Site 10A | Parq Vancouver | Complete

[WarrenC12]

Does anybody know the financial terms of the deal between Paragon and Pavco? There is some serious demo-work going on now for the edges of BC Place.

I hope next year's CFL/MLS season isn't a mess of construction.

[officedweller]

They're building the underground parkade in advance of getting approval for the superstructure so as to minimize disruption to BC Place events. Presumably, they'll get the site back up to grade quickly.

Community Updates
Thursday, September 18, 2014

To North East False Creek Joint Working Group:

We want to update you about progress on the proposed new urban resort on Site 10A, adjacent to BC Place.

The City of Vancouver has issued a permit to begin excavation of the site to start the construction of the parkade.

We have been working in close cooperation with the City of Vancouver and project teams from other nearby developments to plan a construction approach and schedule that will minimize traffic and other potential disruption to the NEFC neighbourhood, including local residents, guests visiting BC Place, Vancouver’s residents and others who visit Vancouver’s entertainment district.

Our contractor, Ellis Don/Tishman, will begin to place construction fencing around our site in the coming days in anticipation of the commencement of site excavation for the parkade. This parkade will ultimately provide parking for the new resort’s two hotels, a variety of restaurants and lounges, conference and banquet space, shopping, spa facilities, BC Place, and the relocated Edgewater Casino.

The construction schedule for the resort has been planned in collaboration with BC Place to minimize traffic impacts and inconveniences for guests accessing BC Place. Events will continue to be held during construction.
...

http://www.site10a.com/whats-new/201...-working-group

Presumably the name of the resort will be "Parq":

PARQ HOLDINGS LIMITED PARTNERSHIP COMPLETES PROJECT FINANCING FOR DEVELOPMENT OF VANCOUVER ­‐ BASED URBAN ENTERTAINMENT AND LEISURE RESORT
Wednesday, December 17, 2014

VANCOUVER, BRITISH COLUMBIA (Dec. 17, 2014) - Parq Holdings Limited Partnership, a joint venture between Dundee Corporation (TSX.DC.A), Paragon Development Ltd. and PBC VUR Limited Partnership, is pleased to announce that it has completed a USD$415 million project financing for the development of a world-class urban resort adjacent to the B.C. Place Stadium in Vancouver, British Columbia. Once completed, the resort will feature two luxury hotels, a 60,000 square foot conference centre, five exceptional restaurants, three lounges, retail space and a new home for the existing Edgewater Casino. Project financing was arranged by a syndicate of financial institutions led by Credit Suisse Securities (USA) LLC, with the participation of Dundee Securities Ltd. and Valtus Capital Group, LLC.

The project financing, comprised of a USD$265 million first lien term loan and a USD$150 million second lien term loan, will provide the required financial commitment to complete the development and construction of the project. Dundee Corporation and Paragon Development Ltd. each hold an approximate 37% interest in the project, with PBC VUR Limited Partnership, managed by PBC Real Estate Advisors Inc., holding the remaining 26% interest.

EllisDon Corporation and Tishman Construction Corporation are constructing the project pursuant to a guaranteed maximum price construction contract. Construction has commenced and is expected to be complete at the end of 2016. Dundee 360 Real Estate Corporation, a wholly owned subsidiary of Dundee Corporation, and Paragon Smithe Street Developer ULC, an affiliate of Paragon Development Ltd., will jointly manage construction of the project.
...

http://www.site10a.com/whats-new/Developments

[mcminsen]

Getting messier and messier.

Jan.6 '15, my pic


Jan.6 '15, my pic

[Jimbo604]

Source: me

You can see how this section of the walkway around BC Place, that used to be a continuous loop around the entire stadium, has now been removed.

[Joat]

Awesome! Thanks for the updates jimbo

[Vanelevatorman]

Thanks for the pictures.

[VancouverOfTheFuture]

is this building still only proposed? because they are certainly taking down a decent amount of the BC Place walk ways. i cant imagine this building still only in the proposed phase otherwise if it isn't approved one whole side of BC Place in inaccessible for who knows how long.

