Downtown Vancouver Updates

[Changing City]

Originally Posted by Capitol Hill

My great grandparents owned a house at 984 Burrard St., where the BC Hydro building was put in the 1950s. Sitting around with the family during the holidays, we were wondering what the land would be worth in 2019.

Just fun parlor games, I wish you all a Merry Christmas, Happy Holidays, and the best for 2020.

It's possible to get the land value from the City's VanMap mapping. It shows the Electra strata has 448 owners, and the combined land value is nearly $149 million. (The build is assessed at another $48 million).

You can put the 1912 insurance map underneath the contemporary map - (it's in the Aerial Images layer). That shows there were 5 houses on Burrard, and 7 on Hornby that were removed to build the new office, completed in 1953. That would suggest the Burrard house sites are worth $14.9m CA each today, and the Hornby lots $10.6m CA each.

Happy holidays to you too.

[jollyburger]

Originally Posted by Changing City

It's possible to get the land value from the City's VanMap mapping. It shows the Electra strata has 448 owners, and the combined land value is nearly $149 million. (The build is assessed at another $48 million).

You can put the 1912 insurance map underneath the contemporary map - (it's in the Aerial Images layer). That shows there were 5 houses on Burrard, and 7 on Hornby that were removed to build the new office, completed in 1953. That would suggest the Burrard house sites are worth $14.9m CA each today, and the Hornby lots $10.6m CA each.

Happy holidays to you too.

I assume the land would be worth more (assuming you had all the land massed together) without the Electra building and could build something brand new and more higher?

[officedweller]

600 Robson

Looks like all the stores on the block are now closed for this one:

Originally Posted by Feathered Friend

https://cityduo.wordpress.com/2019/04/03...ll-thought-out-downtown-office-building/

[scryer]

Originally Posted by officedweller

600 Robson

Looks like all the stores on the block are now closed for this one:

13 stories only though . Needs to be triple that for a real city.

[SpongeG]

what project are they talking about in this article?

https://www.vancouverisawesome.com/real-...k51quHBFt_fJnP-dre9YqpMUX8zAG6pSrbWUjVbo

[officedweller]

This one - on the corner of Alberni & Denman:

Originally Posted by Feathered Friend

Read more about the night of the open house and our feelings about the building here : https://cityduo.wordpress.com/2018/02/26...rhood-restaurant-welcome-west-end-homes/

[SpongeG]

oh ok. $5 million starting price, that's pretty crazy.

[Vin]

Originally Posted by SpongeG

oh ok. $5 million starting price, that's pretty crazy.

With developers having to chip in so much for CACs, combined with a requirement for rental units, plus the relatively low density allowed on many of the developments, etc, this would be the new normal for downtown Vancouver: a truly unaffordable place to own a condo unit. Wait till you see how much the Plaza of Nations development condo units would cost.

[Changing City]

Originally Posted by Vin

With developers having to chip in so much for CACs, combined with a requirement for rental units, plus the relatively low density allowed on many of the developments, etc, this would be the new normal for downtown Vancouver: a truly unaffordable place to own a condo unit. Wait till you see how much the Plaza of Nations development condo units would cost.

The developer is not paying a CAC - this is not a rezoning.

The cost per square foot is similar to the market price for older buildings not too far away. The developers are obviously hoping their brand new building is worth the same as Bayshore waterfront.


[source]

[Capitol Hill]

Originally Posted by Changing City

It's possible to get the land value from the City's VanMap mapping. It shows the Electra strata has 448 owners, and the combined land value is nearly $149 million. (The build is assessed at another $48 million).

You can put the 1912 insurance map underneath the contemporary map - (it's in the Aerial Images layer). That shows there were 5 houses on Burrard, and 7 on Hornby that were removed to build the new office, completed in 1953. That would suggest the Burrard house sites are worth $14.9m CA each today, and the Hornby lots $10.6m CA each.

Happy holidays to you too.

Thank you, my Mom is stunned!

[mcminsen]

Originally Posted by mcminsen

Nov.19 '19, my pics

53 days later...

Looks like they're still waiting for all the sliding door glass.




Jan.11 '20, my pics

[mcminsen]

Originally Posted by mcminsen

Sept.16 '19, my pics

Almost 4 months later...




Jan.11 '20, my pics

[officedweller]

Didn't expect that black frame.
Looks good. Wonder if it'll become a roost.

[jollyburger]

It's okay all those beams will have little spikes on them.

[Vin]

With all these towers almost completed, this block is looking rather exciting. Wonder what kinds of retain will eventually go into the CRUs there. Should improve the business environment of this stretch, considering how bad it has been with a number of shops being vacant. Safeway or another retail anchor opening there is also much needed.

[Tetsuo]

Safeway, BC Liquor, another bank and Circle K hahahahaha

[SpongeG]

and at least 2 bubble tea places.

[Galaxy]

Originally Posted by Tetsuo

Safeway, BC Liquor, another bank and Circle K hahahahaha

BC Liquor is reopening its store in the area once there CRU is complete. They closed that location for the redevelopment and will reopen their store whenever it's ready as indicated a long time ago.

[NewfBC]

Originally Posted by Galaxy

BC Liquor is reopening its store in the area once there CRU is complete. They closed that location for the redevelopment and will reopen their store whenever it's ready as indicated a long time ago.

Would be cool to see a Safeway Liquor in this area.

Ron.

[WarrenC12]

What, no BC Cannabis?