Burnaby Updates

[sburnaby33]

Originally Posted by Geof

As I understand it, there are a number of reasons why they are not doing that. Obviously a separated path would be much wider, in places leaving no space for anything else. That would entail the loss of more existing trees, and complicate the many intersections (you'll notice how the planned path curves away from the road, then back towards it at the intersections). I also believe it would have been more expensive.

In effect, the choice was between a travel corridor, probably something like the Solo frontage, and the more park-like design that we are getting. Which is better? That depends on what you want. If you're just passing through, you probably want the bike lane. If you live in the neighbourhood, you might be happier with the park. There are definite trade-offs either way. Seeing that video (and living in the neighbourhood), I am optimistic that they made a good choice. But like you, my bottom line is that, perfect or not, I'm in favour of it, and so happy they decided not to extend the bus lanes (something I wrote them about years ago).

I live in the neighborhood. There have been quite a few people who have hit by cars on the roadway and a couple have died. This will make it much less dangerous to walk North/South on the route and crossing the street will be safer as pedestrian controlled intersection will be added to three cross-streets. Safety and the level of traffic made this a good decision.

[sburnaby33]

Originally Posted by urbancanadian

^I think the red outline in that pic might be an error. AFAIK, the property at 5396 Lougheed Highway (Rem B) is not included within this development. Also, don't forget the Beedie tower across Springer on the Kirmac lot.

-------------------------

Checked the Developments page of the City and, you're correct, that parcel of land is not included in the development.

EDIT: As well, it looks like the site of the former five-bin bowling ally on Hastings will finally be redeveloped. First reading will be in 6 days. It was supposed to happen 8 years ago. Better late than never. Apologies if this already has been posted.

https://www.burnaby.ca/Assets/city+servi...r+Development+Projects/01+-+2017+May.pdf

http://i4pg.com/residential/siena/

[officedweller]

From GBL twitter:

Milano


https://twitter.com/GBLArchitects


https://twitter.com/GBLArchitects

[red-paladin]

8 Acre Brentwood Site Sells in $152 Million Deal
Posted on June 9, 2017
An 8.13 acre land assembly at the corner of Willingdon Avenue and Dawson Avenue has sold to Aoyuan Property Group (Canada), a Hong Kong based developer, for $152,000,000.

http://www.vancouvermarket.ca/2017/06/09/8-acre-brentwood-site-sells-in-152-million-deal/

[SpongeG]

wow. I wonder how much the carter and esso corner are worth.

[mgbcca]

Originally Posted by red-paladin

http://www.vancouvermarket.ca/2017/06/09/8-acre-brentwood-site-sells-in-152-million-deal/

Wonder how many towers they can squeeze into this site.

[djmk]

Originally Posted by SpongeG

wow. I wonder how much the carter and esso corner are worth.

I was car shopping a few months ago at carter and as I was staring at the massive construction zones across the streets, the sales rep said that the two cars lots are going to be sold for $660M.

and I promptly said "holy shit"

but that of course is unverified.

[sburnaby33]

Originally Posted by SpongeG

wow. I wonder how much the carter and esso corner are worth.

I checked e-assessment last year regarding this. I calculated a worth of roughly 110 million. Given that it is the last major area to be developed, close to the Skytrain, near Amazing Brentwood/Solo, and the need for a high payment price to entice the seller, I would say 300-350 million in today's prices. In a couple of years it could easily top 400 to 450 million.

[SpongeG]

crazy

[sburnaby33]

Originally Posted by mgbcca

Wonder how many towers they can squeeze into this site.

Given the location I doubt many of the towers will be more than 30-35 stories. The land in this area is not the greatest, so most of the the towers will be match what is going on with Juneau and Milano. I could see anywhere from 5 to 7 towers, from 25 to 35 stories in height. I think the frontage on Dawson St. is zoned for low rise condos so there will be a few more there. Awkward though that two small parcels of land and a large parcel were not sold. The large parcel could house another tower, while the smaller ones will look out of place in a few years. EDIT: The larger parcel of land, 2421 Alpha Street, is officially being redeveloped, so hence why it was not sold as part of the deal.

Honestly, where else in North America is a land rush like this happening? If someone knows do let me know. There could be 25 towers built, or u/c, within the next five years in Brentwood. Crazy indeed.

Carters is officially encircled. Given the pressure on the dealership I doubt it will last more than a few more years.

