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BUILT
V1488
Uses: rental, commercial
Address: 1488 Cook Street
Municipality: Victoria
Region: Downtown Victoria
Storeys: 13
V1488 is a 13-storey purpose-built rental tower with ground floor commercial space in downtown Victoria's Harr... (view full profile)
Learn more about V1488 on Citified.ca
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[Downtown Victoria] "V1488" | 1075 Pandora/1488 Cook Street | Built - completed in 2018

Rental Commercial

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670 replies to this topic

#661 Jackerbie

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Posted 20 March 2020 - 11:52 AM

Any updates on the "1088 Johnson" portion of this project?

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:whyme:


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#662 Nparker

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Posted 20 March 2020 - 11:55 AM

Thank you for the info Jackerbie.



#663 Jackerbie

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Posted 15 May 2020 - 10:11 AM

Any updates on the "1088 Johnson" portion of this project?

 

Aaaaand we're back to "In Progress" on VicMap! Hopefully a sign of things to come soon


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#664 Casual Kev

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Posted 19 May 2020 - 11:20 AM

Was randomly checking out rentals today, noticed this building has accrued some pretty gnarly reviews from tenants. Predictable that the building has issues with parking lot break-ins given the location, but the main uproar seems to stem from issues with the building's design - sky-high hydro bills, lack of soundproofing, exposure to elements in the winter. With the pandemic-induced economic crisis just starting, I wonder if this building will manage to keep renting at capacity.



#665 Mike K.

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Posted 19 May 2020 - 11:35 AM

I would imagine the hydro bills stem from in-suite hot water tanks. They’re expensive, but it’s either that, or a higher monthly rent for “free” hot water.

The outdoor walkways are intended to keep rental rates lower by not having to be heated as they would be in any other design, thereby making maintenance costs lower, and that would trickle down to rental rate competitiveness.

There’s always two sides to every coin, for sure.

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#666 E2V

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Posted 19 May 2020 - 02:36 PM

I have an in-suite hot water tank plus electric in-floor heating. I find my hydro bills quite reasonable. What amount for electricity would people consider sky high?



#667 Mike K.

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Posted 19 May 2020 - 02:37 PM

Anything over $25/month in warmer months is my guess.

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#668 Victoria Watcher

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Posted 19 May 2020 - 03:31 PM

some people might have indeed moved from free heat and free hot water places and be surprised. who knows.

Edited by Victoria Watcher, 19 May 2020 - 03:32 PM.


#669 scotto203

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Posted 19 May 2020 - 04:28 PM

We looked at a couple of units in V1488 last summer and asked about the hydro prices as we had read about them in some of those reviews. Supposedly they were working on a few things like reducing the airflow coming in from the doors, but I don't know how effective it ended up being as we ended up renting elsewhere. Having lived in condos/apartments with and without an in-suite hot water tank, it definitely does make a difference, so I imagine that in combination with the outdoor walkways are at least part of the higher costs. The exposed concrete and large balconies might not help either.



#670 sebberry

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Posted 19 May 2020 - 05:17 PM

Was randomly checking out rentals today, noticed this building has accrued some pretty gnarly reviews from tenants. Predictable that the building has issues with parking lot break-ins given the location, but the main uproar seems to stem from issues with the building's design - sky-high hydro bills, lack of soundproofing, exposure to elements in the winter. With the pandemic-induced economic crisis just starting, I wonder if this building will manage to keep renting at capacity.

 

Ah yes  I have a coworker who was quite eager to get out of that building.  You can add interior moisture problems thanks to the exposed concrete walls to that list as well.


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#671 Casual Kev

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Posted 19 May 2020 - 06:41 PM

I would imagine the hydro bills stem from in-suite hot water tanks. They’re expensive, but it’s either that, or a higher monthly rent for “free” hot water.

The outdoor walkways are intended to keep rental rates lower by not having to be heated as they would be in any other design, thereby making maintenance costs lower, and that would trickle down to rental rate competitiveness.

There’s always two sides to every coin, for sure.

 

I recall checking out this building when I moved to town two years ago, and their pricing was definitively on the high end before accounting for all other bills. So if the building's design and the lack of hot water tanks were meant to make rents more competitive, I don't think that was quite reflected on the ask. They are very permissive on pets though, so maybe that's their calling card.


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