Metro Vancouver Restaurant News thread

[osirisboy]

Originally Posted by RDW989

Hook has replaced/opened at the Milestone's location on English Bay.

Very busy last night, my pix, July 17
[IMG]Untitled by RDWyvr, on Flickr[/IMG]

Lol it's funny seeing that there is still a pay phone there

[jollyburger]

It will be interesting to see how well they do, there are actually a lot of food options in the area now.

[WarrenC12]

Everybody jumping on the craft beer bandwagon. It's another chain, but if it's not Donnelly Group I'll consider it a win.

[LeftCoaster]

I was there last weekend, it was packed.

Food was great except the shrimp which was very overcooked.

Lobster guac and shrimp BLT were fantastic though.

[jollyburger]

Well their sign says they serve "bier" which certainly spells the end of this fad.

[SpongeG]

Originally Posted by WarrenC12

Everybody jumping on the craft beer bandwagon. It's another chain, but if it's not Donnelly Group I'll consider it a win.

cactus club opened a tap house format in toronto called kings taps, I wonder if they will open the concept here or maybe they have under a different name

[giallo]

I went to Savio Volpe the other day. Fantastic food. Big recommendation.

[whatnext]

Originally Posted by giallo

I went to Savio Volpe the other day. Fantastic food. Big recommendation.

Second that. Well worth a try.

[SKYSTHELIMIT]

Originally Posted by giallo

I went to Savio Volpe the other day. Fantastic food. Big recommendation.

It's on our list for sure, was at Les Faux Bourgeois at the other end of the street. I recommend that one as well.

[Feathered Friend]

Going by Vera's by Broadway and Granville, I noticed it was shuttered. It's sort of a shame as they just went through a rather large renovation not that long ago. It seems like a fair amount of the retail between the Granville Bridge and Broadway is also sitting vacant, so I can't help but wonder if there has been an increase in lease rates in the area.

[jollyburger]

Originally Posted by Feathered Friend

Going by Vera's by Broadway and Granville, I noticed it was shuttered. It's sort of a shame as they just went through a rather large renovation not that long ago. It seems like a fair amount of the retail between the Granville Bridge and Broadway is also sitting vacant, so I can't help but wonder if there has been an increase in lease rates in the area.

In a Direct Message on Twitter, a Vera’s spokesperson told me that landlord of 1455 West Broadway wanted to increase the already high rent another 30-plus percent.

https://sqwabb.wordpress.com/2017/07/21/was-the-veras-on-west-broadway-the-weak-link-in-the-chain/

[retro_orange]

Typical. What's this resounding hollow sound I hear...

[SpongeG]

who sets the assessment rates? how do they think businesses can afford them, its like they want businesses to grow and be there but we end up with so many empty store fronts cause of ridiculously high assessment rates.

[Changing City]

Originally Posted by SpongeG

who sets the assessment rates? how do they think businesses can afford them, its like they want businesses to grow and be there but we end up with so many empty store fronts cause of ridiculously high assessment rates.

"BC Assessment operates as an independent, provincial Crown corporation, governed by a Board of Directors and is accountable to the Government of BC". They set the rates based on market transactions. The land values here will reflect the prices paid for sites nearby in the same zoning, and what could be built here (so condos over retail). It shouldn't anticipate any potential rezoning, which would change the land values even more.

[officedweller]

Downtown Vancouver’s Cloud 9 Revolving Restaurant will close its doors for good on September 30
http://www.straight.com/food/942906/down...t-will-close-its-doors-good-september-30

[theKB]

Originally Posted by Changing City

"BC Assessment operates as an independent, provincial Crown corporation, governed by a Board of Directors and is accountable to the Government of BC". They set the rates based on market transactions. The land values here will reflect the prices paid for sites nearby in the same zoning, and what could be built here (so condos over retail). It shouldn't anticipate any potential rezoning, which would change the land values even more.

a ha...

So in that cluster of buildings...

1465 West Broadway - $11.8 million
1451 west Broadway - $6.8 million
1441 west broadway - $6.8 million
1431 west broadway - $6.8 million

All of those buildings in reality should be torn down and my guess is that a few parties own those buildings and they are all waiting to buy each other out which is very typical along the broadway corridor. Small time landlords that don't care about their buildings or even if the spaces are occupied frankly. It shows when its a simple "for lease" sign by the owner that they don't even want to have a proper agent to market the space.

This is the reality of vancouver. The commercial space is far too expensive with a combination of crazy land values that by association make for insane property tax assessments. Here is a crazy example. There are a few buildings on 4th ave just west of burrard on the south side, there you will find a few small CRU that have ~1000 square feet. Those spaces will be assessed 38000/year in property tax. ~40 bucks per foot in addition to their yearly rent. That is with an assessed value of 2.5 million

[theKB]

Bella Gelateria has been put up for sale. No wonder the olympic village location still hasn't been built out.

[sunsetmountainland]

Asian franchise restaurants flock to British Columbia
Province’s heady mix of Asian cultures and abundant natural food draws chains from Southeast Asia, China and Japan

Metro Vancouver has become ripe as the landing spot for a new type of import: overseas restaurant franchises.

The latest example of a new restaurant making its way to Vancouver is the Holy Crab, a Louisiana-style seafood eatery that originated in Indonesia and now counts a number of locations across the Southeast Asian nation.

The Vancouver franchise on Robson Street opened in February and has since developed a steady stream of diners who come for southern U.S. cuisine with a pinch of Southeast Asia. The twist is a unique proposition that’s central to its market strategy, said co-owner/chef Henri William.

“The Asian community here in Vancouver is quite significant, so it was one of the reasons why we decided to come here because we do have a touch of Asian taste in our sauces,” said William, an Indonesian native who moved to Vancouver in 2003.

In recent years, a number of Asian food chains have made landings in Vancouver. Most have been franchises, but some – like the Holy Crab – are wholly or partially owned branch locations for the holding companies that also own the Asia portion of their business.

Some of the most prominent recent examples include Hokkaido Ramen Santouka, which opened a second store in January on West Broadway after the success of its inaugural Robson location. The restaurant, which often has long lines stretching from its entrance during mealtime, is part of a global franchise network started by ramen chef Hitoshi Hatanaka in Asahikawa, Japan, in the 1980s.

Today, Santouka’s holding company, About Co., counts 32 locations around the world.

Another big player in overseas franchised restaurants is Taiwanese cuisine, with restaurants like Chef Hung Taiwanese Beef Noodle having locations in Richmond, West Vancouver and the University of British Columbia. More recently, Taiwanese tea retailer Chatime began expanding into B.C. with Vancouver and Surrey stores.

http://www.westerninvestor.com/news/fran...nts-flock-to-british-columbia-1.22245654

[Jimbo604]

Photo Source: me

Reference: Daily Hive - Chipotle opening at Broadway and Cambie

Sep 10th photo. Chipotle Grill opening sometime...

[osirisboy]

What an underdeveloped site!