Originally Posted by mosup
If I were an investor, I'd like to see the Flamingo demolished first and detailed plans of the community (ie: Bosa proposal for University Dr) prior to putting any money down on this property. The proposal just seems like a lot of smoke and mirrors, all talk and no action, which is common for 'developers' in the Whalley area. There are well over 40 proposed developments in the City Centre plan, about 50% of which are ON HOLD.
The bosa plans are already up on this site and in the city records. They've listed their phase 1 and on civicsurrey.com you can find the overall look of the plan for that. As for taking down the flamingo first, unfortunately this project is 2 phased. The second phase is the part with the flamingo. I would lean your direction that I'd like them to just take it down first and leave it empty when they start on phase 1 but I have my doubts.
Smoke and mirrors though, not sure I agree. You're looking at it a little off and I'll tell you why. Firstly that link you provided showing a lot of on hold projects, you can't just look at that. There is a large commercial office project that is on hold and makes sense given Metrotown's 3rd commercial tower was on hold for years before they continued construction on it. The other projects are all back from the day of the original gateway proposal for that area. I think they should just be put down as cancelled not on hold.
Finally, this is the developer of quatro. They're one of the only companies that has actually built there. They've already built a lot so to suddenly think they won't build something they propose is a stretch imo. I think it is a bit less than smoke and mirrors.
I'd have to agree, I am extremely skeptical of any project until it breaks ground, even then there are chances of it failing and being saved by a bigger company with more money, for example the Infinity project. A lot of ups and downs in the Whalley area, at this point in time its mostly downs. Things _may _ change when all government funded projects are completed (ie City Hall, Hospital, and RCMP building).
Not sure if it is as down as you think. There has been a huge amount of construction in the Whalley area. A lot more than many areas regionally. They haven't all been towers (only really City Pointe recently) but there's been 8+ 4-5 storey condo buildings constructed easy and there are more under construction. That's people, that's new developments, etc.
I think you're correct though on saying it is mostly downs from the perspective of high rise towers.