[officedweller]

Originally Posted by VancouverOfTheFuture

is this building still only proposed? because they are certainly taking down a decent amount of the BC Place walk ways. i cant imagine this building still only in the proposed phase otherwise if it isn't approved one whole side of BC Place in inaccessible for who knows how long.

Posted by Pinion Sept 22, 2014 in the BC Place thread (before this one was started).
Apparently, the thinking is that an underground parkade will be built, whatever the eventual development will be, look like or house.

B.C. Place casino preparations underway

Vancouver city hall has quietly dealt Paragon Gaming a permit to undertake preliminary work for the controversial casino beside B.C. Place Stadium.

A permit was issued Sept. 17 to Paragon vice-president of planning John Cahill for site preparation, including excavation, shoring and remediation. Paragon spokesperson Tamara Hicks called the work “very preliminary.”

“(It is) to enable us to undertake some excavation work in a time frame that won’t compromise some major events planned for B.C. Place in the new year,” Hicks said. “It’s too early for us to comment any further as we have not yet received our building permit.” B.C. Place’s biggest 2015 event is the FIFA Women’s World Cup final on July 5.

Said Mayor Gregor Robertson at the time: “Before a relocated casino can begin construction, the proponents have to come back with a plan that addresses the health concerns raised by (Provincial Medical Health Officer) Dr. Perry Kendall. If they don’t, it cannot proceed.”

City hall communications manager Tobin Postma said the permit allows Paragon to alter a portion of the B.C. Place concourse (near Gates G and F) and to construct temporary access to the stadium prior to excavation.

"An irrevocable letter of credit has been provided to secure the cost of backfilling the excavation and removing the shoring works in the event that the development permit is not issued,” Postma said via email.

Between Gates F and G is one of the stadium’s three external video boards. Minutes of a May 2012 stadium management committee meeting indicated the Cambie Bridge-facing board would be dismantled if the project proceeds.

http://metronews.ca/news/vancouver/1...ions-underway/

[Jimbo604]

Do they even really need a building permit? I thought this was provincial land and thus not covered under city bylaws? For instance that is why they were able to continue having those large electronic signs that did/do not comply with the city's sign bylaw?

[WarrenC12]

I hate sensationalist two-bit reporting like this:

Vancouver city hall has quietly dealt Paragon Gaming a permit to undertake preliminary work for the controversial casino beside B.C. Place Stadium.

So City Hall is hated if they oppose gambling, and also hated it if they allow this pre-casino development to proceed in a timely fashion? Which is it?

[mcminsen]

Some pics from today.


March 4 '15, my pic


March 4 '15, my pic


March 4 '15, my pic


March 4 '15, my pic, looking east (from Cambie Bridge off ramp)

[Genauso]

This site + the space between One Pacific is surprisingly large, probably on account of being next to a big stadium. There is probably enough room to fit Roger's arena in there.

[mcminsen]

Yes, once everything's been cleared away and the hole is opened up it is surprising how big the casino/hotel site is. Here are some more shots from the western perimeter and the pedestrian concourse near gate G.


March 7 '15, all my pics

[WarrenC12]

I live close by, I still don't think it's very big. Remember there's supposed to be a road in there somewhere too. Thanks for the pics though.

[mcminsen]

Originally Posted by Klazu

Here's a view of the road with the roundabout from post #1. I think you can see the north edge of One Pacific in my pics so I'm presuming they are building parking underneath the road. The total site is kind of convoluted.

[osirisboy]

They have already built a couple of underground floors? In the top right corner up beside the concord building.

[rofina]

Insane how much work is going on in this lot, given the scope of all 3 projects.

[WarrenC12]

Originally Posted by mcminsen

Here's a view of the road with the roundabout from post #1. I think you can see the north edge of One Pacific in my pics so I'm presuming they are building parking underneath the road. The total site is kind of convoluted.

Excellent viewpoint in that render.

