Burnaby Updates - Page 166

officedweller · #**3301** Posted **Apr 9, 2021, 1:05 AM**

I think it would be in the developer's interests to use finishes that are durable (albeit not necessarily luxurious).
I think that the inclusion of the rental building in the first phase means it'll be less likely to be impacted by unforseen balance sheet tightening due to cost overruns.

Spr0ckets · #**3302** Posted **Apr 9, 2021, 1:31 AM**

Quote:

Originally Posted by officedweller

I think it would be in the developer's interests to use finishes that are durable (albeit not necessarily luxurious).
I think that the inclusion of the rental building in the first phase means it'll be less likely to be impacted by unforseen balance sheet tightening due to cost overruns.

Good points.

Either way, whatever they end up building will be a massive upgrade in terms of quality over the walkups that are getting replaced.
Regardless of the quality of finishes.

At least there's a concerted effort to replace them at all.

officedweller · #**3303** Posted **Apr 10, 2021, 3:51 AM**

Lower Brentwood posted at SRC:

Quote:

Originally Posted by City Of Rain, post: 1675053, member: 70034

Unit 3001 2138 Madison Avenue Burnaby-28 by ONIKON Creative, on Flickr

Unit 3001 2138 Madison Avenue Burnaby-27 by ONIKON Creative, on Flickr

Denscity · #**3304** Posted **Apr 10, 2021, 9:31 PM**

It seems like once the tall Concord Sears tower goes in Metrotown is gonna look as impressive as Edmonton.

Lexus · #**3305** Posted **Apr 13, 2021, 5:34 PM**

2021, April first week

BCIT new building on Willingdon Ave,

Untitled by Lexus LX570, on Flickr

Vin · #**3306** Posted **Apr 16, 2021, 11:30 PM**

Quote:

Originally Posted by Denscity

It seems like once the tall Concord Sears tower goes in Metrotown is gonna look as impressive as Edmonton.

No doubt about that. Another one going into the Brentwood Centre neighbourhood would make Burnaby look like two Edmontons.

Abii · #**3307** Posted **Apr 19, 2021, 2:30 AM**

Quote:

Originally Posted by Denscity

It seems like once the tall Concord Sears tower goes in Metrotown is gonna look as impressive as Edmonton.

Burnaby is already more impressive than all of Edmonton in every possible way lol

Edmonton's downtown is 50% vacant run-down offices, 10% random malls and structures that aren't even passable in Detroit (wtf is that City Centre mall? It's in the top 3 worst malls I've ever walked into... depression all around) and the last 40% is East Hastings, Edmonton style.

NewfBC · #**3308** Posted **Apr 19, 2021, 2:32 AM**

It's time to get into the affordable housing business!

This 34-storey Burnaby high-rise just received $100M in federal financing

The construction of a 324-unit, 34-storey high-rise in Burnaby is getting over $100 million in federal financing with the promise of offering 101 units of affordable housing.

Bosa Properties is receiving the $101.9 million in federal investment through the National Housing Co-Investment Fund, a flagship initiative of the National Housing Strategy.

https://www.burnabynow.com/local-news/th...ceived-100m-in-federal-financing-3640211

Wow.

Ron.

Klazu · #**3309** Posted **Apr 19, 2021, 4:22 AM**

That's a lot of money to build one single building. Nice for those lucky few to be getting a brand new unit for $850/month as that is cheap. Must be small units as there will be 10 per floor.

Aroundtheworld · #**3310** Posted **Apr 20, 2021, 12:48 AM**

Quote:

Originally Posted by NewfBC

It's time to get into the affordable housing business!

This 34-storey Burnaby high-rise just received $100M in federal financing

The construction of a 324-unit, 34-storey high-rise in Burnaby is getting over $100 million in federal financing with the promise of offering 101 units of affordable housing.

Bosa Properties is receiving the $101.9 million in federal investment through the National Housing Co-Investment Fund, a flagship initiative of the National Housing Strategy.

https://www.burnabynow.com/local-news/th...ceived-100m-in-federal-financing-3640211

Wow.

Ron.

That sounds like an awful lot of money for little return. I feel like a better way of spending this would be building supportive housing to deal with our homelessness crisis.

Denscity · #**3311** Posted **Apr 20, 2021, 4:52 AM**

Quote:

Originally Posted by Vin

No doubt about that. Another one going into the Brentwood Centre neighbourhood would make Burnaby look like two Edmontons.

