Olympic Village & Southeast False Creek Updates Discussion

[rofina]

Originally Posted by WarrenC12

Second and Main is finally seeing occupancy with people moving in over the past week or so.

Nothing happening with any of the ground level retail from what I can see.

This turned out not bad. Kind of like it.

Busy corner to live on though.

[Changing City]

Originally Posted by WarrenC12

Second and Main is finally seeing occupancy with people moving in over the past week or so.

Nothing happening with any of the ground level retail from what I can see.

Probably not helping that they're for sale as strata, rather than for lease. It's interesting that none of the outdoor stores that clustered around MEC have made the move north to follow the MEC store, and have stayed up on West Broadway for now.

[Changing City]

Originally Posted by WarrenC12

Second and Main is finally seeing occupancy with people moving in over the past week or so.

Nothing happening with any of the ground level retail from what I can see.

Probably not helping that the stores are for sale as strata, rather than for lease. It's interesting that none of the outdoor stores that clustered around MEC have made the move north to follow the MEC store, and have stayed up on West Broadway for now.

[WarrenC12]

Originally Posted by Changing City

Probably not helping that they're for sale as strata, rather than for lease. It's interesting that none of the outdoor stores that clustered around MEC have made the move north to follow the MEC store, and have stayed up on West Broadway for now.

I didn't realize they were strata. Interesting. I wonder how the math works out as a landlord.

I imagine the outdoor stores on Broadway can't afford the rent down around the new store, they are in some pretty old buildings up on Broadway and there's no equivalent in the new area. The sizes are all pretty small too.

[jollyburger]

Couldn't get a good view of the site but that Concert development seems like it's at ground level now.

[Jimbo604]

Photo credit: me

After a period of inactivity Onni project beside Emily Carr University and Broadway Subway Station has restarted. Workers and machinery onsite and actively working.

*edit: this is 375 E 1st ave, see more below

Google Street View Link

[WarrenC12]

Originally Posted by Jimbo604

After a period of inactivity Onni project beside Emily Carr University and Broadway Subway Station has restarted. Workers and machinery onsite and actively working.

Cool, I guess they got my memo.

[Jimbo604]

Source: https://www.urbanyvr.com/false-creek...fice-building/

* this article is 2017, is the info still current?

There are two properties here east of the Red Truck, 339 & 375 E 1st. 339 is currently the gravel dog park lot. And 375 is the Onni project.

Onni web page: 375 East 1st Ave describes development as:

"Retail:

Approximately 43,000 SF of retail space available

220 residential units
100,000 SF of hotel
Dense neighbourhood with substantial growth projections
Adjacent to Great Northern Way SkyTrain Station (Coming 2025)
Occupancy TBD
Office:

False Creek office space
On the corner of 1st Avenue and Thornton Street
Located next to the Emily Carr Campus
Located on the Central Valley Green Way
Adjacent to Great Northern Way SkyTrain Station (Coming 2025)
Walking distance Main Street SkyTrain station
Approximately 129,207 SF total office space
Approximate occupancy Q4 2024"

[officedweller]

You're in the wrong thread.
Go to the GNW Campus thread here:
https://skyscraperpage.com/forum/sho...154696&page=19

Originally Posted by Jimbo604

* this article is 2017, is the info still current?

[jollyburger]

Just like that, we have reached ground level at Tesoro by @concerthomes !

And by “just like that”, we mean one month of site prep, 43 days of secant piles, 124 days of excavation, and 5,000 cubic meters of concrete.

https://www.instagram.com/p/CWl1eR5BvLa/

[hollywoodnorth]

OK question for the masses.

We are in housing crunch we have never witnessed before ... what is the point of the CoV holding on to the "Olympic Village Phase 2" or "Ex City Works Yard" (what ever you want to call it the land between the OV and the Cambie Bridge) .... land ?

this land could literally house thousands and thousands of people.

its been over a decade since the Olympics yet the loser "visionaries" that run our city like the Mayor and Nut job Adriane Carr ..... have not even mentioned anything about this piece of land you know .... with its own skytrain station ..... for as long as I can remember.


whats the scoop here? Too busy plowing through bike lanes and building hobo housing and planning to take down the viaducts?

