Park (1698 W Georgia) | 99.25m | 33 Fl | Proposed - Page 2

jollyburger · #21 Posted **Oct 12, 2023, 10:08 PM**

Quote:

Originally Posted by FarmerHaight

Any idea how many below-grade levels need to be excavated? 213 parking stalls will be included per the rezoning application, but I couldn't find how many levels of parking that translates to.

Which is the most current number?

This one from March 7, 2022 for the Development Permit Board only had 186 spaces over 7 levels.

https://vancouver.ca/files/cov/1616-...port-final.pdf

officedweller · #22 Posted **Oct 18, 2023, 10:58 PM**

From Lawrence Black twitter Oct 18th:

https://twitter.com/LawrenceBlackTV

officedweller · #23 Posted **Nov 17, 2023, 2:59 AM**

From Lawrence Black twitter Nov 14th:

https://twitter.com/LawrenceBlackTV

connect2source · #24 Posted **Nov 17, 2023, 12:01 PM**

Looks like they've removed "Desired by Many, Destined for Few" from the hoarding after same opposition.

whatnext · #25 Posted **Nov 17, 2023, 5:15 PM**

Quote:

Originally Posted by connect2source

Looks like they've removed "Desired by Many, Destined for Few" from the hoarding after same opposition.

Good, it was tone deaf slogan. I really question whether the market they're building it for is still around.

VancouverOfTheFuture · #26 Posted **Nov 17, 2023, 7:52 PM**

Quote:

Originally Posted by whatnext

Good, it was tone deaf slogan. I really question whether the market they're building it for is still around.

maybe they think it'll improve by the time the building is done?

it'll be quite a few years. who knows what'll happen in that time.

Zepfancouver · #27 Posted **Nov 30, 2023, 3:39 AM**

This morning

officedweller · #28 Posted **Dec 21, 2023, 9:16 PM**

From Lawrence Black twitter Dec 19th:

https://twitter.com/LawrenceBlackTV

Zepfancouver · #29 Posted **Dec 31, 2023, 5:37 AM**

This morning Dec 30, 2023

• Video Link

officedweller · #30 Posted **Jan 30, 2024, 9:05 AM**

From Lawrence Black twitter posted today:

https://twitter.com/LawrenceBlackTV

Zepfancouver · #31 Posted **Feb 23, 2024, 5:33 AM**

This afternoon

whatnext · #32 Posted **Feb 25, 2024, 7:28 PM**

Quote:

Originally Posted by Changing City

Probably needs a mod to change the thread title, but 1616 West Georgia is the adjacent site for two towers, not yet in development. This is Park, 1698 West Georgia, by Anthem.

Anthem looking to defer their payment of CACs to the city on this, yet again:

....Is Anthem, the privately held company behind this deferral request, a fragile company deserving of public largesse? Founded in 1991, the Anthem Property Group (CEO Eric Carlson, https://anthemproperties.com/company/about-us/) reportedly had an aggregate value of over $6 billion across western North America as of 2019. It currently has a residential portfolio of over 20,500 homes complete, in design or currently under construction.

After negotiating with the City, developers usually make the CAC cash payment in full, prior to the CD-1 enactment for a specific development, which happens before construction can commence. In this case, the CACs were only partly paid prior to enactment ($15,660,000 paid of $26,100,000 total due, leaving the current $10,440,000 outstanding). Council previously modified the CAC schedule for this property on June 13, 2023 on the request of the developer. That time it was done without any discussion by Council. It was buried in the consent agenda. (Blink and you would miss it. The mayor and entire council must have blinked.) This new request going to Council on Feb 27 is for the deferral of CAC payment until the end of 2024 or until the construction is above grade. Interest is charged at prime plus 2%. Anthem’s reasons for the request include “market uncertainty” from interest rate increases, slow condo market sales/conditions, and increases in hard costs....

https://cityhallwatch.wordpress.com/...no-trip-feb27/

WarrenC12 · #33 Posted **Feb 26, 2024, 3:58 PM**

So a $10M loan at prime +2 for Anthem? Not the end of the world IMO.

whatnext · #34 Posted **Feb 26, 2024, 5:24 PM**

Quote:

Originally Posted by WarrenC12

So a $10M loan at prime +2 for Anthem? Not the end of the world IMO.

Remind me again why we should give multi-billion dollar companies loans at the taxpayers' expense for luxury condos?

If I was a developer I'd be wondering why I can't ask for the same treatment.

WarrenC12 · #35 Posted **Feb 26, 2024, 5:58 PM**

Quote:

Originally Posted by whatnext

Remind me again why we should give multi-billion dollar companies loans at the taxpayers' expense for luxury condos?

If I was a developer I'd be wondering why I can't ask for the same treatment.

It's not "a loan at taxpayer expense". It's extending credit terms on money they owe.

Can CAC dollars for this project even be spent now anyway?

GenWhy? · #36 Posted **Feb 26, 2024, 6:32 PM**

Our Clients are obviously not as big as Anthem or risky, but proceeding with Excavation ahead of the Rezoning being enacted and owing the City $10m still in CACs is wild.

I still can't believe the City expects CACs paid out of pocket before anything is even built / sales completed.

From City Hall Watch: "If the $10,440,000 ever does get paid", like give it a rest bucko. It legally has to be paid.

officedweller · #37 Posted **Mar 20, 2024, 9:18 AM**

From Lawrence Black twitter posted March 18th:

https://twitter.com/LawrenceBlackTV/...227847/photo/2

Zepfancouver · #38 Posted **Mar 29, 2024, 6:44 PM**

I have the parkade info at 7 levels, the permit https://vancouver.ca/files/cov/1616-...port-final.pdf page 1 and 6 has it at 7 levels.

Yesterday

https://makeagif.com/i/68nOWs

• Video Link

jollyburger · #39 Posted **Mar 29, 2024, 10:35 PM**

Won't the pit be similar in depth to Fifteen Fifteen which is also 7 levels of parking?