1444 Alberni | 138M | 48FL + 43FL | Passive House | Proposed

[Changing City]

Originally Posted by officedweller

It's still on the developer's website:

https://www.landaglobal.com/projects/1400-alberni/

Sure, but it's shown as 'Coming Soon', while their much smaller 1818 Alberni project has been on sale since the beginning of the year. That might tell them if there's any market for luxury West End product, but the units there are said to start at $5 million each - so I wouldn't hold my breath. I know they stopped detailed design work on these towers last year.

[Klazu]

I wonder what happened as when this and jenga tower were introduced, market was super hot. It didn't stop until much later.

Fortunately we are at least getting butterfly and Kuma towers!

[officedweller]

Originally Posted by Changing City

Sure, but it's shown as 'Coming Soon', while their much smaller 1818 Alberni project has been on sale since the beginning of the year. That might tell them if there's any market for luxury West End product, but the units there are said to start at $5 million each - so I wouldn't hold my breath. I know they stopped detailed design work on these towers last year.

Better than it being removed from the website is all I meant.

[Changing City]

Originally Posted by officedweller

Better than it being removed from the website is all I meant.

Gotcha; maybe 'dropped' wasn't the best choice of words. 'Parked' perhaps? Landa are presumably concentrating on selling the last of the 'from $2.48m' Chateau Laurier already completed units in Shaughnessy, and the Cascades project in Richmond, which is still under construction.

[Feathered Friend]

Originally Posted by VancouverOfTheFuture

so i am wondering, what has happened to these? they first broke in 2017, and its ~3yrs later and it seems nothing has come about.

can it really take over 3 years for a development? that seems so excessive.

Originally Posted by Changing City

Dropped a year ago. Like 1515 Alberni, the project wasn't offered for sale. Most likely the developer will wait least until there's some sort of market for high-end condos - your guess is as good as anybody else's how long that might be (if ever).

I would trust Changing City that the project has been paused.

That said:

Rezoning filed Sept 2017
Approved by council Sept 2018
Approved by the Development Permit Board May 2019

Like any proposal, that approval comes with conditions that need to be satisfied before a building permit is issued. In short, three years for a project of this scale is hardly out of the ordinary. For example, the rezoning application for the Oakridge Centre was first submitted in Oct 2012.

[LeftCoaster]

Originally Posted by Changing City

Gotcha; maybe 'dropped' wasn't the best choice of words. 'Parked' perhaps? Landa are presumably concentrating on selling the last of the 'from $2.48m' Chateau Laurier already completed units in Shaughnessy, and the Cascades project in Richmond, which is still under construction.

Parked is the right term. This project will still go once the market shores up.

Landa is doing the smart move by marketing their lower risk smaller project first as a litmus test. Unfortunately I don't think sales have been brisk at 1818 so I would expect to wait at little longer for 1444 to launch.

[VancouverOfTheFuture]

thanks got the info on this project. shame it is parked, but good to hear it could come back. i really quite liked these towers a lot.

[Graham_Yvr]

Heard from a reliable source that Bingham Hill Architects who have offices at 1444 Alberni have had their lease extended until Summer 2022. The residential tower next door has been largely empty since 2017. Only 22 of the ~122 suites are occupied, and the building is still showing "No Vacancy". Bit of a shame considering those suites could, and should be used. I hear they are 'move in' ready.

[rofina]

Originally Posted by Graham_Yvr

Heard from a reliable source that Bingham Hill Architects who have offices at 1444 Alberni have had their lease extended until Summer 2022. The residential tower next door has been largely empty since 2017. Only 22 of the ~122 suites are occupied, and the building is still showing "No Vacancy". Bit of a shame considering those suites could, and should be used. I hear they are 'move in' ready.

They may look to re occupy now that were looking at a minimum 2 year delay, and realistically could be 3 or 4 before market conditions improve.

Really loved these buildings, wish they could have been presold as part of this development cycle.

[jollyburger]

Originally Posted by Graham_Yvr

Heard from a reliable source that Bingham Hill Architects who have offices at 1444 Alberni have had their lease extended until Summer 2022. The residential tower next door has been largely empty since 2017. Only 22 of the ~122 suites are occupied, and the building is still showing "No Vacancy". Bit of a shame considering those suites could, and should be used. I hear they are 'move in' ready.

They have some offices at 1444 on Spacelist. It does say "short term space" so some hope for 2022.

https://www.spacelist.ca/listings/bc...erni_st#273730

[bb1510]

Not sure if these have been posted before but here are some interior renders of the common areas as well as some mood boards.

Interiors will be done by Chil Interiors, who is also doing Aspac's newest phase at River Green, Hollybridge.

I believe Ramsa will be doing some parts of the interior common areas such as lobby and landings but actual amenities and suites I believe are done by Chil.