[Caliplanner1]

Originally Posted by sburnaby33

Given the location I doubt many of the towers will be more than 30-35 stories. The land in this area is not the greatest, so most of the the towers will be match what is going on with Juneau and Milano. I could see anywhere from 5 to 7 towers, from 25 to 35 stories in height. I think the frontage on Dawson St. is zoned for low rise condos so there will be a few more there. Awkward though that two small parcels of land and one large parcel were not sold. The large parcel could house another tower, while the smaller ones will look out of place in a few years.

Honestly, where else in North America is a land rush like this happening? If someone knows do let me know. There could be 25 towers built, or u/c, within the next five years in Brentwood. Crazy indeed.

Carters is officially encircled. Given the pressure on the dealership I doubt it will last more than five or so years.

Two things crossed my mind on seeing your post. 1) that Vancouver might very well see a rise in online car shopping/sales and 2) a dearth of gas stations due to high land values favoring residential/commercial office development could push more drivers towards electric vehicles and mass transit.

[VarBreStr18]

Originally Posted by sburnaby33

I checked e-assessment last year regarding this. I calculated a worth of roughly 110 million. Given that it is the last major area to be developed, close to the Skytrain, near Amazing Brentwood/Solo, and the need for a high payment price to entice the seller, I would say 300-350 million in today's prices. In a couple of years it could easily top 400 to 450 million.

Sounds overly optimistic to me. The two parcels of land looks to be similar in size. The Carter parcel in a slightly better location being immediately south of Brentwood station, but to for it to fetch twice or even three times the value is stretching it. Dont forget for the land to inflate so much, the subsequent condo value goes up as well, which at the current price is already pushing the affordability threshold. It may turn out to be the final straw which bursts the bubble.

[sburnaby33]

Originally Posted by VarBreStr18

Sounds overly optimistic to me. The two parcels of land looks to be similar in size. The Carter parcel in a slightly better location being immediately south of Brentwood station, but to for it to fetch twice or even three times the value is stretching it. Dont forget for the land to inflate so much, the subsequent condo value goes up as well, which at the current price is already pushing the affordability threshold. It may turn out to be the final straw which bursts the bubble.

Indeed, I did make a mistake as I included the business center to the east of the dealership fronting Beta as part of my assessment. In a sensible market it should be around 200 million, just slightly below Brentwood's value. I just dont see sensiblity in this city at all, however.

[GilmoreStation]

Willingdon Linear was demanded by the Heights Merchant Association

[GilmoreStation]

Originally Posted by red-paladin

http://www.vancouvermarket.ca/2017/06/09/8-acre-brentwood-site-sells-in-152-million-deal/

Damn, foreign developers are also pricing out local delevopers, gg

[Tetsuo]

Someone bought the Pizza Hut site on Hastings at Gamma, they are relocating down the street and becoming delivery/pickup only.

Any remaining sit-down former all you can eat Pizza Huts restaurants left?

[SpongeG]

i think there is a sit down pizza hut in east van near rupert on east 1st, across from deserres. But i haven't really paid attention lately when i have driven that way in recent months.

[excel]

Originally Posted by Tetsuo

Someone bought the Pizza Hut site on Hastings at Gamma, they are relocating down the street and becoming delivery/pickup only.

Any remaining sit-down former all you can eat Pizza Huts restaurants left?

I assume they will be building a small condo complex to replace it. Any ideas if this is the case?

[Spr0ckets]

Originally Posted by Tetsuo

Someone bought the Pizza Hut site on Hastings at Gamma, they are relocating down the street and becoming delivery/pickup only.

Any remaining sit-down former all you can eat Pizza Huts restaurants left?

There's one on 4th Street just west off of Burrard. It does have some seating space for eating.

There should also be one on Kingsway near Metrotown if I remember correctly.
Not sure if that one has seating space or is strictly pick-up and delivery.

[Tetsuo]

South Burnaby that used to be served by Gilley and Kingsway ATM is being served by both that Kingsway location, and New West McBride. I know they tried to open in High Gate but CORA took the space before them.

A little birdie told me management is happy at the coverage being provided by the two abovemention stores, they are going to wait it out for KingsCrossing for a replacement

Those tiny sit down is the same with most Pizza places, theyll have a table or bar like setup, but nothing like the old "restaurant" styled chalets.