Jump to content

      



























BUILT
RidgeView Place
Uses: rental, commercial
Address: 2770 Claude Road
Municipality: Langford
Region: West Shore
Storeys: 11
RidgeView Place is an 11-storey, 90-unit residential complex with ground floor commercial space in the 2700-bl... (view full profile)
Learn more about RidgeView Place on Citified.ca
Photo

[Langford] Danbrook One / RidgeView Place | 11-storeys | Rentals, commercial | Built - completed in 2019


  • Please log in to reply
538 replies to this topic

#521 Mike K.

Mike K.
  • Administrator
  • 83,155 posts

Posted 27 December 2023 - 10:25 AM

$35-$40 million?

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#522 Ismo07

Ismo07
  • Member
  • 5,224 posts

Posted 27 December 2023 - 10:29 AM

^ They have the money but nobody wants to see $35M-$40M tied up with no return.

 

How much was the building built for?  Seems like there is no return already.  I thought these rentals work on the slimmest of margins in an effort to keep rents down...   :P

 

They know what the repair bill is but will not tell people the issue?


Edited by Ismo07, 27 December 2023 - 10:30 AM.


#523 spanky123

spanky123
  • Member
  • 20,971 posts

Posted 27 December 2023 - 10:32 AM

$35-$40 million?

 

 

IIRC they paid $32M for the building and have at least a few million more invested in it by now.



#524 spanky123

spanky123
  • Member
  • 20,971 posts

Posted 27 December 2023 - 10:33 AM

How much was the building built for?  Seems like there is no return already.  I thought these rentals work on the slimmest of margins in an effort to keep rents down...   :P

 

They know what the repair bill is but will not tell people the issue?

 

Assuming it can be repaired.



#525 aastra

aastra
  • Member
  • 20,649 posts

Posted 27 December 2023 - 01:27 PM

 

Given the amounts of money at stake you would think that if the building could be repaired it would have been by now.

 

Given every narrative in play you would think something -- anything -- would have been done by now. Not just with this building but with the equivalent "too dangerous to occupy" new building in every other city, too. There's always one or two of them, but never more than that.



#526 Mike K.

Mike K.
  • Administrator
  • 83,155 posts

Posted 27 December 2023 - 01:34 PM

Wasn’t the work already done?

They received occupancy. We don’t know why the building was evacuated a second time, however.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#527 Victoria Watcher

Victoria Watcher

    Old White Man On A Canadian Island

  • Member
  • 52,280 posts

Posted 04 January 2024 - 05:52 AM

The property assessment for the ­RidgeView Place apartment building in Langford is being appealed, after the value of the 11-storey building increased despite the fact that it has been vacant since April because of safety issues.

 

The identity of the person or organization appealing the assessment is confidential, as is the substance of the appeal, ­Matthew Butterfield, B.C. Assessment’s deputy ­assessor for Vancouver Island, said Wednesday.

 

B.C. Assessment does not comment on properties under appeal, he said.

 

The overall value of the land and buildings at 2770 Claude Rd. slid by 2.6 per cent, to $35.5 million from $36.4 million the previous year.

 

The land value for the ­0.4-hectare site dropped to $2.9 million this year from $4.6 million previously.

 

But the assessed value of the structure itself climbed to $32.6 million from $31.7 million a year ago, an increase of 2.6 per cent.

 

 

 

https://www.timescol...google_vignette



#528 spanky123

spanky123
  • Member
  • 20,971 posts

Posted 04 January 2024 - 11:59 AM

Wasn’t the work already done?

They received occupancy. We don’t know why the building was evacuated a second time, however.

 

We know that it was determined that the underlying structural issues were not resolved with the repairs. 



#529 Mike K.

Mike K.
  • Administrator
  • 83,155 posts

Posted 04 January 2024 - 01:21 PM

Isn't the current scenario that there was no corroborating sign off on the work, not that the work wasn’t done in accordance with code?

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#530 spanky123

spanky123
  • Member
  • 20,971 posts

Posted 04 January 2024 - 03:43 PM

Isn't the current scenario that there was no corroborating sign off on the work, not that the work wasn’t done in accordance with code?

 

I forget the details but I heard something along those lines. If the work had been done satisfactorily though they would have found someone to sign off on it by now.



#531 Mike K.

Mike K.
  • Administrator
  • 83,155 posts

Posted 04 January 2024 - 03:45 PM

The tricky thing is, once the materials are in place, it can be impossible to sign off without taking the work apart.

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#532 Sparky

Sparky

    GET OFF MY LAWN

  • Moderator
  • 13,113 posts

Posted 03 February 2024 - 06:27 AM

Walked by here yesterday...it's starting to get that Jack Nicholson feel about it.

 

Mrs. Sparky said she saw a lady inside a ground floor window....by the time I turned and looked...the blind was drawn.

 

Ridge View Place.jpg



#533 Mike K.

Mike K.
  • Administrator
  • 83,155 posts

Posted 03 February 2024 - 08:11 AM

Could it have been a building manager or a maintenance person, Sparky?

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#534 Sparky

Sparky

    GET OFF MY LAWN

  • Moderator
  • 13,113 posts

Posted 03 February 2024 - 08:46 AM

^ Didn’t appear so. Young woman with glasses sitting and reading…. closed the blind when we were spotted looking in.

#535 Victoria Watcher

Victoria Watcher

    Old White Man On A Canadian Island

  • Member
  • 52,280 posts

Posted 03 February 2024 - 09:02 AM

Security?

#536 Sparky

Sparky

    GET OFF MY LAWN

  • Moderator
  • 13,113 posts

Posted 03 February 2024 - 09:12 AM

Hiding from an onlooker?

#537 Mike K.

Mike K.
  • Administrator
  • 83,155 posts

Posted 03 February 2024 - 07:12 PM

Hmmm… isn’t the building supposed to be unsafe for entry?

Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.


#538 Sparky

Sparky

    GET OFF MY LAWN

  • Moderator
  • 13,113 posts

Posted 04 February 2024 - 08:17 AM

Ha!
It doesn’t look like it’s about to fall over.
  • Nparker likes this

#539 Ismo07

Ismo07
  • Member
  • 5,224 posts

Posted 05 February 2024 - 09:17 AM

Weird situation....



 



0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users