Fifteen Fifteen (1500 W Georgia) | 134m | 43fl | U/C

[TwoFace]

Here is the overview and reasoning behind parking guidelines:https://dailyhive.com/vancouver/vanc...king-standards

I don't think any of this applies to Condo sales in the 1 Million plus range as the target client is not a transit type user or on a fixed income, and a parking spot is expected at that price. Although I doubt there is much sympathy for folks that pay over a million for around 600 sf.
Personally, all these crazy prices are making me a rich guy through my eventual rental unit resales.

[Changing City]

Originally Posted by TwoFace

Here is the overview and reasoning behind parking guidelines:https://dailyhive.com/vancouver/vanc...king-standards

I don't think any of this applies to Condo sales in the 1 Million plus range as the target client is not a transit type user or on a fixed income, and a parking spot is expected at that price. Although I doubt there is much sympathy for folks that pay over a million for around 600 sf.
Personally, all these crazy prices are making me a rich guy through my eventual rental unit resales.

Thanks for the link. So one councillor asked whether reduced parking might mean more affordable housing. "City council also approved an amendment moved by COPE councillor Jean Swanson to have city staff explore whether the savings from reduced construction costs from ending parking minimums will be passed on to homeowners and renters, effectively improving housing affordability." Nobody from the City has actually said it would make housing cheaper. I agree with your point that the asking price for units in projects like this one (now Fifteen Fifteen, rather than 1500 W Georgia) won't be affected by the parking on offer.

[WarrenC12]

Originally Posted by VancouverOfTheFuture

see, the CoV was saying it would decrease the price of housing for the people. anyone with a brain would have known that's not the case; but no one has ever said CoV has a brain.

i guess increasing profits for developers is a nice bonus.

The units without parking are cheaper than the units with parking.

Some real Econ 101 lessons in this thread.

[VancouverOfTheFuture]

Originally Posted by WarrenC12

The units without parking are cheaper than the units with parking.

and is that cheaper related to the parking? no, it is related to being smaller/lower/cheaper units.

if they build 100 units with 120 parking spots, or 50 parking spots. those units will be priced based on the market.

the market will always dictate the price, and the developer will always try to maximize their profit. the cost of building parking is inconsequential to the cost the buyer will pay the developer.

[whatnext]

Originally Posted by WarrenC12

The units without parking are cheaper than the units with parking.

Some real Econ 101 lessons in this thread.

Few people with this kind of money won't keep a car, even if they rarely use it. As you know, if you check out the parkades in Yaletown condos, they're hardly empty.

It almost enough to make one wish O'Toole with his foreign buyer ban had won.

[FarmerHaight]

Originally Posted by VancouverOfTheFuture

and is that cheaper related to the parking? no, it is related to being smaller/lower/cheaper units.

if they build 100 units with 120 parking spots, or 50 parking spots. those units will be priced based on the market.

the market will always dictate the price, and the developer will always try to maximize their profit. the cost of building parking is inconsequential to the cost the buyer will pay the developer.

But the market will also dictate what is built. Underground parking spaces make the building more expensive, so luxury buildings with a parking stall for every unit may not get built in a slow housing market. However, you could still see a decent ROI on a low- or mid-market building in a slow economy if you are able to compromise on some of the more costly inputs, like underground parking structures.

[FarmerHaight]

Originally Posted by FarmerHaight

But the market will also dictate what is built. Underground parking spaces make the building more expensive, so luxury buildings with a parking stall for every unit may not get built in a slow housing market. However, you could still see a decent ROI on a low- or mid-market building in a slow economy if you are able to compromise on some of the more costly inputs, like underground parking structures.

I don't know why parking spots are even a contentious topic. There are obviously people for whom the lack of a parking spot will be a deal breaker. There are others who will get along just fine without. Regardless, some people will purchase these units and be quite happy with transit and active transportation

[TwoFace]

Originally Posted by FarmerHaight

I don't know why parking spots are even a contentious topic. There are obviously people for whom the lack of a parking spot will be a deal breaker. There are others who will get along just fine without. Regardless, some people will purchase these units and be quite happy with transit and active transportation

It establishes market value if you want to sell it within your strata. Currently in the downtown area I assume it's a bonus of $60K - $90K ... not too shabby. Or you can use it as rental income of $200 plus per month.

