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Development, Office

Construction Update: 745 Thurlow Street

August 27, 2014by david.taylor@colliers.com
Apartment, Development

Mixing in Social Housing with Market Housing Creating Issues in New York Similar to Vancouver

This article in the New York Times highlights some challenges in incorporating social housing in a higher-end market condo building. This is an issue that may become more prominent in Vancouver as the City tries to generate new social housing units by requiring social housing in new market developments; particularly in higher density areas like the West End.

‘Poor Door’ in New York Tower Opens Housing Fight

New York Times, August 27, 2014

A 33-story glassy tower rising on Manhattan’s waterfront will offer all the extras that a condo buyer paying up to $25 million would expect, like concierge service, entertainment rooms, and unobstructed views of the Hudson River and miles beyond.

The project will also cater to renters who make no more than about $50,000. They will not share the same perks, and they will also not share the same entrance.

 The so-called poor door has brought an outcry, with numerous officials now demanding an end to the strategy. But the question of how to best incorporate affordable units into projects built for the rich has become more relevant than ever as Mayor Bill de Blasio seeks the construction of 80,000 new affordable units over the next 10 years.

 The answer is not a simple one. As public housing becomes a crumbling relic of another era, American cities have grown more reliant on the private sector to build housing for the poor and working class. Developers say they can maximize their revenues, and thus build more affordable units, by separating them from their luxury counterparts.

Read more: http://www.nytimes.com/2014/08/27/nyregion/separate-entryways-for-new-york-condo-buyers-and-renters-create-an-affordable-housing-dilemma.html

August 27, 2014by david.taylor@colliers.com
Apartment, Development

Market Spotlight: 1601 Comox Street

By ChangingCity

1601 ComoxGrace Court is a 1912 7-storey 26 unit concrete apartment building designed by R MacKay Fripp for D D Hutchinson. When it was built it cost $40,000 and filled just over half the lot it sits on. Recent changes to the West End zoning from the West End Plan allow an infill building on the remainder of the site. (Generally the infill is allowed on the lane, although in this case it’s the end lot so it will be addressed as 1071 Cardero Street).
Designed by Ankenman Marchand it’s one of three projects now working their way through the permitting system. (These are not rezonings, so shouldn’t take as long). The four storey infill proposed has 11 units, with 5 2-bed family units, including those on the main floor, and the other six 1-bed. They can only be rental units, and the architects describe the project as “architecturally designed in a contemporary style”.

…read more

Source:: Changing City Updates

August 25, 2014by david.taylor@colliers.com
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