Quote:
Originally Posted by vanciti
The property has been sold 2 times since 2011.
Beach Place Ventures owned it from 1991 to 2011 (Black Top Cabs)
A numbered company bought it in 2011
Vantage Pacific Developments bought it in 2013
The fact that the city didn't force Gillespie to buy it is actually quite sickening, there are almost no other developers in the City that could have gotten away with this. The site is massively contaminated from the former gas station which SHOULD have been a factor in the City forcing Westbank to purchase it and remediate it and the adjacent City lands as part of the Development Approval.
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The City had already sold their land directly to Gillespie in 2010 without going through a public tendering process which in itself is highly suspicious since the policy that allows City-owned properties to be sold directly to a single developer requires the developer to prove that a site is too small to support an economically viable project, or one that "benefits" the neighbourhood by introducing "needed" commercial space. The sale was actually formally completed this year, since the sale was conditional on City rezoning approval. This is why I found it laughable that people thought the rezoning might not be approved; if there was ever a rubber-stamped rezoning, this was it! Why would Vision councilors potentially diminish the value of City-owned land by rejecting the rezoning. Furthermore, I've written here before about the fact that the City's only significant increase to height limits under the 2011 Vancouver view cone review
just happened to include this site, one year before the rezoning application was to be made. Coincidence? I could also get into an analysis of the CAC for this project, which was simply too low, but that is a topic for another discussion.
Back to the point though, forcing the acquisition of the corner lot would've actually weakened the City's ability to rationalize sole sourcing the sale of City-owned property on the Northern part of the block to Gillespie and would've certainly delayed the project. Clearly a delay was not desirable to Gillespie and the City acquiesced.
I wouldn't say there are
almost no developers that would get away with this, I would say there are definitely none that would.