Burrard Place | 168m, 112m, 56m | 54fl, 36fl, 13fl | 938,000 sqft | U/C - Page 117

bb1510 · #**2321** Posted **Sep 18, 2022, 9:17 AM**

Quote:

Originally Posted by FarmerHaight

I could be wrong, but I don't think that means they only owned two properties as of January 2022. I think that means those are the two main properties they own. It could be that those two properties account for an outsized portion of the $104 million in land and buildings they have on the balance sheet.

The assessed value of the Cornwall building is $79 million and lululemon bought it in 2011. Since lululemon accounts for its PP&E at cost less accumulated amortization, the carrying cost of that building is likely well below $79 million. So unless one warehouse in Columbus is carried at $25 million plus, lululemon owns other property such as the yet to be developed lot and other, smaller properties.

I think the kits location that was sold off was the 1650 West 1st location (Ellis Foster Building) unless that location was leased and not owned by them. That location however, was definitely sold as I know who the new owners are.

While I won't disclose who it is as I'm not sure if it's public info but what I can say is that they're pretty well known in the real estate industry and were on the news a while back. It's a pretty drastic move for them for where they're coming from.

jollyburger · #**2322** Posted **Sep 18, 2022, 10:33 AM**

Quote:

Originally Posted by bb1510

I think the kits location that was sold off was the 1650 West 1st location (Ellis Foster Building) unless that location was leased and not owned by them. That location however, was definitely sold as I know who the new owners are.

While I won't disclose who it is as I'm not sure if it's public info but what I can say is that they're pretty well known in the real estate industry and were on the news a while back. It's a pretty drastic move for them for where they're coming from.

That makes more sense. I forgot they had a lululemon office in that building.

WarrenC12 · #**2323** Posted **Sep 18, 2022, 2:57 PM**

LOL renting for $8k/month and the landlord still won't cover the move-in fee. Good luck!

Zepfancouver · #**2324** Posted **Sep 19, 2022, 7:14 AM**

One Burrard is completed with occupancy.
The LED feature is a non-invasive, non-threatening static amber color

Quote:

Originally Posted by officedweller

I think they should do what they do for the Burrard Bridge lighting
- choose a theme for each night rather than changing colours every few minutes, which looks a bit gaudy.

I am with OD...Illuminate City Hall and Burrard Street Bridge
The gif (its a little rough) begins at the 10th floor. On Imgur https://imgur.com/gallery/3MNiqZP

whatnext · #**2325** Posted **Sep 19, 2022, 4:40 PM**

And units already up for sale. $955k for a 455 sq/ft 1 bedroom? Pass.

https://www.rew.ca/properties/435043...erty_click=map

NewfBC · #**2326** Posted **Sep 19, 2022, 6:04 PM**

Quote:

Originally Posted by whatnext

And units already up for sale. $955k for a 455 sq/ft 1 bedroom? Pass.

https://www.rew.ca/properties/435043...erty_click=map

1br? You wish!

'This brand new luxury studio suite has a built-in murphy bed turn into dining table'

Ron.

TwoFace · #**2327** Posted **Sep 19, 2022, 6:29 PM**

Quote:

Originally Posted by whatnext

And units already up for sale. $955k for a 455 sq/ft 1 bedroom? Pass.

https://www.rew.ca/properties/435043...erty_click=map

At those prices I'm a multi-millionaire

bb1510 · #**2328** Posted **Sep 19, 2022, 10:39 PM**

Quote:

Originally Posted by NewfBC

1br? You wish!

'This brand new luxury studio suite has a built-in murphy bed turn into dining table'

Ron.

With an acrylic shower pan at those prices too

officedweller · #**2329** Posted **Sep 20, 2022, 12:46 AM**

Quote:

Originally Posted by Zepfancouver

One Burrard is completed with occupancy.

Nice!

Burrardbuilder · #**2330** Posted **Sep 23, 2022, 7:51 PM**

Quote:

Originally Posted by bb1510

With an acrylic shower pan at those prices too

can confirm. We installed 3 type of wall beds. they are basically wall to wall

Jimbo604 · #**2331** Posted **Sep 25, 2022, 6:10 PM**

Quote:

Originally Posted by Burrardbuilder

can confirm. We installed 3 type of wall beds. they are basically wall to wall

Need for bed side table eliminated.

Klazu · #**2332** Posted **Sep 26, 2022, 3:08 AM**

From back in June.

Zepfancouver · #**2333** Posted **Sep 27, 2022, 2:19 AM**

Today

A short video https://youtu.be/gQRE0nbI5Ts?t=300

officedweller · #**2334** Posted **Sep 28, 2022, 2:29 AM**

The lantern at the top stays on all night.
The spine turns off a some point - maybe 10 or 11 pm?

It would have been nice if the crown was lit all the way around, as I can see it from my condo in Yaletown, but only the short east-facing side of the lantern.

PS - at night you can see the spine from the south end of the Cambie Bridge while driving north.

officedweller · #**2335** Posted **Sep 28, 2022, 8:35 AM**

Proposed bike share station along $1.4 million cultural art wall is a "desecration"

https://dailyhive.com/vancouver/whee...-burrard-place

WarrenC12 · #**2336** Posted **Sep 28, 2022, 3:19 PM**

I have noticed Mobi (or the City) is pulling some of these stations off the roads and on to designated areas, many in new developments. This doesn't look like a good spot though.

Part of this is because some of them are new "charging stations" and need access to electricity.

whatnext · #**2337** Posted **Sep 28, 2022, 4:15 PM**

Quote:

Originally Posted by officedweller

Proposed bike share station along $1.4 million cultural art wall is a "desecration"

What a joke! Why even bother to commission a piece of art if you're going to throw up that bike stand in front of it? It's not like there aren't plenty of Mobi stations in that area or they couldn't take space on the road.

TwoFace · #**2338** Posted **Sep 28, 2022, 4:54 PM**

Has anyone seen the financial stats on the Mobi program?. Does it make money, brake even or is it just a feel good eco story.

Changing City · #**2339** Posted **Sep 28, 2022, 5:28 PM**

Quote:

Originally Posted by TwoFace

Has anyone seen the financial stats on the Mobi program?. Does it make money, brake even or is it just a feel good eco story.

It was subsidized to set it up in 2016, but apparently doesn't get any City funding now. The company that runs it is private, so they don't appear to have public financial statements. They get sponsorship from Shaw and now BC Hyrdo, and possibly others.

For the latest roll out of 500 e-bikes and new stations, "the new e-bikes and stations are provided by VBSI at no cost to the City. The City is providing the electrical connections for the electrified stations through the rezoning and redevelopment process and the curbside electrical program." [source]

TwoFace · #**2340** Posted **Sep 28, 2022, 5:42 PM**

Quote:

Originally Posted by Changing City

It was subsidized to set it up in 2016, but apparently doesn't get any City funding now. The company that runs it is private, so they don't appear to have public financial statements. They get sponsorship from Shaw and now BC Hyrdo, and possibly others.

For the latest roll out of 500 e-bikes and new stations, "the new e-bikes and stations are provided by VBSI at no cost to the City. The City is providing the electrical connections for the electrified stations through the rezoning and redevelopment process and the curbside electrical program." [source]

Thanks, I would think that the new e-bikes will make it successful, as I see full racks of conventional pedal pushers all the time.
Wonder how many folks know that no tax dollars are involved.