983 replies to this topic

[Mixed365]

Yes of course, but we're talking apples and oranges in that example. Woodframe is much cheaper than concrete, therefore you won't see concrete lowrises unless the target demographic is higher income earners and more expensive units. 200 Douglas is an example of a high-end concrete lowrise. The example we should be looking at is all things being equal, units in a 25-storey tower will be, as a whole, more affordable than units in a 10-storey lowrise. At 25 floors the developer will have the means to offer multople <$200,000 units whereas $220-$240k is the starting point for short concrete towers.

 

Going back to this property, the developer, CGS Property Group (same developer as 1075 Pandora) will be hosting a public information session soon. The plan is for condos and the property allows for two towers. We'll see what the developer's vision is soon.

Any idea of the date Mike?

[Mike K.]

Tentatively early January, I believe.

[jonny]

Going back to this property, the developer, CGS Property Group (same developer as 1075 Pandora) will be hosting a public information session soon. The plan is for condos and the property allows for two towers. We'll see what the developer's vision is soon.

 

Awesome! Looking forward to seeing the plans!

 

Edit: I hope the plan for Johnson St. is significantly better than what CGS is planning for 1075 Pandora...

Edited by jonny, 03 December 2014 - 01:11 PM.

[Mr Cook Street]

Can't wait to see these plans. So much potential here.

[Mixed365]

Tentatively early January, I believe.

Will you be able to inform this forum when the date and time are set Mike K?

[Mike K.]

The discussion on downtown zoning and urban planning has been moved here. Please continue that discussion in the linked thread. Thank you

 

Will you be able to inform this forum when the date and time are set Mike K?

 

Yes absolutely.

[Mixed365]

Any action on this at all?

[Rob Randall]

I love DiCastri but that building I've never been inside of. I'm dying to get inside. Vertically only, that is.

[Mike K.]

A public meeting for this project will be held on March 18th at 6PM at Shatterbox Coffee on Yates Street.

[Mike K.]

We can expect two towers up to 17 floors in height with approximately 200 units between them.

 

With the Alpha tower on the other side of the block proposing 88 units over 17 floors, are we seeing a quick shift in demand for larger, more spacious units in downtown towers? It's no secret that the decline in oil prices and potential for riskier investment in Alberta has spurred some individuals to retire early or fast-track their plans to move to the coast, so is this what we're seeing, the Alberta push coming faster than anticipated?

[aastra]

If that were the case wouldn't we be seeing action at the Crystal Court, the Roundhouse, and Dockside Green? If I'm looking to retire in a new condo tower I'd much prefer those areas over Harris Green.

[Mike K.]

We are. Crystal Court was just purchased by Concert, tower three at Bayview is on the horizon and Dockside will be getting back into the swing of things with a rental project.

Actually I'm flabbergasted by the number of older tenants/retirees living in my girlfriend's downtown condo. Give retirees the right product and they'll buy in Harris Green and downtown (Sovereign, Falls, Aria, Belvedere -- all geared at buyers with money, many/most of whom are older).

[aastra]

I give your optimistic appraisal a score of 1.5 out of 3. You went a bit too far with the effusive hyperbole re: Dockside Green, so I had to ding you for that.

[Mike K.]

How much was the ding for DG?

[aastra]

1 full point. Here's the breakdown:

 

Promontory Jr. = 1.5 point

Crystal Court = 1 point

Dockside Green = -1 point*

 

*negative score for effusive hyperbole

[Mike K.]

For real? That's a lot. I was trying to be poetic.

[2F2R]

>>>Crystal Court was just purchased by Concert, tower three at Bayview is on the horizon and Dockside will be getting back into the swing of things with a rental project<<<

Now there is a positive post ...

[Mike K.]

205 units between two towers of 17-storeys and 15-storeys sharing a podium up to the 6th floor. Ground floor commercial along the span of the building.

 

Approximately 195 underground parking stalls. These photos were taken with a cellphone so the quality isn't the best.

 

 

 

 

 

[Mike K.]

CGS plans to maintain the McCall's building mostly as-is, although they are planning to raise the roof above a portion of the building. The intended use is commercial.

[Baro]

Took me a few moments to figure out where this was because they added the proposed building where Shatterbox coffee is now.  What's the story on that one BTW?  Maybe the angles aren't the best but the two projects almost seem too close. Is the bulk of the yates tower bordering on the space between these two towers?