[bb1510]

Typical interiors of high end Ramsa projects in New York (standard developer finishes designed by Ramsa):

https://streeteasy.com/building/220-...h-new_york/36b <- 220 CPS

https://streeteasy.com/building/220-...h-new_york/31a <- 220 CPS

https://streeteasy.com/building/220-...h-new_york/57b <- 220 CPS

https://streeteasy.com/building/15-c...w_york/ph1819a <- 15 CPW

https://streeteasy.com/building/520-...ue-new_york/33 <- 520 Park Ave

https://streeteasy.com/building/30-p...new_york/ph78b <- 30 Park Place


These two were done by Tony Ingrao (he charges $3000 psf in just design fees, excluding construction):

https://streeteasy.com/building/15-c...-new_york/ph43

https://streeteasy.com/building/15-c...-new_york/ph41



Sting's old unit in 15 Central Park West, done by Lee F. Mindel. He has since sold his old duplex here for 50m and bought a triplex unit in the villa section of 220 Central Park West for 67m:

https://streeteasy.com/sale/1274025



Click on "Past Sales" to see the past contract transaction prices for 220 Central Park South (basically blended 9000 usd psf, Ken Griffin's fourplex sold for 238m usd):

https://streeteasy.com/building/220-...lding_detail=2


220 CPS, 15 CPW, 520 Park Ave all use real limestone cladding, similar to what is proposed for 1468 Alberni.

30 Park Place uses a precast concrete product

[VancouverOfTheFuture]

Originally Posted by bb1510

Not sure if these have been posted before but here are some interior renders of the common areas as well as some mood boards.

Interiors will be done by Chil Interiors, who is also doing Aspac's newest phase at River Green, Hollybridge.

I believe Ramsa will be doing some parts of the interior common areas such as lobby and landings but actual amenities and suites I believe are done by Chil.

Originally Posted by bb1510

Typical interiors of high end Ramsa projects in New York (standard developer finishes designed by Ramsa):

https://streeteasy.com/building/220-...h-new_york/36b

https://streeteasy.com/building/220-...h-new_york/31a

https://streeteasy.com/building/220-...h-new_york/57b

https://streeteasy.com/building/15-c...w_york/ph1819a

https://streeteasy.com/building/520-...ue-new_york/33

https://streeteasy.com/building/30-p...new_york/ph78b


These two were done by Tony Ingrao (he charges $3000 psf in just design fees, excluding construction):

https://streeteasy.com/building/15-c...-new_york/ph43

https://streeteasy.com/building/15-c...-new_york/ph41



Sting's old unit in 15 Central Park West, done by Lee F. Mindel. He has since sold his old duplex here for 50m and bought a triplex unit in the villa section of 220 Central Park West for 67m:

https://streeteasy.com/sale/1274025



Click on "Past Sales" to see the past contract transaction prices for 220 Central Park South (basically blended 9000 usd psf, Ken Griffin's fourplex sold for 238m usd):

https://streeteasy.com/building/220-...lding_detail=2


220 CPS, 15 CPW, 520 Park Ave all use real limestone cladding, similar to what is proposed for 1468 Alberni.

30 Park Place uses a precast concrete product

these are cool, thanks for posting. though i do think this project is on hold at least for now.

[bb1510]

Originally Posted by VancouverOfTheFuture

these are cool, thanks for posting. though i do think this project is on hold at least for now.

I think so as well but when it does hit the market, I wouldn’t be surprised if the list prices would set a new record high given usually Ramsa projects are usually very well received by that crowd

Among all the newer billionaires rows towers in New York, only 220 Central Park South is nearly sold out at 92% in contract and at a record blended psf of 9000 usd.

Other towers like Central Park Tower, 111 West 57th, 53w53 aren’t faring as well even though they are closer to 6500 usd blended psf. They’re closer to 20-25% in contract

[chrisel]

MCM Architects' website (http://www.mcmparchitects.com/projects/1468-alberni/) states this:

"Projected completion of this project is spring 2025."

It's already on an extended time horizon.

[rofina]

Originally Posted by bb1510

I think so as well but when it does hit the market, I wouldn’t be surprised if the list prices would set a new record high given usually Ramsa projects are usually very well received by that crowd

Among all the newer billionaires rows towers in New York, only 220 Central Park South is nearly sold out at 92% in contract and at a record blended psf of 9000 usd.

Other towers like Central Park Tower, 111 West 57th, 53w53 aren’t faring as well even though they are closer to 6500 usd blended psf. They’re closer to 20-25% in contract

Cant wait for this one to make a comeback. Would love to have this in Vancouver.

Beautiful departure from our typical luxury product here.

[bb1510]

Originally Posted by rofina

Cant wait for this one to make a comeback. Would love to have this in Vancouver.

Beautiful departure from our typical luxury product here.

Units at the Kingswood Shaughnessy still sell close to/above asking prices in basically a week. Strata fees are above $1 psf

[yaletown_fella]

Any updates ? Is this still in sales or dead?

[officedweller]

Noticed this in BIV:

Defendants

Landa Global Acquisitions Ltd. and Landa (TH) LP and Landa Denman LP and Landa Oval Development Ltd. and 1650 Alberni Residential Ltd. and 1650 Alberni Commercial Ltd. and Landa Alma LP and Landa Global Properties Ltd. and 1488 Alberni Development Holdings LP and 1488 Alberni Investment LP and Wa Ge Holdings Corp. and Chih Wei Pai aka Wayne Pai

Plaintiff

1205885 B.C. Ltd.

Claim

Damages for breach of contract for defendants’ failure to pay for consulting services for construction projects.

https://biv.com/article/2022/12/whos...cember-26-2022

[Changing City]

Originally Posted by officedweller

Noticed this in BIV

BASTET CONSTRUCTION MANAGEMENT SOLUTIONS is owned by: 1205885 B.C. LTD.