Broadway Corridor Updates - Page 19

Migrant_Coconut · #**361** Posted **Feb 23, 2024, 5:22 AM**

South Granville's gonna be YUGE by the end of the decade. Can't wait.

Changing City · #**362** Posted **Feb 23, 2024, 6:01 AM**

Quote:

Originally Posted by Migrant_Coconut

South Granville's gonna be YUGE by the end of the decade. Can't wait.

I think GenWhy noted that all the developers are piling in to reserve their 'spot' to make sure that their part of the block is the one that can be developed (as there are limits on the number of towers per block).

I wonder if that means some of the projects will sit longer before they're redeveloped? A lot of the sites have existing apartment buildings generating income, so those developers aren't forced into developing straight away.

Between the projects on 'Shape Your City' and the City's Inquiry database there are already around 6,000 apartments in 30 towers, over 95% of them rental, and there are at least 15 more sites on the market or bought by developers. I'm guessing there might be enough potential to see development well into the next decade too.

officedweller · #**363** Posted **Feb 23, 2024, 7:00 AM**

The massing so reminds me of Buchanan Tower at UBC...

Quote:

Originally Posted by madog222

1190 W 10th

Images from shapeyourcity at the respective links.

GenWhy? · #**364** Posted **Feb 23, 2024, 5:21 PM**

Quote:

Originally Posted by Changing City

I think GenWhy noted that all the developers are piling in to reserve their 'spot' to make sure that their part of the block is the one that can be developed (as there are limits on the number of towers per block).

That is true that a good portion of these (not the ones so far but in total) are just securing their sites for a tower to reserve development for a later date - mind you once the Rezoning is completed that's still another year or maybe 2 before construction begins and you'd need financing. I think what a lot of "tire kickers" don't realize is the tenant compensation is triggered once rezoning is officially applied for and all the baggage and costs that come along with that. Definitely not a perfect system.

Some of these will do through right away and it wouldn't be a shock to see 10-15 proceed immediately on schedule - which is still a huge amount.

Vin · #**365** Posted **Feb 23, 2024, 7:20 PM**

Quote:

Originally Posted by Migrant_Coconut

South Granville's gonna be YUGE by the end of the decade. Can't wait.

If you rezone it, they will come.

jollyburger · #**366** Posted **Feb 23, 2024, 7:36 PM**

The developer of 1960 W 7th is part of the Graham Group. And they are also behind 2175 West 7th Avenue.

https://gracorp.com/about/the-graham-advantage/

Changing City · #**367** Posted **Feb 23, 2024, 9:35 PM**

Quote:

Originally Posted by jollyburger

The developer of 1960 W 7th is part of the Graham Group. And they are also behind 2175 West 7th Avenue.

And in the West End and Oakridge as well.

phesto · #**368** Posted **Feb 23, 2024, 10:58 PM**

Quadreal's rezoning app for the Mount St. Jo's parking lot at 2950 Prince Edward has been submitted. It's a big one.

Rezone from C-2/RM-4 to CD-1 to permit development of a mixed-use secured market rental and below-market rental building, with towers of 32 storeys and 25 storeys. Includes 542 units, childcare and retail at grade. 8.5 FSR proposed. Broadway Plan is enabling policy.

Type of Work: New CD-1

WarrenC12 · #**369** Posted **Feb 23, 2024, 11:03 PM**

Quote:

Originally Posted by phesto

Quadreal's rezoning app for the Mount St. Jo's parking lot at 2950 Prince Edward has been submitted. It's a big one.

Rezone from C-2/RM-4 to CD-1 to permit development of a mixed-use secured market rental and below-market rental building, with towers of 32 storeys and 25 storeys. Includes 542 units, childcare and retail at grade. 8.5 FSR proposed. Broadway Plan is enabling policy.

Type of Work: New CD-1

Wow I had no idea that parking lot was owned by Quadreal. Did Providence sell it or did they never own it?

GenWhy? · #**370** Posted **Feb 23, 2024, 11:29 PM**

Quote:

Originally Posted by phesto

Quadreal's rezoning app for the Mount St. Jo's parking lot at 2950 Prince Edward has been submitted. It's a big one.

I really hope this rezoning includes off-site work to fix the street configuration at Kingsway and 13th.

jollyburger · #**371** Posted **Feb 24, 2024, 1:43 AM**

Quote:

Originally Posted by WarrenC12

Wow I had no idea that parking lot was owned by Quadreal. Did Providence sell it or did they never own it?

Quote:

On April 10, 2019, PRCC transferred and assigned to the Foundation, by way of gift, its right, title and interest in and to the land located at 2950 Prince Edward Street, Vancouver, BC.

https://www2.gov.bc.ca/assets/gov/br...fs-2018-19.pdf

Seems like it got sold in 2019 for $29,100,000

https://claridgeadvisors.com/wp-cont.../7-12-2019.pdf

vanman · #**372** Posted **Feb 24, 2024, 3:49 AM**

Quote:

Originally Posted by seamusmcduff

The architecture definitely leaves something to be desired on this one.

Seems like that's the running theme with most of these Broadway corridor proposals. We're getting West End density but also drab West End architecture.

seamusmcduff · #**373** Posted **Feb 24, 2024, 4:09 AM**

I imagine that any criticism of the architecture on these will be met with "well its a rental building, what do you expect?", regardless of how valid that is. I think developers have the view that renters are less picky about how a building looks, so they don't need to spend as much money on design. I do wonder how true that is in today's market when even high income younger generations have to rent.

Regardless, I don't think they should get a pass simply because they're rentals.

seamusmcduff · #**374** Posted **Feb 24, 2024, 4:43 AM**

Well this most recent proposal is certainly something... this one definitely feels like a place holder.
https://www.shapeyourcity.ca/1245-1265-w-10-ave

gaviscon · #**375** Posted **Feb 24, 2024, 5:33 AM**

Hopefully, we begin to see better architecture along Broadway.

95% of the proposals so far are borderline unacceptable for a region that's going to be an extension of downtown Van...

This ain't Edmonton.

jollyburger · #**376** Posted **Feb 24, 2024, 6:02 AM**

SOLD Price $7,375,000
SOLD Date: July 2020

https://multifamilybc.cbrevancouver....ent-portfolio/

https://goodmanreport.com/app/upload...er-31-2020.pdf

Changing City · #**377** Posted **Feb 24, 2024, 6:33 AM**

Quote:

Originally Posted by jollyburger

SOLD Price $7,375,000
SOLD Date: July 2020

https://multifamilybc.cbrevancouver....ent-portfolio/

https://goodmanreport.com/app/upload...er-31-2020.pdf

That's for 1245 and 1255. There's also 1265 added to the site.

Westridge, the developer, also have another Broadway project at 10 E11th

Changing City · #**378** Posted **Feb 24, 2024, 6:36 AM**

Quote:

Originally Posted by seamusmcduff

Well this most recent proposal is certainly something... this one definitely feels like a place holder.

Here's another view. I think it's beyond 'placeholder' - it's by Stuart Howard, who is very experienced, and it has grey and golden-yellow terracotta accents and grey metal panels.

[Changing City blog]