Seems like the Sahotas dumped the Cobalt Hotel. Boxcar is getting evicted in 30 days. City of Vancouver/BC Housing purchase?
Seems unlikely. Whoever the new owners are they're also apparently terminating the lease on Pizza Farina. City and BC Housing projects generally welcome commercial tenants on the main floor, like the bar at the American, or the design company in the office across the street from the Cobalt.
Seems unlikely. Whoever the new owners are they're also apparently terminating the lease on Pizza Farina. City and BC Housing projects generally welcome commercial tenants on the main floor, like the bar at the American, or the design company in the office across the street from the Cobalt.
I think that whole building has to go though. It's in pretty terrible shape.
I think that whole building has to go though. It's in pretty terrible shape.
That could be the explanation. If there's a deal to purchase it and replace or refurbish it (rather than condemn it and then fight like with the Balmoral and the Regent), but empty it in the meantime, that might make sense. I guess we'll know at some point.
Would they want to have to replace the 92 SRO units? If it's demolished the units still have to be replaced, unless the City agrees to allow them to be closed and a chunk of change go to the non-market housing fund, which seems unlikely. It's not a heritage building, so that's not a factor (unless they want to leverage some bonus space to save the facade, maybe).
Would they want to have to replace the 92 SRO units? If it's demolished the units still have to be replaced, unless the City agrees to allow them to be closed and a chunk of change go to the non-market housing fund, which seems unlikely. It's not a heritage building, so that's not a factor (unless they want to leverage some bonus space to save the facade, maybe).
Last I heard they were trying to get the whole block and Colbalt was the big stick in the mud and they wanted to do a Bloody Alley style dev. This was, mind you, years ago.
Last I heard they were trying to get the whole block and Colbalt was the big stick in the mud and they wanted to do a Bloody Alley style dev. This was, mind you, years ago.
I think this is a suburban purchaser with no track record in Vancouver, and some involvement in the hotel business. Why they'd want a 92 unit SRO, I can't imagine, but I think they've picked up the Source/hostel to the south as well.
Towers are 32, 27, and 16 storeys with 524 market rental units and 125 non-market rental units in total for the three towers with 8.2 FSR average. There is one 4 bedroom unit and one 5 bedroom unit in the non-market tower!
West End Community Hub
• Britannia Centre building 1
• Marpole Civic Centre / Library
• Fire Hall Arts Theatre renewal
• Stanley Park seawall reconstruction
• Fire hall renewal (location TBD)
What is in it:
Vancouver Aquatic Centre renewal
• RayCam Centre renewal
• Granville Bridge rehab
• Cambie Bridge rehab/seismic
• Gastown/Water St. rehab
• Burrard Slopes Park expansion
• New SEFC East Park (phase 1)
• New track & field facility @ Killarney Park
• PNE Outdoor Amphitheatre renewal
• Animal Shelter renewal
Towers are 32, 27, and 16 storeys with 524 market rental units and 125 non-market rental units in total for the three towers with 8.2 FSR average. There is one 4 bedroom unit and one 5 bedroom unit in the non-market tower!
Images by Perkins&Will.
Cool. Haven't seen these renderings yet. I'll add them to the thread here.
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and some involvement in the hotel business. Why they'd want a 92 unit SRO, I can't imagine, but I think they've picked up the Source/hostel to the south as well.
Images by Perkins&Will.
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