General Vancouver Updates

[Changing City]

Originally Posted by WarrenC12

Chip Wilson backed ABC financially and his corp holds a lot of land in the DTES area.

So far though, all his projects in the DTES have been 100% commercial, mostly fixing up buildings for new tenants. That seems to be true of the entire Low Tide Properties portfolio, no residential developments yet.

[cairnstone]

Originally Posted by Changing City

So far though, all his projects in the DTES have been 100% commercial, mostly fixing up buildings for new tenants. That seems to be true of the entire Low Tide Properties portfolio, no residential developments yet.

Most of LowTide DTES is in buildings that are protected to their age so just commercial rentals. Low tide also have a decent portfolio of new low rise on the old finning lands and a few bits here and there throughout. Commercial guys dont typically get into residential as its a different game

[WarrenC12]

Originally Posted by Changing City

So far though, all his projects in the DTES have been 100% commercial, mostly fixing up buildings for new tenants. That seems to be true of the entire Low Tide Properties portfolio, no residential developments yet.

Sure, I guess my point is more about gentrifying the DTES in general. That will help Chip's revenue and property value.

[Changing City]

Originally Posted by WarrenC12

Sure, I guess my point is more about gentrifying the DTES in general. That will help Chip's revenue and property value.

Indeed. Although the area he's investing in has already got its fair share of change. The Onni / Westbank area is a bit further east and hasn't seen as much activity (a new Post Office building, a new No Frills, and Millennium's Boheme condos).

E Hastings in general has way more immediate development potential than Broadway. It has some very undeveloped sites, and land values are lower. Other developers have been picking up property; I think Solterra still own the Waldorf for example, which has development potential.

[jollyburger]

I wonder how much pushback there would be for a redevelopment of Waldorf compared to back in 2013.

[GenWhy?]

Originally Posted by jollyburger

I wonder how much pushback there would be for a redevelopment of Waldorf compared to back in 2013.

If they rezone it there are now programs in place by the City to force a replacement of community serving spaces or "venue space".

[GenWhy?]

Not "force" per say but nudge really really hard

[officedweller]

1477 West Broadway

Pic by me Oct 26, 2022:

[jollyburger]

Social Housing 1406-1410 E King Edward Ave near Knight

"permanent modular volumetric steel building"



https://shapeyourcity.ca/1406-1410-e-king-edward-ave-2

[Changing City]

Originally Posted by jollyburger

Social Housing 1406-1410 E King Edward Ave near Knight

"permanent modular volumetric steel building"

https://shapeyourcity.ca/1406-1410-e-king-edward-ave-2

That's the DP submission - it's already been rezoned. So the new Council don't get to intervene, if they wanted to.

[gaviscon]

Just took the 99

Digging for 2538 Birch and Duet (Broadway and Spruce) are well underway

[Coldrsx]

I wish that stepped back on the top floor, but I like it a lot!

[giallo]

Loving all of these projects well outside the downtown core.

[hollywoodnorth]

2538 Birch and Duet is not under excavation. the wood hording has been there for years (pre-covid).

also I would expect Duet to change up and take advantage of the new zoning for Central Broadway.

[Changing City]

Originally Posted by hollywoodnorth

2538 Birch and Duet is not under excavation. the wood hording has been there for years (pre-covid).

also I would expect Duet to change up and take advantage of the new zoning for Central Broadway.

It's strange that the 2538 Birch project hasn't gone ahead - it's a year since the Development Permit was approved. They aren't going to get more than the 28 storeys, so it's not in the same category as the Duet site. Are there any insights about the holdup? Is there a problem of financing, or are Jameson looking to sell the site on, with a permit in place?

[Feathered Friend]

Originally Posted by hollywoodnorth

2538 Birch and Duet is not under excavation. the wood hording has been there for years (pre-covid).

also I would expect Duet to change up and take advantage of the new zoning for Central Broadway.

I can confirm they've actually re-started work at Duet within the last few weeks, though I also thought they would file a new application under the Broadway Plan first.

Originally Posted by Changing City

It's strange that the 2538 Birch project hasn't gone ahead - it's a year since the Development Permit was approved. They aren't going to get more than the 28 storeys, so it's not in the same category as the Duet site. Are there any insights about the holdup? Is there a problem of financing, or are Jameson looking to sell the site on, with a permit in place?

I'm not plugged in as much as I used to be (less in-person meetings means less rumours), but I recently heard there's been some problems behind the scenes with Birch.

That said, I was just at a pre-application open house for a brand new 14 floor MIRHPP tonight, so there's still some gas left in the tank of that now dead program.

[GenWhy?]

Seeing quite a few rezoning applications up this year and the trickle in of SRP projects doesn't stop. Looks like folks are giving the new expanded program a-go. I think that's 2 dozen applications this year so far.

Really excited to see this finally formally apply:

https://shapeyourcity.ca/1961-1995-e-broadway-and-2465-semlin-dr

[GenWhy?]

Predicting maybe 2,500 homes approved by Council through rezoning by April 2023?

[whatnext]

Originally Posted by Migrant_Coconut

Which is which Stewart's council mandated that all tenants needed to be rehoused by the developer (and allowed to move back in).

Sure. And how workable is that?

[Migrant_Coconut]

Originally Posted by whatnext

Sure. And how workable is that?

Much more workable than somehow managing to demovict everybody in the Corridor - most of the first wave of development isn't even targeting residential properties.