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After more than a year constructing the underground parkade, construction at the site of the new luxury hotel/residential project at 1153 West Georgia Street, has reached grade level. Sales are expected commence later this year. The developer, Holborn Group, had originally anticipated completion by 2010, but the project was delayed.
Trump Tower Vancouver Construction, picture by Built Form (SSP)
Trump Tower Vancouver Construction, picture by Built Form (SSP)
Grosvenor presents redesign to council.
A shorter, more architecturally distinct version of the mid-rise development earmarked for the 1300-block of Marine Drive in West Vancouver took one more baby step towards realization.
Council voted unanimously Monday night to hand the revised blueprints to its design review committee.
The height of each building has been reduced by one storey and between 20 and 27 feet from the original design. At seven and six storeys, the two terraced mid-rises would now measure 79 and 68 feet, respectively.
The buildings would also feature smaller units than originally planned, giving the project 100 units with an average size of 1,771 square feet.
238 Fell Avenue, a 2-storey retail and office complex on the East side of Fell Avenue in North Vancouver has sold for $2,300,000. The building is a total of 7,232 SF in size, representing $318 per SF. The building had been listed for $2,600,000.
News of Cadillac Fairview’s proposal for a 65-storey, 580-unit rental apartment tower at Queen and Yonge St. in Downtown Toronto is interesting for Vancouver observers. The proposal indicates that the development will have zero parking stalls. Instead, it will include 580 bicycle spaces are planned instead. The building appears to be absent of unit balconies as well.
This particular site includes demolition of an existing retail space and preservation of an existing heritage building, and based upon the location, parking probably won’t be necessity for most urban residents.
This begs an interesting question however, would the outright or partial relaxation of parking requirements for a downtown rental project be viable from a rental or construction perspective? There are many buildings in the West End that do not have any parking, and this does not appear to impact rents…
Recent efforts to reduce parking requirements for Vancouver condo projects have yielded mixed results; such as the MC2 project at Marine and Cambie where units sans obligatory parking stall were apparently much slower to sell. Is rental different?