[VancouverOfTheFuture]

Originally Posted by FarmerHaight

low- or mid-market building in a slow economy if you are able to compromise on some of the more costly inputs, like underground parking structures.

when was the last time Vancouver was a low/mid market area? even through the Great Recession we stayed a high end luxury market. sure it slowed down a bit, but certainly not like the majority of North America/The World.

i don't see why everyone here wants to expand all the issues of the West End to the rest of Vancouver. do you really think these people wont just park all over the streets? it is insane we allow parking on arterial roads at all. let alone during business hours. we should be forcing people to off-street parking and actually using our road space for, you know, transportation.

we are going the opposite way in search of some utopia wet dream that wont exist for a very long time, i am sure most here as of today will be dead long before that happens. the electric car market makes it even easier for people to get a car. prices are on their way down, and they have very little costs to maintain.

[WarrenC12]

Originally Posted by VancouverOfTheFuture

and is that cheaper related to the parking? no, it is related to being smaller/lower/cheaper units.

if they build 100 units with 120 parking spots, or 50 parking spots. those units will be priced based on the market.

the market will always dictate the price, and the developer will always try to maximize their profit. the cost of building parking is inconsequential to the cost the buyer will pay the developer.

This is true. All the City did (or wants to do) is eliminate the requirement for X amount of parking per unit. This is a very free market policy.

[WarrenC12]

Originally Posted by VancouverOfTheFuture

i don't see why everyone here wants to expand all the issues of the West End to the rest of Vancouver. do you really think these people wont just park all over the streets? it is insane we allow parking on arterial roads at all. let alone during business hours. we should be forcing people to off-street parking and actually using our road space for, you know, transportation.

We force people off street parking by banning it or charges excessive amounts. I don't have a problem with that. People should have to pay for private parking to park their private vehicle. I know I do.

[dleung]

Originally Posted by jollyburger

https://fifteen-fifteen.bosaproperti...en/floorplans/

Not sure why they cluster the bedrooms together even where the living room doesn't benefit from a corner, when in many cases they can easily locate the 2nd bedroom opposite the living room to eliminate sound transmission between bedrooms. It looks like they're purposely making a "private wing", but who does that anymore?

[FarmerHaight]

Originally Posted by dleung

Not sure why they cluster the bedrooms together even where the living room doesn't benefit from a corner, when in many cases they can easily locate the 2nd bedroom opposite the living room to eliminate sound transmission between bedrooms. It looks like they're purposely making a "private wing", but who does that anymore?

I would think sound travelling from the living room to a bedroom is much more problematic than sound travelling from one bedroom to another. It depends on the living situation, but I imagine a family that sends their child to bed early, or if one person wants to take take a nap while their roommate wants to cook or watch tv in the living room would appreciate having the bedrooms located away from the main living areas.

[Architype]

Originally Posted by dleung

Not sure why they cluster the bedrooms together even where the living room doesn't benefit from a corner, when in many cases they can easily locate the 2nd bedroom opposite the living room to eliminate sound transmission between bedrooms. It looks like they're purposely making a "private wing", but who does that anymore?

They could have reversed it (in the first) and still had balcony access from all rooms. Bear in mind though that rooms are also located with the neighboring adjoining units in mind, living space next to neighbour's living space, same for the bedrooms, usually works best.

[dleung]

Pretty sure all the demising walls here are solid concrete shear walls or a heavily-insulated assembly. Units are never planned with the adjacent one in mind.

I suppose these units are more pro-family (parents near the kids), as opposed to for investors renting them out to 2 roommates looking to avoid hearing each other's hookups

[SpongeG]

vancouver's jenga-like condo tower by büro ole scheeren is underway

FIFTEEN FIFTEEN BY OLE SCHEEREN, A NEW TYPOLOGY FOR URBAN LIVING


german practice büro ole scheeren unveils new images of fifteen fifteen, its newly planned luxury condominium in vancouver. the high-rise will introduce ‘three-dimensional urban living’ to the canadian city, defined by its sculptural glass cantilevers which will reach out across the urban fabric towards the nature beyond. the tower is büro ole scheeren’s first work of architecture soon to be realized in north america. every element of the development, from its exterior through to the landscaping and carefully curated interiors.



ole scheeren comments: ‘my vision for fifteen fifteen was to forge an immersive, three-dimensional connection between nature, urban living, and personal space. the building actively positions the individual within its distinct community and embraces vancouver’s breathtaking landscape.’

...

https://www.designboom.com/architect...bm2uAPVMnGQzE4

[C3YVR]

Lumber shipment on site suggests hoarding could be going up soon.

[phesto]

Hearing that project is about 40% pre-sold now. Demolition and excavation should begin in matter of weeks.

[GenWhy?]

Ya they've been doing prep work in the parkade for a few weeks now, that lumber has been there for maybe a week or so, and last I looked 2 days ago the parkade was completely closed off, fencing up around the reflection pool.

[jollyburger]

I was just going to ask if they started pre-construction.



https://trafficcams.vancouver.ca/georgia3.htm

Seems like a waste of paint for that mural they put up for a few months.