Developed by Westbank and designed by prominent Japanese architect Kengo Kuma, the 43-storey condo building will replace an office building at Alberni and Cardero streets. This will be Kuma’s first major project in North America. He is well known for the use of wood in his designs, and this building is no exception.
The Telus Garden office building has been complete and open since September, but the condo tower is still under construction. But it’s edging ever closer to completion, with some of the finishing touches now being applied to the exterior.
When complete, the building will have 53 storeys and 428 units. The developer is Westbank and the architect is Henriquez Partners, who recently moved their office into the office building of Telus Garden.
The controversial condo tower at 508 Helmcken St. (now 1111 Richards St.) next to Emery Barnes Park in downtown Vancouver is moving forward. It’s now called 8x on the Park and presales begin May 2016.
Coming to the site, currently home to the Jubilee House social housing building, will be a 36-storey mixed use tower with 448 residential units, 110 of which will be market rental and 338 market condos. There will also be a private Montessori pre-school and kindergarten in the building on the first two floors. The building was designed by GBL Architects.
Housing prices in Vancouver continue to be the topic du jour, with debate playing out in the media and among locals daily.
With prices in the city continuing to rise at unprecedented levels, let’s examine some of the most popular theories.
A new art installation dubbed the “Milky Way” of lights will soon brighten up the 135 metre-tall blank wall of an upcoming Yaletown development. DIALOG Architects has applied to the City of Vancouver on behalf of their client Wall Financial Group for permission to install the public art project. Wall is currently building a 43 storey tall rental tower at 1310 Richards Street called Wall Centre Yaletown.
Some interesting renderings have surfaced for an extremely valuable redevelopment site in Coal Harbour that has been in the news lately.
1444 Alberni Street, currently home to a 1970s-era rental apartment tower, along with an office building at 740 Nicola St., were first acquired by Wall Financial for $83.5 million in 2014.
Aurmon Developments (developers of Raffles on Robson, R&R) are proposing a new 12 storey condo building at West 2nd Ave. and Wylie St. in the Olympic Village/South East False Creek neighbourhood.
The lot at 371 West 2nd Ave., across from the Maynards development & Petsmart, is one of last remaining vacant lots on the north side of the street and is currently home to a community garden.
Ellsworth and developer, Chard Development, is accepting registrations for the 89 unit, 10 storey building. Ellsworth will feature a mix of studio, one, two and three bedroom homes. The building will feature a large rooftop deck and amenity space, plus commercial space on the ground floor.
The Arc Vancouver is the latest project by Concord Pacific in Yaletown. Situated next to the Cambie Bridge, presales for this upcoming 29 storey tower start this month. Amenities promised by the developer include a grand lounge with catering kitchen, outdoor patio deck with beautiful views of False Creek, state-of-the-art gym, cappuccino lounge and garden and something the developer calls a “tepidarium” — which is essentially a lounge with heated chairs.
Global News reports that condo prices continue to rise in Metro Vancouver, with demand spiking from families now priced out of the single family home market. Real estate experts say condo prices in Vancouver are up an average of 10 per cent and supply is limited.