Quote:
Originally Posted by PaperTiger
I don't recall if they released anything in terms of drawings at the time but I remember seeing a piece that mentioned 3.2 (or was it 3.6?) FAR gross. They were really aggressive about it and had hired Jim Green as a consultant to help them push it through. In the end he quit because he couldn't work with them.
The city thought the should be at 2.0-2.2 FAR which would match Arbutus walk.
In the end its 2.8 FAR, seven years later. If the market hadn't been on such a ridiculous tear they probably would have lost a tonne of money. As it is I think they will be more than fine.
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What exactly was the excuse for demolishing the existing buildings before they had a set in stone approved replacement?
7 years is a long time for a huge property and paltry that they are only adding 10 additional affordable housing units to what existed. Does nobody pay attention to the vacancy crunch or does everyone involved live in ignorance? The market units will not be affordable if they are rented out.
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