...and then the tall one at Lougheed making it 3 Edmontons haha!

GenWhy? · #**3312** Posted **Apr 20, 2021, 5:35 PM**

Quote:

Originally Posted by Aroundtheworld

That sounds like an awful lot of money for little return. I feel like a better way of spending this would be building supportive housing to deal with our homelessness crisis.

It's a loan (probably mostly repayable) and this isn't too bad:

"Rents for at least 30% of the units must be less than 80% of the Median Market Rent and maintained for a minimum of 20 years".

Supportive housing can also apply (most likely mostly forgivable), under the program.

Seeing how the City is hell-bent on tearing down the older rentals, this is a good option for replacement.

vanman · #**3313** Posted **Apr 23, 2021, 3:04 AM**

Kingsway Honda in Edmonds to be redeveloped.

https://dailyhive.com/vancouver/6948-kingsway-burnaby-honda-redevelopment

Klazu · #**3314** Posted **Apr 23, 2021, 4:47 AM**

Nice. 40 and 38 floor towers would push Edmonds to new heights.

Vin · #**3315** Posted **Apr 23, 2021, 9:41 PM**

Quote:

Originally Posted by Sheba

They want to keep it as a quiet neighbourhood so the road wouldn't connect to Willingdon - 'cause you know drivers would rat race through here. Other than that I agree with a road cutting across and dividing up those long blocks. Sadly the city seems to think including some walkways is enough.

The only spots that have any hope of commercial or mixed use here are Beresford and maybe Imperial. Everything in-between will be strictly residential. At least they mandated rental replacement so the whole area won't be luxury condo towers. You know very well that the area north of Beresford (eg the mall and Kingsway) is where all the commercial and mixed use buildings will be. You're beating a dead horse by continually bringing it up.

It would help in servicing the future buildings, like delivery, garbage collection, etc. The roads can have speed humps, etc. or made narrow to have ample retail like what city centres are line. I don't get why they can't make it into a real downtown. I dislike the term "strictly residential". It isn't good for the environment, convenience, among many other things.

Quote:

Originally Posted by Denscity

...and then the tall one at Lougheed making it 3 Edmontons haha!

Looks like there could be a 4th at Edmonds/Kingsgate area eventually

SpongeG · #**3316** Posted **May 6, 2021, 10:40 PM**

the businesses at the site have been closed for a few months now. Website says it's coming in 2021.

https://www.beedie.ca/residential/slate/

cairnstone · #**3317** Posted **May 13, 2021, 5:15 AM**

Quote:

Originally Posted by Aroundtheworld

That sounds like an awful lot of money for little return. I feel like a better way of spending this would be building supportive housing to deal with our homelessness crisis.

Wow glad my taxes is paying top dollar. If my math is right Bosa is getting paid over 600 bucks a square foot. Actual construction costs should be below 300 blending on fixturing. A year ago 1000 square plus units construction costs were only 400 ish fitted with insuite climate control euro kitchen and meile grade appliance.

So what is the deal? Would it not be more effecient to buy or appropriate land and then put it out for tender.

Changing City · #**3318** Posted **May 13, 2021, 5:46 AM**

Quote:

Originally Posted by cairnstone

Wow glad my taxes is paying top dollar. If my math is right Bosa is getting paid over 600 bucks a square foot. Actual construction costs should be below 300 blending on fixturing. A year ago 1000 square plus units construction costs were only 400 ish fitted with insuite climate control euro kitchen and meile grade appliance.

So what is the deal? Would it not be more effecient to buy or appropriate land and then put it out for tender.

It's a 212,861 sq. ft. building. The developer is getting a construction loan of $99.2m and a $2.7m forgiven loan (to provide more affordable units than originally indicated). [source] At $479 per square foot that's likely to be the cost of the entire project - construction costs and soft costs. So it's the Federal Government providing construction finance to Bosa to build a rental tower with over 100 below market units. The $99.2m is repayable.

mcminsen · #**3319** Posted **May 15, 2021, 8:27 AM**

Quote:

Originally Posted by mcminsen

Gilmore/Brentwood as seen from Rupert Station.

Jan.22 '21, my pic

Sixteen weeks later...

May 14 '21, my pics

Tanchiro · #**3320** Posted **May 16, 2021, 11:57 PM**

Not an update, but I've gotten some positive responses from my rooftop photo posts. So here are some outdated shots from 2019 taken from Fulton House in the Brentwood area.

I'll be sure to take more photos in the future.