Park Hyatt (1128 W Georgia) | 197m | 62 fl | Completed

[phesto]

With respect to Living Shangri-la, it’s important to remember that the majority of units were purchased over 4 years ago. So far all of the purchasers have completed and there are only 3 re-sale listings on MLS which would indicate that the majority of purchasers are not just investors looking to flip upon completion, nor are prices for units in this tower likely to drop to the same extent as prices in other, less unique properties (like for instance the Spectrum towers where there are dozens of resale units currently for sale). The higher estate units (which haven't completed yet) are even less likely to be put on the market due to their pricing.

In other words, Shangri-la is mostly luxury product and given the above I don't think it is neccesarily a good indicator of what's going on in the residential market right now.

[subdude]

At the Urban Fare opening today, great place:

[Hed Kandi]

Very Nice !

[Yume-sama]

Supposedly they have an amazing bakery. Someone will have to tell me how the cakes are at this location...

[excel]

looks good.

[SpongeG]

Originally Posted by Yume-sama

Supposedly they have an amazing bakery. Someone will have to tell me how the cakes are at this location...

they have a big load of something - it looks like it has raisins in it - its huge - like huge and its $399.99 yes almost $400 for a loaf of something - but its huge

I was at the store last night - it was quite nice - lots of looky loos - the cafe seating that faces alberni street is really nice

but as my friend kept pointing out things are a bit pricier than the same things at shoppers drug mart

they also had a jar of spaghetti sauce for $11.99 - who pays that much! you can make your own if you want something special

[AlexYVR]

Originally Posted by SpongeG

they have a big load of something - it looks like it has raisins in it - its huge - like huge and its $399.99 yes almost $400 for a loaf of something - but its huge

I was at the store last night - it was quite nice - lots of looky loos - the cafe seating that faces alberni street is really nice

but as my friend kept pointing out things are a bit pricier than the same things at shoppers drug mart

they also had a jar of spaghetti sauce for $11.99 - who pays that much! you can make your own if you want something special

Hilarious, SpongeG. . .I was also there last night and also freaked out about the 12 dollar jar of spaghetti sauce, and that 20 kilo muffin (whatever the hell it is).

I recommend going and seeing the mushroom tree. . .

[SpongeG]

yeah that was pretty cool

my friend said he didn't think he would ever purchase the mushrooms so close to the ground in case someone earlier had their dog in there - lol

there are quite a few youtube videos of the shang online now - a few by realtors trying to sell units etc

[Yume-sama]

$12 spaghetti sauce?

Oh, I get it. Everything must be organic and locally produced ?

If it's Prego we have problems!

[SpongeG]

oh the Burberry Store has signage up for the Alberni street side

looks nice

[eduardo88]

Originally Posted by Yume-sama

$12 spaghetti sauce?

Oh, I get it. Everything must be organic and locally produced ?

If it's Prego we have problems!

grown on the green roof of the convention centre

[red-paladin]

If the NDP wins the election, they'll probably grow medical weed on the roof of the convention centre

[Cypherus]

If I win a million dollars, I just might be able to buy enough groceries from Urban Fare that would last me a week.

[Hed Kandi]

Originally Posted by SpongeG

oh the Burberry Store has signage up for the Alberni street side

looks nice

[cornholio]

Originally Posted by Architype

For anyone buying, I think the market in Vancouver will bottom out in 2009. So far, most of the time my predictions have been right.

yup, iv been predicting since 2003 a turnaround around mid 2008 and a quick rebound late 2009 to early 2010 followed by a few years of moderate growth.
it doesnt hurt that the global economy is expected to turnaround late 2009 and the psychological effect of the approaching olympics, though I expect the prices to stagnate after the olympics.
personally im considering buying a property november-december 2009, I also wont be paying any attention to the market when I do that because my decision will be made now.

[officedweller]

Originally Posted by AlexYVR

... and that 20 kilo muffin (whatever the hell it is).

Must be a pannetone ("Tony Bread") - the Italian Christmas bread (like raisin bread) - given the season. I buy mine at Superstore for $4.99.

[subdude]

A few more photos from this morning (all photos by me):

West Georgia side


West Georgia/Thurlow corner, the shop here looks pretty close to opening although the exterior still needs a lot of work:


Went back for breakfast today (10 bucks for 2 eggs and bacon! but it was pretty good)

[officedweller]

I drove past the other night - I thought that the chandeliers look good (didn't actually see any other details) - definitely stood out through the glass facade and adds a counterpoint to the typical sleek wood modernist look - it's a bit trendy to mix the traditional with the modern (i.e. Opus lobby).

[SpongeG]

Originally Posted by officedweller

Must be a pannetone ("Tony Bread") - the Italian Christmas bread (like raisin bread) - given the season. I buy mine at Superstore for $4.99.

yah that sounds like it might be that kind

vbut i wonder how long a $400 loaf of whatever will sit there - whoever buys it will be getting something stale

[Yume-sama]

I bet it's pretty good for $400 Let's all chip in!