The Erickson | 54m | 18fl | Completed

[bb1510]

Another interesting discovery when I was browsing the explanatory note plans within the strata plan - he allocated himself a 50 car private garage which occupies about a third of the parkade floor

[rofina]

Originally Posted by bb1510

Another interesting discovery when I was browsing the explanatory note plans within the strata plan - he allocated himself a 50 car private garage which occupies about a third of the parkade floor

That's pretty sweet.

Sounds like the building was just a way to finance his penthouse and car collection space.
Sell the other units, all the above essentially "free."

I mean, if you can, why not.

[bb1510]

Originally Posted by rofina

That's pretty sweet.

Sounds like the building was just a way to finance his penthouse and car collection space.
Sell the other units, all the above essentially "free."

I mean, if you can, why not.

Haha yeah and same thing with his private garage in King’s Landing. It’s only registered as six parking spaces but can also fit 30-50. However, there’s an go kart track inside apparently

[whatnext]

The arrogance of this guy continues to amaze.

Concord Pacific CEO loses latest round in battle over condo amenity space
Terry Hui argued petition should be dismissed on the grounds it's an abuse of process, among other reasons
By Bob Mackin | August 22, 2023, 3:30pm

The CEO of Concord Pacific Group Inc. has lost his bid to thwart the petition by condo owners at a tower near Vancouver’s Yaletown who are seeking access to a 6,000-square foot amenity space.

In oral reasons released Tuesday (Aug. 22) in written form, B.C. Supreme Court Justice Lauren Blake rejected Terry Hui’s application to throw out the petition from strata owners at The Erickson, a 17-storey, False Creek North condo building where Hui owns the penthouse and claims the second-floor amenity space for himself....

....The judge rejected those arguments.

Blake made a key determination that the strata owners seek rectification of the filed strata plan, not expropriation. If the petition is successful, it would lead to a ruling that the space was never supposed to be for Hui’s benefit.

“The legal basis of the petition makes clear that the strata’s position is that Mr. Hui, as president of Concord, ‘knew or ought to have known that Concord had submitted a development permit application to the city requesting that the L-2 amenity space be excluded from the computation of [floor space ratio] on the basis that it would be used as an amenity space for the benefit of all the residents of The Erickson,’” Blake wrote. “The developer ultimately received a development permit with the ‘express condition that the amenity spaces, including the L-2 amenity space, had to be permanently maintained for the exclusive use of the residents and occupants of The Erickson’.”

B.C. Assessment Authority’s website shows the penthouse at The Erickson was valued last year at $18.98 million.

Blake awarded costs to the strata owners.

https://biv.com/article/2023/08/conc...-amenity-space