667 replies to this topic

[Nparker]

At this point I think the idea is to delay the start of this project long enough that the existing buildings on the site crumble to the ground, at which point a new, cheaper proposal will be made.

[IPH]

Hold on. Condominium project? I recall this being approved as a rental.

Originally yes.  But Reliance said financing as a rental was not tenable a few months after approval so council agreed to change it to strata.  

 

https://www.google.c...LZ&opi=89978449

[max.bravo]

Is there a word for when something has been so hotly debated for so long that you couldn’t care less about it anymore?

10 (15?) years ago this was the most important development to ‘get right’ - as it was the architectural crown jewel entrance to downtown, and all that debate about public space sold to a greedy developer - it all seems so myopic now.

I’d be happy with a Tim’s drive thru on that lot now.

[Mike K.]

Thanks IPH.

And yes, this has dragged on for so long now.

Big question is, how will a condo that is likely to need somewhat big dollars to make sense, going to fare without parking? This is going to be a great study case for downtown.

[IPH]

Great point Mike.  We are seeing a lot less parking with new buildings downtown and while there is a market for this not everyone is car-less.  Starlight pushed back on reducing the parking at Harris Green which I have to think was because they believe they would have difficulty renting 2/3 of the units with no parking.  I would also expect a higher % of strata owners to have cars than renters. 

 

So on the one hand No parking in a strata building may be a hard sell.  But its a boutique building in a prime location with float planes practically at your door step so may be great for the right demographic.  Will definitely be interesting to see how presales go when they start.  

Edited by IPH, 27 July 2024 - 08:29 AM.

[m3m]

Honestly I’m not worried about parking. For me, this could be a good opportunity to get a waterfront condo for which there’s less demand and a lower price.

[Victoria Watcher]

[aastra]

The trees didn't get the memo re: blocking the view is bad.