649 replies to this topic

[Mike K.]

Vivid at the Yates, not Vivid on Yates.

 

The garden is for visual effect. Nobody living on the level of the gardens in either tower would appreciate having people constantly hanging around just feet from their windows. Public-use or resident-use spaces are only appropriate if they do not negatively impact residents. Lots of buildings have landscaping or green spaces that are not places for people to hang out/loiter.

[Marilyn]

The City doesn't control the names of buildings, so no permission was required, but the name was never actually changed.

 

 

But the city does control addresses. What will be the address of the Vivid?

[Mike K.]

The address of the building will be 849 Johnson Street.

[Marilyn]

Vivid at the Yates, not Vivid on Yates.

 

The garden is for visual effect. Nobody living on the level of the gardens in either tower would appreciate having people constantly hanging around just feet from their windows. Public-use or resident-use spaces are only appropriate if they do not negatively impact residents. Lots of buildings have landscaping or green spaces that are not places for people to hang out/loiter.

Times have changed. Look at the condo complex at the corner of Vancouver and Yates. It has a walk through and a fountain with benches. Those were the days before 2005 after which street life in Quadra Village became more menacing. We are hoping with all the new residents there will be a renaissance of the neighbourhood. In fact it is already starting to happen.

[Mike K.]

Yeah, but that complex has ground level gardens. Yates' gardens are several floors above ground.

[shoeflack]

The park-like walk through at those two towers was also a City-required public amenity, was it not?

[Marilyn]

Yeah, but that complex has ground level gardens. Yates' gardens are several floors above ground.

Looks like only one floor above ground level according to the maquette that I saw at Fort St. info centre. There is more ground level gardening going in along the public walkway which will be closed from 10 pm to 7 am. The attendant said the city was adamant on that walkway feature.

[Jackerbie]

Looks like only one floor above ground level according to the maquette that I saw at Fort St. info centre. There is more ground level gardening going in along the public walkway which will be closed from 10 pm to 7 am. The attendant said the city was adamant on that walkway feature.

 

The podium is 2 storeys, with a "habitat garden" between the two towers. I believe the units facing this area will have private patios, but not necessarily access to the landscaped area. It is intended to be a bird and bee habitat.

[Nparker]

...It is intended to be a bird and bee habitat.

A space for the birds and the bees you say...that could be interpreted in a few ways. 

[VicHockeyFan]

The podium is 2 storeys, with a "habitat garden" between the two towers. I believe the units facing this area will have private patios, but not necessarily access to the landscaped area. It is intended to be a bird and bee habitat.

 

Oh, Lord.  

[aastra]

 

It is intended to be a bird and bee habitat.

 

As long as the birds and bees in question are not owned by residents of the building?

[Rob Randall]

An apiary?

 

Have we not learned our lesson? Oh, the humanity!

[Mike K.]

An apiary is also envisioned for the roof of the Wade.

[zoomer]

Is there anyone in the know who can provide some insight into the current drilling operations?

Just how much of the site are they drilling and filling, then what does the excavation process look like?

[Citified.ca]

Vivid condo dev's first-time buyer-focused suites gain traction from unexpected source

https://victoria.cit...xpected-source/

 

Downtown Victoria’s Vivid at the Yates condominium project is resonating with a segment of the market that arguably always knows best, according to developer Dave Chard.

 

The 20-storey tower’s 135 one and two-bedroom modern suites – priced significantly lower than comparable pre-sale and resale inventory thanks to a unique arrangement with BC Housing – are catered to savvy first-time homebuyers with an eye for downtown living.

 

But it’s their parents, Chard says, with whom Vivid’s below-market pricing and unique financing arrangement has resonated, turning them into unexpected advocates.

 

“It makes sense to reason that once you’ve bought and sold several homes throughout your life you develop an eye for real-estate opportunity,” Chard said, speaking to the indirect effect Vivid’s marketing campaign has had on purchasers. [Full article]

[tiger11]

Been pondering a suite in here for a while. Due to the pre-determined pricing I was hoping to wait until the end of the year to seriously consider it, once we have a better idea of how the market is shaping. What do all you guys think of buying in the Vivid? The lack of parking for 1 beds is a serious negative for me.... How do you think the resale value will look after the two year period?

[VicHockeyFan]

I have a friend that has bought here.  He and his family (he's in his very early 20's and received advice from his father in particular) had many questions at first, but felt they were all satisfied.

[Mike K.]

Been pondering a suite in here for a while. Due to the pre-determined pricing I was hoping to wait until the end of the year to seriously consider it, once we have a better idea of how the market is shaping. What do all you guys think of buying in the Vivid? The lack of parking for 1 beds is a serious negative for me.... How do you think the resale value will look after the two year period?

 
Has Chard Development confirmed to you that prices will not be adjusted between now and the end of the year?
 

I have a friend that has bought here.  He and his family (he's in his very early 20's and received advice from his father in particular) had many questions at first, but felt they were all satisfied.

 
Aha! As per the article above. Clearly moms and dads are taking note of this, and if their son or daughter has every intention of remaining in Victoria for several years this is an amazing opportunity for them to get into the market.

[Mike K.]

Oh, and you shouldn't get caught up in resale values with this project. You're signing on for a two year commitment post completion, so realistically it won't be until early 2023 that you are eligible to sell. That's a heck of a long time away to be worried about what the market will be doing or won't be doing.

 

As far as resale value is concerned, a downtown, all-concrete modern residence will outsell a worn 1980's-era condo all day every day. The only negative, as you say, is the lack of parking. But a lack of parking is becoming more and more common among all downtown developments so you certainly won't be an odd one out.

[tjv]

Aha! As per the article above. Clearly moms and dads are taking note of this, and if their son or daughter has every intention of remaining in Victoria for several years this is an amazing opportunity for them to get into the market.

I would agree that the Bank of Mommy and Daddy is writing a lot of downpayment cheques to allow sons and daughters to continue to live here.  I know that's that happened with my neighbors to the tune of several hundred thousand