Posted May 3, 2016, 6:03 AM
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Registered User
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Join Date: Aug 2014
Location: Vancouver
Posts: 713
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Info on the Bay Parkade site, including the heritage building at 500 Dunsmuir. No way they're breaking ground in 2018 though...
Quote:
Son of one of Malaysia's wealthiest tycoons planning Vancouver developments
The son of one of Malaysia’s wealthiest tycoons has finished selling the $360-million Trump Tower and is now preparing rezoning applications for the rest of his family’s Vancouver landholdings.
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Joo Kim said he plans next to develop the $300-million, 15-acre Little Mountain site his family bought from the B.C. government in 2007, with hopes to market the first residential units in spring 2017. After receiving initial city approval in 2013 for his plans to build up to 10 mid-rise towers with 234 social-housing units among about 1,400 new homes at Little Mountain, Joo Kim applied for increased height and density last fall. A public hearing is due this summer.
Simultaneously, Joo Kim is working on plans for a major rezoning at Vancouver’s prime downtown redevelopment site, the block bounded by West Georgia, Seymour, Dunsmuir and Richards streets, on lots mostly owned by his family. He hopes to break ground in 2018 for a large mixed-use development that will include retail, office, hotel and residential units.
He will have to decide how to proceed with 500 Dunsmuir, a large plot that houses a heritage-designated and social-housing-encumbered building. The Dunsmuir Hotel has been vacant since 2013 when impoverished residents were moved to other sites. The developer would have to obtain a permit from the city to demolish or repurpose the building for market housing.
“We are exploring all options with regards to what is the best use of 500 Dunsmuir building,” Joo Kim said.
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Sam Cooper
May 1, 2016
The Vancouver Sun
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http://vancouversun.com/business/local-b...-tycoons-planning-vancouver-developments
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