Got a notice in the mail today re a development proposal for 1075 Pandora - where Coast Capital is now.....
Looks like they are holding a community meeting on September 13 regarding
- removal of existing buildings
- Blasting
- Number of buildings
- Height
- Number of Stories
- Floor Area
- Site coverage
- Number of Rental Units
- LEED
- New Zone
- Views from existing buildings (my favourite)
I had heard through the grapevine from a realtor at the Mondrian that this lot was up for redev, it will be great for the area depending on what is being proposed. But given that I am loosing half my view to the Mondrian, not entirely sure about loosing the other half to the North East - but all new development in this area is good as long as there is services and resources to support the people...
Has anyone heard anything on this?
The applicant name is JCP Properties Ltd - Dan Cox
BUILT V1488 Uses: rental, commercial Address: 1488 Cook Street Municipality: Victoria Region: Downtown Victoria Storeys: 13 |
Learn more about V1488 on Citified.ca
[Downtown Victoria] "V1488" | 1075 Pandora/1488 Cook Street | Built - completed in 2018
#1
Posted 04 September 2012 - 04:39 PM
#2
Posted 04 September 2012 - 07:18 PM
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#3
Posted 04 September 2012 - 07:59 PM
-City of Victoria website, 2009
#4
Posted 04 September 2012 - 08:20 PM
#5
Posted 05 September 2012 - 12:24 AM
#6
Posted 05 September 2012 - 02:07 AM
CGS Property Group:
#7
Posted 05 September 2012 - 03:54 AM
#8
Posted 05 September 2012 - 06:03 AM
#9
Posted 05 September 2012 - 06:21 AM
Anyhow, unless the development team has past experience with projects of this magnitude (and by all indications their existing properties aren't anywhere near the scale of what we see here) we could be looking at yet another overly ambition proposal by a developer that doesn't have the wherewithal to complete the project. Either that or they'll want to flip as soon as zoning is secured.
Know it all.
Citified.ca is Victoria's most comprehensive research resource for new-build homes and commercial spaces.
#10
Posted 05 September 2012 - 06:27 AM
#11
Posted 05 September 2012 - 06:40 AM
At this point I'm wondering just how harmful a few slim and nicely separated towers would really be in Victoria. If that image doesn't make people pause for reflection, nothing will.
But with Harris Green, you've got a height restriction but no density restriction. As long as you follow the separation guidelines, which is looks like they have (It doesn't look like living room windows are facing other living room windows, for example).
Anyhow, unless the development team has past experience with projects of this magnitude (and by all indications their existing properties aren't anywhere near the scale of what we see here) we could be looking at yet another overly ambition proposal by a developer that doesn't have the wherewithal to complete the project. Either that or they'll want to flip as soon as zoning is secured.
I agree, this is the big boy playground. I don't care how many cabins you've built on Salt Spring, this proposal is a whole different animal.
-City of Victoria website, 2009
#12
Posted 05 September 2012 - 06:49 AM
What type of full disclosure is required from the sales people at Mondrian, with this proposal on paper....
#13
Posted 05 September 2012 - 07:02 AM
-City of Victoria website, 2009
#14
Posted 05 September 2012 - 07:11 AM
I'm certain a Realtor must disclose his knowledge if asked. Do you scare away potential investors because of a mere speculative possible proposal? Or do you volunteer any possible future development, even if it's a rumour, in order to build long term trust. If it was already approved by City Hall it would be different, this is just a very early idea.
I mean what has to be disclosed, whether asked or not. There are things that MUST be disclosed, asked or not.
#15
Posted 05 September 2012 - 07:46 AM
This is exactly what was envisioned for Harris Green back in the late 1990s with the design charette that was done. That said if I were putting forward the proposal I would drop the 10 storey section to 4 storeys and increase the corner lot to 16. Of course that would be well outside the height allowance for the area.
Still if you look at benefit to the city I would be inclined to support this in its current form. No one said we were trying to create Vancouver point and podium towers. The idea was to create a low dense city ala Washington and Paris. Unless that idea changes and we increase height allowances or the city changes its population increase estimates for the downtown core we are going to continue to see proposals like this.
Developers are putting forward what they think the city wants and as people in business with the intent to make money they are going to do that to the best of their ability.
#16
Posted 05 September 2012 - 07:49 AM
Question for Marko.
What type of full disclosure is required from the sales people at Mondrian, with this proposal on paper....
Good question, a bit of an interesting situation as the sales people (also licensed realtors) are related (wifes) of the developers. I am assuming the Mondrian developers have received this notice?
To be honest, I don't know what is exactly legally required in terms of disclosure given it is only a proposal, but I would hope ethical realtors/sales people working for developers would disclose that a proposal has been made especially to those buying on the two potentially most affected flanks.
Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty
www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!
#17
Posted 05 September 2012 - 08:11 AM
The more I think about it I would do the lot between the older rentals and the Mondrian as townhouses. At the very least townhouses facing Johnson but something like the ones on Quadra by North Park Cycle would also be a good fit (though with a more pleasant backside)
Option one
or these ones
Option two
#18
Posted 05 September 2012 - 08:14 AM
#19
Posted 05 September 2012 - 08:17 AM
Four storys max there I say or yeah, townhouses.
#20
Posted 05 September 2012 - 08:28 AM
The more I think about it I would do the lot between the older rentals [/URL]
Those are both condos. Yes, there are lots of rentals in there, but they are individually owned. I had a suite in the west building, my first-ever apartment after moving out of the parent's home, circa 1987. Nothing like the 120v 18"w dryers to take 5 hours to dry a pair of white jeans.
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