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1608 W Georgia MLS® Listings
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Building Info
There is a new and improved design for the significant redevelopment of the White Spot restaurant property on West Georgia Street on the border of the West End and Coal Harbour areas.
A newly-submitted rezoning application for the 2/3 block-sized parcel at 1608-1616 West Georgia Street shows two residential towers with a height reaching up to 385 ft. with 38 storeys.
The redevelopment is being pursued by China-based property owner Carnival International Holdings Ltd., which acquired the site for $245 million from Shato Holdings, owned by BCs Toigo Family, in 2017.
The new architectural concept is by Connecticut-based Pelli Clarke Pelli Architects, which notably designed Kuala Lumpurs Petronas Towers, Londons One Canada Square, Hong Kongs IFC, New York Citys World Financial Center, San Franciscos Salesforce Tower and Transbay Transit Centre, and the original design of the Eatons Centre building in downtown Vancouver, and the major corporate offices of Microsoft and Sony Pictures Imageworks, IBI Group is also involved in the project as the architect of record. The proposal calls for 455 strata residential units, with 200 located in each of the towers, and 55 within a four-storey podium that connects the two towers.
Height limitations restrict the project from being twin towers; three view cones cross through the site, and the western towers rooftop structure is restrained to reduce the shadowing on some of the perimeter trees on Marina Square Park, located one block north of the development site. The redevelopments landscaping is described as a tower on podium or tower in the park. Overhead bridges span the courtyard to connect the podiums and towers.
Strata Sub Categories: Strata Condos
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B.C. housing market showing signs of marginal improvement
B.C.’s housing market saw a slight improvement in March as home sales nudged higher following a 5.9-per-cent decline in February. Sales increased 0.7 per cent to reach 5,866 unit sales. Home prices rose 1.8 per cent. This said, housing momentum has waned in the last few months as buyer sentiment shifted amid interest rate uncertainty.
MLS home sales increased in most of the province’s real estate board areas. The Greater Vancouver area saw home sales increase by 1.4 per cent following a decline in the previous month. In Chilliwack, home sales increased only slightly—by just 0.5 per cent—while the Kootenays reported a 17.2-per-cent increase. Home sales also rose 9.4 per cent on Vancouver Island, and were unchanged in the Fraser Valley. However, the Okanagan-Mainline and South Okanagan areas recorded sales declines of 8.9 per cent and 19 per cent, respectively.
Lethbridge industrial market strengthens as options limited
Western Canada’s industrial markets are at an inflection point as demand normalizes and the pause that hit new construction last year begins to make itself felt.
Conservative market sentiment is now creating the conditions for stronger performance in 2024, Avison Young reports, with cities like Lethbridge poised to see a landlord’s market for industrial space.
Lethbridge reported a 4.1 per cent vacancy rate in the first quarter, up from 4 per cent at the end of 2023. But space under construction is down more than half from last year to 50,000 square feet, creating potential supply constraints.
That change will have significant implications for cottage owners. Many have seen the value of their properties skyrocket in recent years, which could cause them to kick the tires and sell before the higher tax rules kick in.
High-tech sensors in workplaces, postal-code analysis among tools for real estate strategies.
Driven by persistent return-to-in-person challenges, local companies are leveraging office space data to optimize the physical spaces they occupy.
Employee commute times and office space utilization data are informing companies’ strategies for encouraging in-person work and optimizing office layouts to meet long-term goals, according to those who spoke toBIV.
“As companies are revisiting or choosing to revisit their office space, they’re looking at a year to two years of real good data of who’s coming in, how often, what are they doing and what’s the purpose of the office for those people,” said Alain Rivère, vice-president of the high technologies group at CBRE.
Detached home starts decline as condo, townhome starts boom in 2023
The West Coast housing market saw a significant boost in construction activity last year, according to a new report by the Chartered Professional Accountants of British Columbia (CPABC).
The annualBC Check-Up: Investreport found that construction began on 35,553 housing units in southwest B.C. during the year, a 20.9 per cent jump compared with 2022. This marks the highest number of housing starts ever recorded in the region.
“Our members living in the Lower Mainland have consistently reported that housing prices are the biggest challenge facing B.C. businesses,” said Lori Mathison, president and CEO of CPABC, said in an April 18 statement.
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