General Vancouver Development Updates II

[logan5]

Judging by what I’ve seen here, developers get land cheaper when they assemble detached house lots. I would have thought 29th Ave or Nanaimo Station would be a desirable spot for developers to build.

[csbvan]

Originally Posted by logan5

Judging by what I’ve seen here, developers get land cheaper when they assemble detached house lots. I would have thought 29th Ave or Nanaimo Station would be a desirable spot for developers to build.

Not necessarily. Broadway Corridor is largely older multifamily buildings being redeveloped, very little single-detached consolidation so far.

As for Nanaimo and 29th, they have a lot of constraints. Hopefully we see development taking off at those underutilized stations in the near future, but they aren't nearly as desirable as the neighbourhoods with plans and proposed infrastructural upgrades.

[GenWhy?]

Originally Posted by logan5

It’s been almost a year since the TOA policy has come into effect. I would have thought there would be a lot more proposals under this policy by now, especially for towers, which developers love.

What csbvan said, plus requirements to do land assemblies.

In Boradway you can do as small as a 99' frontage for a decent tower but not in the TOA policy. You would have to build a smaller tower, which when I looked at a site with an existing rental on it wasn't feasible. I can't imagine buying multiple detached homes with 3-4 tenants each being very quick either. Give it another few years to assemble.

[whatnext]

Originally Posted by logan5

It’s been almost a year since the TOA policy has come into effect. I would have thought there would be a lot more proposals under this policy by now, especially for towers, which developers love.

Why would you think developers love towers? Our own resident developer said:

Originally Posted by GenWhy?

It's a bit two fold here. Less new condos under the status quo price / buyers, less CACs for cities.

As well as buyer expectations of concrete buildings will have to change. They're just too expensive for everyone.

[GenWhy?]

Originally Posted by whatnext

Why would you think developers love towers? Our own resident developer said:

I think Logan's comment was on applications, not construction, if I'm not mistaken.

I'll add the TOA policy is not great (the FSR is so low) and doesn't encourage development that you could see many applications in the few months it has been active.

[jollyburger]

Birch/Broadway drone photo

https://www.instagram.com/p/DFeDHFcyGGl/?img_index=1

[jollyburger]

The BC Housing site at Clark/East 1st looks cleared and they are ready for shoring/excavation.

[jollyburger]

Video of those raven statues being installed at the Westbank project on Alma

https://www.instagram.com/p/DJKn3KPBEhF/

[jollyburger]

PC Urban calmly grows rental pipeline amid market turbulence
Urban Flats division moves forward with Willow, 2 apartment tower development near Vancouver General Hospital

PC Urban, well known for its portfolio of industrial developments in B.C., has been increasingly active in purpose-built rental development, Sawchyn said. “(We’re) recognizing there is a crushing need for housing, not just in Vancouver, but in all major cities across Canada.”

As the pre-sale condo market has languished in Vancouver, developers continue to halt projects, or in some cases pivot to purpose-built rental.

"We've kept our eyes open for opportunities within the Broadway Plan, and then the site came available directly across from the hospital," he said.

Urban Flats has over 900 rental homes under construction in Vancouver, the Lower Mainland, Kelowna and Vancouver Island, with 1,200 more rental homes to be delivered in the coming years.

The average rent for a two-bedroom home in Vancouver is $3,650, according to Zillow Rentals. That figure hasn't changed since last month, but is down $200 when compared to 2024, revealing some easing in the market as more developers produce rental homes. Zillow describes Vancouver's current rental market temperature as "warm."

Development obstacles, including bureaucratic policies, slow permissions and high costs still dog the purpose-built rental market here, so even though the inventory is increasing, it's probably not enough to broadly ease the housing crisis, Sawchyn said.

He hopes the re-elected federal government will work closer with local and provincial governments to make it easier for developers to produce more housing that’s affordable.

Next on the to-do list for PC Urban is to secure the development permit for the two-tower project. The company hopes to break ground next year, Sawchyn said. Completion is anticipated in late 2028.

In all this uncertainty, Sawchyn said he remains focused on finding ways to work within this new environment.

"So much is out of your control. It's better to sit back, take a breath and think about solutions."

https://renx.ca/pc-urban-calmly-grow...ket-turbulence

[jollyburger]

Originally Posted by jollyburger

The five sites COV is targeting for new housing got released.

https://vancouversun.com/news/vancou...g-on-city-land

The Marpole site is at 67th Avenue. They own 8324/8460 Granville. I think they just need the CIBC site to assemble that site.

