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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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Vancouver considers more gambling at city's two casinos
The B.C. Lottery Corporation wants Vancouver to lift or amend its 13-year-old moratorium on the expansion of gambling in the city.
According to the city’s general manager of arts, culture and community services, Margaret Wittgens, there has been recent interest from the BCLC to expand gambling at the city’s two casinos — Parq and Hastings Racecourse.
“BCLC is seeking to expand gambling opportunities at the Parq and Hastings Racecourse casinos by potentially increasing the number of slot machines and table games,” Wittgens wrote in a report going to council’s committee on policy and strategic priorities on May 8.
The RE/MAX® brand delivers notable advantages – for agents with a RE/MAX brokerage
As the 2024 RE/MAX vs. The Industry report shows, RE/MAX agents are the most productive, meaning they close more transaction sides than other real estate agents, on average. In fact, RE/MAX agents closed an average of 11.8 transaction sides throughout 2023, nearly double that of the competition
But productivity isn’t the only place RE/MAX shines. The annual report, which ranks the results of national, full-service brokerage brands in the U.S., also highlights that the balloon-backed brand dominated in unaided brand awareness at 36.4%.
The clock is now ticking on hefty fines for those who don’t fall in line reguarding short-term rentals
The province’s short-term-rental compliance enforcement unit officially swings into action Wednesday, as B.C.’s new rules banning most short-term rentals come into effect.
The new rules passed in the fall — part of a multi-pronged approach to create more homes to rent or buy amid a national housing crisis — are aimed at converting thousands of short-term rentals into long-term rental housing for people who work and live in the province.
Despite pressure from vacation-rental owners, Premier David Eby and Housing Minister Ravi Kahlon have not backed down from the controversial initiative to “rein in profit-driven mini-hotel operators” and return homes to people who need them.
The proverbial 'Bank of Mom and Dad' is strongest in B.C. and appears to be buoyed by foreign-derived income
British Columbia leads all Canadian provinces and territories in co-ownership arrangements for residential properties between parents and their young adult children, according to a new report from Statistics Canada.
The report found 20.3 per cent of the B.C. residents born after 1989 (adult children) who own a property had a co-ownership arrangement with their parents, as compared to 17.3 per cent for all of Canada.
Furthermore, parents who are immigrants co-own properties more frequently with their adult children than Canadian-born parents; in Vancouver, 76.9 per cent of parents who co-owned properties were immigrants.
Canadian mortgage payments went from virtually nothing to very high
Canadian mortgage payments went from virtually nothing to the highest level in well over a decade, inflicting pain on mortgage borrowers. However, the value of homes also surged. In fact, from the rate cuts that sent home prices surging in March 2020 to the end of 2023, the growth rate of home prices outpaced the increase in the average mortgage payment on file at Equifax. This was true in most of Canada’s largest cities, especially in Eastern Canada where the average household’s payment significantly lagged home price growth.
Canadian Home Values Climbed Faster Than Mortgage Payments
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