A small but interesting new condo project currently under construction in downtown Vancouver has started marketing. 1121 Seymour Street is an upcoming 38 unit condo project in Yaletown across from Emery Barnes Park and built by Wall Financial. The homes will be complete in early 2017. The location is just a block off Davie Street.
News roundup of the biggest stories in Vancouver real estate from the past week including a report by Bloomberg showing Chinese investors snapped up 33% of all Vancouver real estate in 2015, plus the real estate board triples fines for realtor misconduct and the Premier promises a crackdown on shadow flipping. Oh, and prices in the city continue to accelerate, especially for downtown condos.
Exciting redevelopment plans for the biggest vacant building in downtown Vancouver, the old post office, have been unveiled.
The project is still years away, and a rezoning application is not expected to be submitted until later this year, but the developer, Bentall Kennedy, plans to convert the massive old building into a mix of retail, offices and residential with four new towers built on top.
Attention shoppers! A new Safeway store is coming to Davie Street in Vancouver’s West End. Westbank is planning to redevelop the current grocery store into a two tower rental apartment development with a new Safeway store and liquor store in the podium.
The redevelopment looks similar to Westbank’s project at Granville and 70th, which also replaced an aging Safeway with a brand new store in the podium of a residential tower.
Only on Commercial Drive could a proposed 12 storey building with new social housing and space for a cherished non-profit society generate so much controversy.
But the Boffo Kettle project is being fought tooth and nail by organizers of the No Venables Tower coalition, who have collected over 3,500 signatures on a petition opposing the development. I don’t know if I would call 12 storeys a tower, it’s more of a mid rise. But let’s face it, “no tower” sounds sexier, and definitely more controversial.
An open house was held Wednesday for a new condo development proposal by Grosvenor Pacific at Hornby and Pacific streets, at the site of the former Il Giardino restaurant. The models show a possible future tower at the current location of the Granville Street bridge loop, in between the existing Maddox and and future Vancouver House towers.
Construction is well underway at the Vancouver House development by Westbank at Howe and Pacific in downtown Vancouver.
The 52 storey tower was designed by renowned Danish architect Bjarke Ingels, and is slated for completion in 2018, although that seems quite ambitious as you can see by these photos.
Developed by Westbank and designed by prominent Japanese architect Kengo Kuma, the 43-storey condo building will replace an office building at Alberni and Cardero streets. This will be Kuma’s first major project in North America. He is well known for the use of wood in his designs, and this building is no exception.
The Telus Garden office building has been complete and open since September, but the condo tower is still under construction. But it’s edging ever closer to completion, with some of the finishing touches now being applied to the exterior.
When complete, the building will have 53 storeys and 428 units. The developer is Westbank and the architect is Henriquez Partners, who recently moved their office into the office building of Telus Garden.
The controversial condo tower at 508 Helmcken St. (now 1111 Richards St.) next to Emery Barnes Park in downtown Vancouver is moving forward. It’s now called 8x on the Park and presales begin May 2016.
Coming to the site, currently home to the Jubilee House social housing building, will be a 36-storey mixed use tower with 448 residential units, 110 of which will be market rental and 338 market condos. There will also be a private Montessori pre-school and kindergarten in the building on the first two floors. The building was designed by GBL Architects.
Housing prices in Vancouver continue to be the topic du jour, with debate playing out in the media and among locals daily.
With prices in the city continuing to rise at unprecedented levels, let’s examine some of the most popular theories.
A new art installation dubbed the “Milky Way” of lights will soon brighten up the 135 metre-tall blank wall of an upcoming Yaletown development. DIALOG Architects has applied to the City of Vancouver on behalf of their client Wall Financial Group for permission to install the public art project. Wall is currently building a 43 storey tall rental tower at 1310 Richards Street called Wall Centre Yaletown.
Some interesting renderings have surfaced for an extremely valuable redevelopment site in Coal Harbour that has been in the news lately.
1444 Alberni Street, currently home to a 1970s-era rental apartment tower, along with an office building at 740 Nicola St., were first acquired by Wall Financial for $83.5 million in 2014.
Aurmon Developments (developers of Raffles on Robson, R&R) are proposing a new 12 storey condo building at West 2nd Ave. and Wylie St. in the Olympic Village/South East False Creek neighbourhood.
The lot at 371 West 2nd Ave., across from the Maynards development & Petsmart, is one of last remaining vacant lots on the north side of the street and is currently home to a community garden.
Ellsworth and developer, Chard Development, is accepting registrations for the 89 unit, 10 storey building. Ellsworth will feature a mix of studio, one, two and three bedroom homes. The building will feature a large rooftop deck and amenity space, plus commercial space on the ground floor.