't help, either