Quote:
Originally Posted by WarrenC12
Will the 2nd tower also be market rental?
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Yes, all three of the currently approved towers, including the two that are actively under construction, are rental for their residential components. A fourth tower is notionally planned for the Rogers Arena site and it would straddle the SkyTrain guideway just before it crosses Expo Blvd. That's far and away the most complex of the four towers and it has not been officially proposed. I think the City has an expectation that it would incorporate an elevated pedestrian extension of Stadium-Chinatown station to help simplify pedestrian flows across Expo Blvd to access the station. That will be a complicated project, so I can see Aquilini keeping it on the back burner for the foreseeable future, plus ~1,000 rental units (if I recall correctly) in the three towers need to be absorbed by the market to start bringing in revenue to repay their investment and I can see them wanting to clear some of their balance sheet before proceeding with a forth. Incidentally, does anyone know if there is a view cone height limit for the Rogers Arena site?