The others are located at Main Street and Terminal Avenue (near Science World), Granville Street and Pacific Street (the southern edge of downtown), 2400 Kingsway (the site of the 2400 Motel), and Granville Street and 67th Avenue in Marpole.

Not sure which is the Granville/Pacific site. The loops?

https://canada.constructconnect.com/...g-on-city-land

[officedweller]

I would think it's a loop site.

[VantageHD]

Originally Posted by jollyburger

Video of those raven statues being installed at the Westbank project on Alma

https://www.instagram.com/p/DJKn3KPBEhF/

These are awesome! Thought it was a sea doo at first, haha. Thanks for sharing!

[jollyburger]

6065 DUNBAR STREET

There will be a rezoning application under TOA (Transit Orientated Area) Policy targeting max. 3.0 FSR and max. 8 storey all rental apartment.

https://plposweb.vancouver.ca/Public...ctId=247224861

$4,250,000
6065 DUNBAR STREET
VANCOUVER, BC V6N 1W8
MLS® Number: R2759909
Icon&co. Boutique Inc.
Listing Info
Features
Interior
Request Showing
Listing Description
DEVELOPMENT SITE. RR (Rental Residential) zone mixed use upto 6 storeys. 3.4 fsr over 52,000sf buildable potential. Call listing realtor Param Nijjar PREC and verify with City of Vancouver. Potential Ocean view from the higher floors. Easy walk to some of the best schools in the City - Crofton House, Kerrisdale Elementary, short drive to St. George's private school. Tons of amenities nearby - grocery store and shops on W 41st Avenue 4 blocks away, SW Marine Drive to YVR airport 15 min drive, parks, and golf courses within walking distance. Rapid bus to UBC - 10 min ride. Kerrisdale shops and Arbutus greenway only a few minutes away. Rare development opportunity in one of the most amenity rich, well-situated, prestigious neighbourhoods in Vancouver. Please do not walk on property.

https://iciconic.com/listing/2627815...reet-vancouver

[officedweller]

PNE Amphitheatre

Screenshots from Instagram stories (which disappear):


https://www.instagram.com/venelin_kokalov/?hl=en


https://www.instagram.com/venelin_kokalov/?hl=en

[jollyburger]

Originally Posted by officedweller

PNE Amphitheatre

Screenshots from Instagram stories (which disappear):

The reel is posted here so it should stick around.

https://www.instagram.com/p/DKcchcwsb2B/?hl=en

Revery posted a bunch of photos as well

https://www.instagram.com/p/DKCz6KkPU1g/

[officedweller]

Thanks!

[jollyburger]

The most beautiful block in Vancouver is for sale



https://vancouversun.com/news/the-mo...er-is-for-sale

It might be for sale but it isn't the most beautiful block in Vancouver.

[GenWhy?]

"The Davis family’s heritage homes helped spark a revitalization of Mount Pleasant, which was a bit rough in the 1970s. Over time, more homeowners restored their old homes, turning their part of Mount Pleasant into Vancouver’s most acclaimed heritage neighbourhood."

Oh so they gentrified it /s

[whatnext]

Originally Posted by GenWhy?

"The Davis family’s heritage homes helped spark a revitalization of Mount Pleasant, which was a bit rough in the 1970s. Over time, more homeowners restored their old homes, turning their part of Mount Pleasant into Vancouver’s most acclaimed heritage neighbourhood."

Oh so they gentrified it /s

It's only acceptable when it happens in Strathcona, amirite?

[jollyburger]

More photos of the PNE Amphitheatre



https://dailyhive.com/vancouver/free...-roof-progress

Great Canadian is dumping their casino as well

Tsleil-Waututh working toward purchase of Hastings Racecourse casino in Vancouver

The Tsleil-Waututh Nation says it has reached a preliminary deal to purchase the casino business and related real estate at Hastings Racecourse and Casino in Vancouver from Great Canadian Entertainment, the country's largest gaming and hospitality company.

The First Nation announced Friday that it has signed a non-binding memorandum of understanding with the company and is now working toward a formal agreement.
"We are thrilled to take another important step towards economic self-determination for our Nation in our traditional territory," said Tsleil-Waututh Chief Jen Thomas in a statement.

https://www.cbc.ca/lite/story/1.7554815