Paradox Hotel (1151 W Georgia) | 188m | 67 Fl | Completed - Page 73

hollywoodnorth · #**1441** Posted **May 10, 2012, 8:59 PM**

Quote:

Originally Posted by djh

So which is it, did the tower originally have 163 condos or 123 condos?

Either way, to increase from 1 hundred-and-something condos to 290 sounds like a radical change in FSR. How did that get through zoning without a major fuss?

they would make it 1 HUGE apartment for 1 person ... or 1000 the size of a shoe box and it would have the same FSR.

I really think half the people on the forum don't fully understand what FSR is and think it has something to do with height or number of units or god only knows.

good place to start >> http://en.wikipedia.org/wiki/Floor_Space_Ratio

then read what Jlo said

Alex Mackinnon · #**1442** Posted **May 10, 2012, 9:35 PM**

They probably just turned most of the apartments into smaller 1 bedrooms.

TwoFace · #**1443** Posted **May 11, 2012, 2:13 AM**

Quote:

Originally Posted by Alex Mackinnon

They probably just turned most of the apartments into smaller 1 bedrooms.

This should make it the premiere "rental" building with investors snapping up the majority of those for long term hold.

GMasterAres · #**1444** Posted **May 11, 2012, 5:47 AM**

Yah in simple terms, FSR is simply the total sum of floor space of the building compared to the total size of the land. So a building that is 50 floors high and each floor is X sqare feet would be a certain ratio to the land to get its FSR.

The actual layout of the floors makes absolutely no difference. They could be single floor units or they could be 20,000 shoe boxes. If the dimensions of the building are unchanged, the FSR is unchanged. I'm personally not a huge fan of FSR/FAR but I won't get into that here.

s211 · #**1445** Posted **May 11, 2012, 3:23 PM**

Quote:

Originally Posted by TwoFace

This should make it the premiere "rental" building with investors snapping up the majority of those for long term hold.

At the prices psf we've heard about before in the development proforma (wasn't it $1500 average?), I'd die to know what kind of investor would want to buy, just so that he could enjoy subsidizing his/her renters, because there's no way that rental revenue would cover the ownerhip costs.

phesto · #**1446** Posted **May 11, 2012, 4:05 PM**

If it is still 290 units as in the previous iteration, it will be a fairly even mix between 1 and 2 bedroom units (excluding 2 or 3 floors of penthouse units). I wouldn't be surprised to see some of these combined into 3-bedroom units to bring the total down a bit.

TwoFace · #**1447** Posted **May 11, 2012, 6:45 PM**

Quote:

Originally Posted by s211

At the prices psf we've heard about before in the development proforma (wasn't it $1500 average?), I'd die to know what kind of investor would want to buy, just so that he could enjoy subsidizing his/her renters, because there's no way that rental revenue would cover the ownerhip costs.

Conventional mathematics based on debt vs. return, and looking for a positive or neutral yield of return on you $$$ has been a non-starter in Vancouver's market for many years now.
It's more about an "assumed" annual property market value increase that will mittigate real world rental's negative cash-flow.

If you look at the last 9 years, buying just about anything made money over the long run. Not so sure about now and beyond though.

Nites · #**1448** Posted **May 24, 2012, 8:51 AM**

Any news on this lately?

Jimbo604 · #**1449** Posted **May 24, 2012, 1:35 PM**

Photo credit: me

They are currently digging away, excavating deeper.

Looks like they are piling the dirt on the right (NW) corner so they soon remove it via the usual series of excavators into dump trucks in the alley.

MolsonExport · #**1450** Posted **May 24, 2012, 1:40 PM**

Cripes, that is a long wait just for a big hole.

Hed Kandi · #**1451** Posted **May 24, 2012, 4:51 PM**

..

jlousa · #**1452** Posted **May 31, 2012, 12:48 AM**

Crane installation is set for Jun 9th.

Hed Kandi · #**1453** Posted **May 31, 2012, 1:37 AM**

..

sacrifice333 · #**1454** Posted **May 31, 2012, 1:48 AM**

Quote:

Originally Posted by Hed Kandi

If this thing actually gets off the ground, I pray that the developer doesn't completely botch the glass as has been done to nearly every other tower in this city.

4 WTC is setting an example for how curtain wall glazing should be done - Holborn should take a clue!

http://www.skyscrapercity.com/showthread.php?t=746080&page=171

If only some developers (read WALL FINANCIAL) had things their way... unfortunately the city has a lot of impact as to the ocean of sea foam that we have before us today!

Metro-One · #**1455** Posted **May 31, 2012, 3:32 AM**

Quote:

Originally Posted by jlousa

Crane installation is set for Jun 9th.

Never thought I would hear that for this project, haha!

Hopefully they don't cap it at ground level...

privatejet · #**1456** Posted **May 31, 2012, 8:47 AM**

Heard that it is likely to be branded a Trump property

Hed Kandi · #**1457** Posted **May 31, 2012, 1:53 PM**

..

easy as pie · #**1458** Posted **May 31, 2012, 4:18 PM**

though trump would likely be a major draw for the mainland china investors that this one will likely appeal to, one hopes not.

Coldrsx · #**1459** Posted **May 31, 2012, 4:27 PM**

Quote:

Originally Posted by privatejet

Heard that it is likely to be branded a Trump property

blah

mind you I do like brass

Pinion · #**1460** Posted **May 31, 2012, 5:55 PM**

Quote:

Originally Posted by easy as pie

though trump would likely be a major draw for the mainland china investors that this one will likely appeal to, one hopes not.

That would be ironic considering he's on tv every day criticizing Obama for not "standing up" to China.

I would be really disappointed if Trump's big gold name is on this.