[WarrenC12]

^^^^ Agree and don't know what the hold up is. It's part of the SEFC masterplan and should have been well underway by now, along with NEFC.

Every year longer is tens(?) of millions of tax dollars we could have been collecting.

[VancouverOfTheFuture]

Originally Posted by WarrenC12

^^^^ Agree and don't know what the hold up is. It's part of the SEFC masterplan and should have been well underway by now, along with NEFC.

Every year longer is tens(?) of millions of tax dollars we could have been collecting.

CoV lost tons on the first Olympic Village, so that has scared them away from doing phase 2. also, CoV does not like to sell property they own, they hoard it. look at all the properties they own around the city; from SFH to Co-Op to random empty land.

also, who says new City Hall will be by Broadway/Cambie? Maybe they want to move it somewhere else. a waterfront City Hall could be nice after all.

i think it was a missed opportunity for CoV to not pay for the rights to call it "Olympic Village" hence why it is only called "The Village." TransLink/Canada-Line paid for it though.

[Changing City]

Originally Posted by VancouverOfTheFuture

CoV lost tons on the first Olympic Village, so that has scared them away from doing phase 2. also, CoV does not like to sell property they own, they hoard it. look at all the properties they own around the city; from SFH to Co-Op to random empty land.

also, who says new City Hall will be by Broadway/Cambie? Maybe they want to move it somewhere else. a waterfront City Hall could be nice after all.

i think it was a missed opportunity for CoV to not pay for the rights to call it "Olympic Village" hence why it is only called "The Village." TransLink/Canada-Line paid for it though.

The City of Vancouver didn't lose any money in the end on the Olympic Village, although they didn't get the whole payment for the land that had been negotiated. When the City sold the unsold condos to Aquilini, the marketing for the project changed its name to 'The Village on False Creek'.

[VancouverOfTheFuture]

Originally Posted by Changing City

The City of Vancouver didn't lose any money in the end on the Olympic Village, although they didn't get the whole payment for the land that had been negotiated. When the City sold the unsold condos to Aquilini, the marketing for the project changed its name to 'The Village on False Creek'.

i know it scared the city from doing another development ever again. that is what derailed phase 2. it was supposed to start right after the olympics finished. here we are almost 12yrs later.

and yeah, they couldn't keep the word Olympic since if you don't pay the IOC for the rights to use it, you cant.

[WarrenC12]

Originally Posted by VancouverOfTheFuture

i know it scared the city from doing another development ever again. that is what derailed phase 2. it was supposed to start right after the olympics finished. here we are almost 12yrs later.

and yeah, they couldn't keep the word Olympic since if you don't pay the IOC for the rights to use it, you cant.

You do? That's total nonsense. The City got bit by taking the highest bidder with the lowest reputation, then the great recession blew up in their face.

Of course they will continue to sell/lease their assets for housing.

[GenWhy?]

I think they're doing "East Park" first before the giant park / sports field near Cambie Bridge.

[GenWhy?]

Also they made a major bump to the area's CACs so they're in line with the rest of the City so a few last sites will probably give enough dough for the childcare site, the rest of Hinge park, the sports field or whatever they have planned. Odd they waited so long to change the CAC. That whole city block at Terminal should fetch a good few million.

[WarrenC12]

Originally Posted by GenWhy?

Also they made a major bump to the area's CACs so they're in line with the rest of the City so a few last sites will probably give enough dough for the childcare site, the rest of Hinge park, the sports field or whatever they have planned. Odd they waited so long to change the CAC. That whole city block at Terminal should fetch a good few million.

The school is the major missing piece right now. They could improve the park too. I think the Province is supposed to pay for the school.

[VancouverOfTheFuture]

Originally Posted by WarrenC12

You do? That's total nonsense. The City got bit by taking the highest bidder with the lowest reputation, then the great recession blew up in their face.

i do, yes, and it did scare the CoV. some things were out of their control, but yes, that project and what happened to it is exactly why the CoV has never done that again. it did scare them away from doing it again, at least in the near-term as evidenced by 12yrs of nothing happening.

will they get over it? maybe, though it has been 12yrs after-all.

can you explain another reason why they've never attempted anything like that ever again or even hinted at trying it again within the past 12yrs?