http://www.newswire.ca/en/story/1091...revitalization
Image sources from newswire.ca. The project for residences still doesn't add up with rendering. You'll note the "shadow" buildings in the back are Park Place and the phase after Park Avenue. Park Place being 35 storeys, the 3 towers in the background as part of this project still look quite a bit shorter or of the same size.
Also re-residences, if you look closely in the top render especially, you can now see 4 residential towers. Back one is 39 story, next is about 35 or so, next is about 30, and the other is about 24. So if you go 10 units per floor average, that would be around 1300 units give or take. So that leaves another 400 still which could be done through ground level 4 story or what not. Either way if this project and all phases does go through, King George is going to be quite bustling.
Imagine final projects complete around there being Infinity, 4 towers for Park Place (2 current, 2 future between current and Skytrain), 2 x Park Avenue, the 40+ story tower behind Park Avenue, you have the existing tower there, then 4 more residential towers and commercial space + (LOOK A THEATRE). You throw in the still on hold but possible Holland Pointe and you have a lot of people in a small area.
I think this project could be a catalyst and with such a visible committed anchor in Coast Capital, I would bet money this will see the light of day for sure.