The Ultimate Vancouver Rumour Thread!

[Spr0ckets]

Originally Posted by Vantage

Wow the number of these view cones that are now obstructed by foliage. Good that they want to get rid of some that don't make any sense.

The viewcones that are completely blocked now by trees and leaves are so laughably ridiculous and show just how comical the entire exercise is and has been.

Along with the ones that have been preserving views of the sprawl going up the foot of the mountains in North Van.

No one is ever going to build a 500 or 800m tall tower that will even come close to obstructing the views of the mountain peaks from anywhere in the city, so what even is the point in most of these?

Good thing too that they want to get rid of the ones on the bridges ....certainly the Cambie bridge ones.
Like, who's stopping in the middle of the bridge to enjoy a sight of City Hall or the mountains in the middle of all that traffic whizzing past?
Most people using the bridge are strictly trying to get from literal point A to literal point B.

[Migrant_Coconut]

It's ridiculous how many of these are biased toward either drivers or Fairview/False Creek South locals. There's good views from the Fir off-ramp and the East Van cross, and those are getting redeveloped without incident.

[Vantage]

So many people commenting about this on the Vancouver subreddit don't seem to actually read the report and are crying about how we wont be able to see the mountains at all anymore.

I lost too many braincells reading the comments on that post.

[jollyburger]

Originally Posted by Spr0ckets

Good thing too that they want to get rid of the ones on the bridges ....certainly the Cambie bridge ones.
Like, who's stopping in the middle of the bridge to enjoy a sight of City Hall or the mountains in the middle of all that traffic whizzing past?
Most people using the bridge are strictly trying to get from literal point A to literal point B.

But even then most of those viewcones are protected by the fact there's an eight lane road going down to the waterfront. At least a lot of people get to see those views versus views like Choklit Park that get used 10 times a day?

Jonathan Rogers Park has one of the most expensive views of the mountains but are they going to stick a view cone there and limit everything below it to the existing 3-4 stories?

[MIPS]

Originally Posted by Vantage

So many people commenting about this on the Vancouver subreddit...

Protip: Reddit's for people who never touch grass because they are so established in their armchair. Don't interact with it.

[madog222]

I've consolidated the existing threads on the Waterfront Hub (CoV most recently called it the Central Waterfront District) and moved the discussion in this tread there. I placed the thread in the de facto planning sub-forum as that makes more sense than the transportation sub-forum given the scope.

https://skyscraperpage.com/forum/sho...d.php?t=146079

[PROSTSHOCKER]

Not sure where to put this, but 1770 Pendrell - one of Westbank's rental complexes - was unceremoniously transferred to a new owner (CAPREIT) in a surprise to residents and many employees of Westbank on the 31st. I guess the developer needed a quick buck.

[jollyburger]

Originally Posted by PROSTSHOCKER

Not sure where to put this, but 1770 Pendrell - one of Westbank's rental complexes - was unceremoniously transferred to a new owner (CAPREIT) in a surprise to residents and many employees of Westbank on the 31st. I guess the developer needed a quick buck.

On Thursday, the Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) announced that it had completed a series of six acquisitions in Q2 2024, for a total of $387.4M.

The most expensive of those six purchases was for The Pendrell, which CAPREIT says it acquired for $137M, while assuming the existing $64.1M mortgage that has an interest rate of 3.1% per annum and an eight-year term to maturity.

The $137M price tag is higher than the BC Assessment valuation of $112,423,000.

CAPREIT did not identify the vendor, but The Pendrell is located at 1770 Pendrell Street — 1754 Pendrell Street, legally — and was developed by Westbank, who legally owned the property under 1700 Pendrell Property Inc. and 1700 Pendrell Holdings Inc. The Pendrell is a 21-storey rental building with 173 units that Westbank completed in 2019.

https://storeys.com/westbank-capreit...pendrell-sale/

[whatnext]

Originally Posted by PROSTSHOCKER

Not sure where to put this, but 1770 Pendrell - one of Westbank's rental complexes - was unceremoniously transferred to a new owner (CAPREIT) in a surprise to residents and many employees of Westbank on the 31st. I guess the developer needed a quick buck.

Hmm, some high profile projects completing soon. Buyers walking away from completing or just increased construction costs need covering?