Suburban Updates - All Other Metro Vancouver Municipalities - Page 119

SpongeG · #**2361** Posted **Aug 29, 2012, 6:14 PM**

don't forget shapes plans for lougheed mall as well

Quote:

Lougheed Town Centre is to undergo a redevelopment and densification plan that calls for approximately 2 million square feet of mixed-use density to be built out. Much like Brentwood Town Centre, completion of Lougheed's redevelopment will result in a signature urban destination that is an attractive home for residents, workers and businesses, and a draw for the residents of Burnaby and beyond.

http://www.shapeproperties.com/our-places/lougheed-town-centre

renders here http://www.shapeproperties.com/sites/def...0Brochure%20-%20January%2012,%202012.pdf

Dave2 · #**2362** Posted **Aug 30, 2012, 12:03 AM**

Another tower proposal for North Burnaby

http://www.burnabynewsleader.com/news/167605565.html

http://goo.gl/maps/d5Z4q

osirisboy · #**2363** Posted **Aug 30, 2012, 12:05 AM**

I drove past boundary and lougheed today and noticed that large parcel of land on the north east corner has been sold and there were crews out clearing the site. does anyone know whats planned for there?

Also, Park royal is moving along with their expansion. the parkade in front of the south mall is coming down pretty fast.

osirisboy · #**2364** Posted **Aug 30, 2012, 12:11 AM**

Quote:

Originally Posted by Dave2

Another tower proposal for North Burnaby

http://www.burnabynewsleader.com/news/167605565.html

http://goo.gl/maps/d5Z4q

I'M assuming this is different then the project that has the sales centre up. I can't remember what that one is called.

BodomReaper · #**2365** Posted **Aug 30, 2012, 2:38 AM**

Does anyone know who controls Sharpe Properties? They must have some serious institutional or offshore backing to embark on two projects of the magnitude of what we're seeing with Brentwood and Lougheed malls.

SpongeG · #**2366** Posted **Aug 30, 2012, 4:37 AM**

not too much info:

Company Overview
Shape Properties Corp. engages in real estate investment and development activities in North America. It focuses on acquiring existing shopping centers that are suitable for densification, redevelopment, or repositioning, as well as large development sites for retail or mixed use development. The company was founded in 2005 and is based in Vancouver, Canada.

Mr. John Horton
President

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=104712565

VanK · #**2367** Posted **Aug 30, 2012, 4:59 PM**

From what I have heard Shape is backed by mostly local (BC/Alberta) private money. They are not a residential builder and would partner with an established residential builder to build the towers - the guys at Mosaic Homes are close with Shape Properties and are/were supposed to partner with them in building the towers - but as Mosaic is not a tower builder - I suspect that it will eventually be another builder.... this is all from heresay and I don't have any reliable sources on the above info.

VanK · #**2368** Posted **Aug 31, 2012, 4:27 PM**

Quote:

Originally Posted by osirisboy

I drove past boundary and lougheed today and noticed that large parcel of land on the north east corner has been sold and there were crews out clearing the site. does anyone know whats planned for there?

Also, Park royal is moving along with their expansion. the parkade in front of the south mall is coming down pretty fast.

That was purchased by Open Road Auto Group (7.413 acres) zoned for commercial only.

phesto · #**2369** Posted **Aug 31, 2012, 5:17 PM**

Quote:

Originally Posted by BodomReaper

Does anyone know who controls Sharpe Properties? They must have some serious institutional or offshore backing to embark on two projects of the magnitude of what we're seeing with Brentwood and Lougheed malls.

Shape is a local privately funded group, but their acquisition of those two malls was made possible by joint ventures with two large pension funds. Brentwood was in partnership with the Hospitals of Ontario Pension Plan, and Lougheed was with Greystone, a pension fund manager.

As VanK suggested, there is rumour that Shape will sell their interest or partner with an established developer before building out Brentwood.

BodomReaper · #**2370** Posted **Sep 1, 2012, 1:10 AM**

Quote:

Originally Posted by phesto

Shape is a local privately funded group, but their acquisition of those two malls was made possible by joint ventures with two large pension funds. Brentwood was in partnership with the Hospitals of Ontario Pension Plan, and Lougheed was with Greystone, a pension fund manager.

As VanK suggested, there is rumour that Shape will sell their interest or partner with an established developer before building out Brentwood.

Thanks for the info!

Also interesting to hear about the residential partner. I know Mosaic have never built a tower, but ParkLane have never built a tower either and now they're going to build 4 at the Brewery District...

whatnext · #**2371** Posted **Sep 14, 2012, 7:54 PM**

The south Tower of Emerald in Richmond nearing completion (and still units for sale). I it just me, or compared to the photos in this thread from a year ago, work seems to be going pretty slowly. Nice curve to the roofline to break up Richmond's tabletop skyline.

[IMG]

[/IMG]

osirisboy · #**2372** Posted **Sep 14, 2012, 8:04 PM**

sales update:
Mandarin residences in richmond have sold over 250 units. This is the project at the very end of Canada line

BodomReaper · #**2373** Posted **Sep 18, 2012, 6:16 AM**

First rendering I've seen of Cressey's M3, which will be Coquitlam's tallest at 42 floors. Contains similar elements to Elan:

SpongeG · #**2374** Posted **Sep 18, 2012, 6:20 AM**

thats one building i can't wait to see start going up - that corner has sat empty/messy for so many years

Dylan Leblanc · #**2375** Posted **Sep 23, 2012, 11:59 PM**

Thanks for the updates guys :-)

I came across this project named Gateway on the Buttjes Architecture website. It's for an area near the Gateway skytrain station in Surrey. Have we already seen this or is it something new or maybe just a study by the architect?

More pix and info - http://www.buttjesarchitecture.com/projects.php then click the Gateway link

VanK · #**2376** Posted **Sep 25, 2012, 4:53 PM**

Quote:

Originally Posted by phesto

Shape is a local privately funded group, but their acquisition of those two malls was made possible by joint ventures with two large pension funds. Brentwood was in partnership with the Hospitals of Ontario Pension Plan, and Lougheed was with Greystone, a pension fund manager.

As VanK suggested, there is rumour that Shape will sell their interest or partner with an established developer before building out Brentwood.

Quote:

Originally Posted by VanK

That was purchased by Open Road Auto Group (7.413 acres) zoned for commercial only.

Open Road Auto has applied to construct a mixed-use development which would include office, auto sales and service, with accessory restaurant, retail, and commercial uses.

VanK · #**2377** Posted **Oct 15, 2012, 5:01 PM**

Richmond News: Amacon has applied to build 237 units + CRU in 3 x 7-11 storey mid-rise buildings @ 7680/7720 Alderbridge Way (@ Landsowne).

officedweller · #**2378** Posted **Oct 16, 2012, 12:16 AM**

Saw an ad in the paper for Elliot St. condos in New Westminster (19 storeys it seems) -

Official wesbite doesn't have anything:

http://www.censorio.com/

Found floorplans etc. here:

http://www.jamesgarbutt.com/more-informa...t-street-development-in-new-westminster/

Kwik-E-Mart · #**2379** Posted **Oct 22, 2012, 4:32 AM**

I think we will have to do some rewording on the main draw of condo developments in Metro Van: from "location, location, location" to "SkyTrain, SkyTrain, SkyTrain" - where on-site and nearby amenities are mentioned after rapid transit in many sales brochures.

GeeCee · #**2380** Posted **Oct 24, 2012, 1:38 PM**

Apparently Onni has having problems selling units in Dominion Triangle.. http://www.tricitynews.com/news/175501171.html