745 Thurlow St | 91m | 23fl | Completed - Page 5

LeftCoaster · #81 Posted **May 6, 2010, 3:56 AM**

Hmm that does seem strange, there is no shortage of capital right now, nor are rates prohibitive to say the least.

Maybe they were talking about cheap construction costs, and Gateway filling in the gap in many tradesworkers schedules? Seems somewhat dubious to bet they will drop post gateway though.

SpikePhanta · #82 Posted **May 7, 2010, 2:42 AM**

Ok they better have retail at the bottom, because the area should be retail down there. Open a new Mcdonalds since now for breakfast i'll have to go to the Burrard Royal location which has a lot of bums.

Yume-sama · #83 Posted **May 7, 2010, 2:50 AM**

I have heard the plans call for a "luxury" shopping centre. Maybe that has something to do with it

? No major luxury retailer is willing to commit right now...

What does Shangri-la have to do with this, if anything? Because some people seem to think they are involved.

phesto · #84 Posted **May 7, 2010, 5:40 AM**

It's pretty simple and Leftcoaster touched on it - there are no large tenants right now willing to pay the rental rates required to get this project going. Both bcIMC and Bentall are pretty conservative with their development program; even phase 2 of Bentall 5 (though not bcIMC) wasn't really on spec...Bentall had tenants lined up. I don't think financing is an issue, nor are construction costs really...it's really just a matter of demand. If they could get a tenant to take even just 1/3 of the building, they'd probably build it.

Plus the current building has decent holding income, so it's not like they're sitting on a vacant site...

I would be shocked if they were structuring new leases without demo clauses. They probably still have some flexibility to get the project going on short notice...and I would still give this one the best chance to be first in the ground...Amacon's is dead, and GM Place, while it could be resurrected anytime, I don't think we'll see it soon...

flight_from_kamakura · #85 Posted **May 7, 2010, 4:01 PM**

thanks phesto.

squeezied · #86 Posted **May 7, 2010, 6:11 PM**

I thought demand on office lease was pretty tight in downtown. Has it subsided somewhat now?

officedweller · #87 Posted **Sep 17, 2010, 6:03 PM**

Application to add one floor of office space to the tower - BUT no change in height - additional space is achieved by lowering ceiling heights of floors to keep everything within the same massing envelope:

http://vancouver.ca/ctyclerk/cclerk/...cuments/p1.pdf

Mininari · #88 Posted **Sep 17, 2010, 6:46 PM**

Hmm, this one still has a pulse!

Of course, we'd all rather see the following:

"Applicant has filed for an increase to building height from a stubby 300', to an impressive 700' landmark office tower. Developer has secured a major multinational corporation as an anchor tenant, who is willing to provide countless community benefits to offset ruining the view."

Still looks like a popcorn box too! Yay!

wrenegade · #89 Posted **Sep 17, 2010, 6:55 PM**

Maybe we can get Orville Redenbacher (ConAgra) to move their Canadian HQ here?

PROSTSHOCKER · #90 Posted **Sep 18, 2010, 5:14 AM**

oh my god it looks worse than the popcorn box i thought itd be. I officially hate this project

Hed Kandi · #91 Posted **Sep 18, 2010, 1:57 PM**

..

ozonemania · #92 Posted **Sep 18, 2010, 4:48 PM**

Quote:

Originally Posted by Hed Kandi

The design is somewhat weak, but it is still an enormous improvement over what is currently standing at that site.

True but anything basically is an enormous improvement over what's there now. What's there now looks like a converted bomb shelter.

I'm really, really disappointed with what I see there. There are some good functional features being put into the design, but that's about it.

It looks like a suburban office park building. On prime commercial property? C'mon!

SpikePhanta · #93 Posted **Sep 18, 2010, 6:59 PM**

And its a very popular area, lots of foot traffic, any ideas on retail for the site?

I won't miss the Mcdonalds that much because the past 3 years the service at the place is horrible, so I guess Wendys and A&W will claim the former Mcd's customers

navazan · #94 Posted **Oct 2, 2010, 6:01 AM**

kinda looks like a giant foot decended from the heavens and squashed the trans canada tower in calgary to half its size...

Mininari · #95 Posted **Dec 6, 2010, 4:50 PM**

Did this slip by us or what?
http://vancouver.ca/commsvcs/plannin...ndas/Nov1.html

Looks like they applied for their development permit. Nothing is posted on the outcome of that, but could this project actually be moving forward?

phesto · #96 Posted **Dec 6, 2010, 5:18 PM**

Quote:

Originally Posted by Mininari

Did this slip by us or what?
http://vancouver.ca/commsvcs/plannin...ndas/Nov1.html

Looks like they applied for their development permit. Nothing is posted on the outcome of that, but could this project actually be moving forward?

They haven't decided to go ahead with the project yet. They're just getting the development permit in place so that if they decide to build it, they can just apply for a building permit right away.

All these proposed projects are competing for the same tenants, so being first in the ground is a huge advantage.

I forget what the time limitation is on a development permit. I think five years?

jlousa · #97 Posted **Dec 7, 2010, 3:29 AM**

Actually only a single year, but you can keep renewing it quite easily.

SFUVancouver · #98 Posted **Dec 7, 2010, 5:37 AM**

745 Thurlow passed the DPB a few weeks ago.

hazel · #99 Posted **Dec 11, 2010, 6:52 PM**

They can start kicking out tenants Fall 2011.

mezzanine · #**100** Posted **Dec 11, 2010, 9:51 PM**

I strongly recommend trying Aki Restaurant before they demo the parking garage. a surprising basment resto filled with japnese nationals eating there - theri specialty is the grill. The mackerel lunch special is a good deal.

I hope they come back. to me getting to this place hidden away gave it cache...