BUILT RidgeView Place Uses: rental, commercial Address: 2770 Claude Road Municipality: Langford Region: West Shore Storeys: 11 |
Learn more about RidgeView Place on Citified.ca
[Langford] Danbrook One / RidgeView Place | 11-storeys | Rentals, commercial | Built - completed in 2019
#521
Posted 27 December 2023 - 10:25 AM
Know it all.
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#522
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...
They know what the repair bill is but will not tell people the issue?
Edited by Ismo07, 27 December 2023 - 10:30 AM.
#523
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
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...
They know what the repair bill is but will not tell people the issue?
Assuming it can be repaired.
#525
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
Posted 27 December 2023 - 01:34 PM
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
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
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
Posted 04 January 2024 - 01:21 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#530
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
Posted 04 January 2024 - 03:45 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#533
Posted 03 February 2024 - 08:11 AM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#534
Posted 03 February 2024 - 08:46 AM
#535
Posted 03 February 2024 - 09:02 AM
#536
Posted 03 February 2024 - 09:12 AM
#537
Posted 03 February 2024 - 07:12 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#538
Posted 04 February 2024 - 08:17 AM
It doesn’t look like it’s about to fall over.
- Nparker likes this
#539
Posted 05 February 2024 - 09:17 AM
Weird situation....
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