But if driving, everybody is going to have to access this from a left turn off Pacific? No access from Expo Blvd? There must be some access to underground parking from Expo, or that whole thing will start as a circus.

Not to mention Pacific will need some kind of widening to accommodate people turning in/out of the casino, assuming it one day becomes the "super road" to replace the viaducts.

Also you can see the median still there from the Cambie Bridge offramp, indicating you can't access it directly from the bridge. I imagine that will need to change too.

[officedweller]

Originally Posted by WarrenC12

Not to mention Pacific will need some kind of widening to accommodate people turning in/out of the casino, assuming it one day becomes the "super road" to replace the viaducts.

Also you can see the median still there from the Cambie Bridge offramp, indicating you can't access it directly from the bridge. I imagine that will need to change too.

Pacific Blvd will only be 2-way east of Georgia St., so the road near the casino needn't be widened (and may be narrowed for the streetcar).
Westbound traffic on the "super road" will be forced up the hill to Georgia or onto Griffiths Way to Expo Blvd.
The main access to Expo Blvd from the super road will be near Carrall St. as a right hand turn.

Originally Posted by hollywoodnorth

the presentation boards have now been posted >>

http://vancouver.ca/commsvcs/current...ouseBoards.pdf

I will point out the 2 key ones that were not online till now and both show how much of a fuck up this whole thing will be >>

http://forum.skyscraperpage.com/show...74625&page=115

Originally Posted by officedweller

This is from the 800 Griffiths Way CD-1 Rezoning report to be approved by City Council this week - The second plan shows the Georgia intersection at Pacific. Traffic on the grand Pacific Blvd funnelled up to Georgia Street, but a last minute connection to Expo Bld is provided via Griffiths Way. And it looks like there's a bike lane on that 5% grade.

http://formervancouver.ca/ctyclerk/c...cuments/p5.pdf


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http://forum.skyscraperpage.com/show...74625&page=116


Here are the casino plans from the BC Place thread before this one was started.

There is an underground BC Place access driveway from Expo Blvd.
"Front door" access to the Casino is from Pacific Blvd - but you can also see a sharply curved driveway from Expo Blvd too.

In the last few cross-section drawings, you can see the underground parkade extending under the Smithe St. Extension
- which is visible in McMinsen's pics as the structure adjacent to One Pacific.

Originally Posted by officedweller

Staff report for the DPB meeting on Dec 16th is up.

http://vancouver.ca/files/cov/commit...6-20131216.pdf

Seems like the remaining issues are ensuring there is enough exit room on the BC Place concourse (since the project will block part of the concourse), and a shift in the angle of the tall tower which caused it to encroach on a view cone.

Here are some floorplans. I'm disappointed there's no "show theatre" like at River Rock.

Ground floor with Hotel lobbies and BC Place loading docks:


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Level 2 - Casino floor:


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Level 3 - Casino floor:


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Level 4 - Ballrooms:


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Level 5 - Mezzanine health club / spa


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Level 6 - Roof terrace:
One of the Hotel Lobbies on on the roof terrace.


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Level 7 - Tower floorplates:
Note the two south towers are connected, requiring only one elevator core.
Also note that the tall tower (closest to BC Place, has no rooms fronting the Northern Lights display).


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Here's the view cone encroachment (right hand edge of envelope)
requiring a shifting or redesign of the taller tower.


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The Landscape Plans shows the pedestrian circulation around the site and though the building.
So when you hit the dead-end on the councourse, you should continue through the building to get to Pacfic Blvd:


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Landscape Plan of heavily planted and treed roof terrace:


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Swimming Pool is on the roof of the shorter south tower:


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Elevations anbd Cross-Sections:


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Huge internal atrium:


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First portion of the casino parkade (which will be directly under the Smithe St. Extension) is visible:

Originally Posted by mcminsen

March 7 '15, all my pics

[osirisboy]

Little update: Was driving by and noticed rebar was already sticking up above ground just south oth the pedestrian bridge. Moving fast