The Rize Vancouver, it is your density.

A 19 storey high rise tower at Broadway and Kingsway: smart planning for dense living or harbinger of gentrifying doom?

Perhaps there is a point when you say “no thanks, that’s just the right amount of tall buildings, we want no more.”

But is this really the time for that?

I had a friend in town from the States and driving through the neighbourhood his first impression was “Huh, you’d think the corner of Broadway and Main street would be more impressive”.

Ours is certainly not the broadway of New York, it’s not even the Broadway of Portland.

Our Broadway is a bus route scattered with greasy spoons and mini-malls.  Are we really going to stop development at this point?

The argument against this proposed project is that it will ruin the flavour of the neighbourhood, but can’t a real city generate a creative class that evolves with the times?  Are we so fragile that a new condo tower can destroy a neighbourhoods character?

Vancouver has a problem and it goes beyond housing costs.  It seems very much to me like a city in it’s awkward teenage phase.  It’s a pretty teenager, but so freaked out about what everyone thinks it’s afraid to take chances or be itself.  It’s afraid of change and apparently can’t handle it’s alcohol.

If we really want to be a world class city it’s time for us to grow up.

 

Post Submitted by JPR

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Watcher
Guest
Watcher

http://www.vancouversun.com/news/Rise+homeless+Metro+Vancouver+families+alarming/6218513/story.html

We have Hope for the homeless, forget water front social housing in False Creek, build 4 times as many in Hope and put a roof over these folks!

jesse
Member

This is just a stone’s throw from good ol’ Kingsgate Mall. Really there’s nowhere to go but up.

BLISTINGAGENT
Guest
BLISTINGAGENT

I have a hard time understanding all the fuss the current proposal is generating. It seems pretty reasonable that a 19-storey tower could appear in an area near downtown where three of Vancouver’s busiest roads meet.

If this project actually gets built, I’d consider renting in it and give one lucky investor their 2% return!

Patiently Waiting
Member
Patiently Waiting

I have no problem with the density, but I understand the developer weaseled out of rental units and art studios.

Watcher
Guest
Watcher

Can anyone tell us what percentage of solds in E/W Vancouver are condos vs detached sfh? On another note i inquired about a E-Van condo listing which stated it was cash flow positive… 319k asking $1200/month income 190.00 strata fees, the realturd told me only positive if you have a large enough downpayment… no duh no dice!

Bullocks
Guest
Bullocks

Who cares about living in a world class city? I liked Vancouver a lot more before it became “world class”.

logic
Guest
logic

build it.

if the city needs the room, then the broadway corridor is prime density land, as is the cambie corridor (despite the whiners – what did they think was going to follow the Canada line…?)

Rakim
Guest
Rakim

“Who cares about living in a world class city? I liked Vancouver a lot more before it became “world class”.”

Vancouver was a much more interesting city 10+ years ago. Yaletown used to actually be a cool place with tons of little studios and niche businesses.

Vancouver is a yuppie’s wet dream now. The land of bland.

Anonymous
Guest
Anonymous
“I wonder if this will kill many of the deals in Vancouver? Do HAM come in and basically lever up their purchases with the $$$$ they have and not have to show any income? Does the bank then take this 65% mortgage and then securitize it with CMHC anyway? I have been told this is fairly significant. ” I am convinced it will, after looking for a rental and meeting several Chinese amateur landlords who had several houses (but it seemed more like their network had several houses). With an appreciation of 10%, this was a great deal. One can even imagine gathering with a bunch of friends, and each friend takes a turn to buy a given house to another friend. The more expansive the house, the better. If things go wrong, the buyer just leaves the country. It… Read more »
arlo bundsen
Guest
arlo bundsen

I happened to walk by the RAMP protest against the RIZE on the weekend. I talked to several of their representatives and it was clear they don’t oppose development at that corner. In fact, the community plan mentions a need for increased density, but the report makes it clear the 7 story Lee building is the standard. This 19 story building is completely out of character with the neighbourhood, and doesn’t represent the type of density that the community envisions.

Scott
Guest
Scott

@Bullocks: I liked Vancouver a lot more before it became “world class”.

And the sad thing is that Vancouver isn’t even considered “world class” by anyone who doesn’t live here.

http://en.wikipedia.org/wiki/World_class_cities

SunBlaster
Guest
SunBlaster

Nothing wrong with a highrise if it’s aesthetically appealing. Look at Kingsway and Knight, the complex look much better than the Flea Market they had there 10 years ago.

Joe Mainlander
Guest
Joe Mainlander

Single family homes within a 5 min drive of a CBD are the dwelling types that should be ‘out of character’. These boomers bought in and now they don’t want anyone else to follow. Single family homes are subsidized; they pay less per sf or per $ value in property tax than do multi-family or commercial developments. And they eat up more infrastructure per dwelling. And these fat cat subsidized homeowners treat themselves like they are the victims. Why should only the people who already live in a neighbourhood have the only say? What about the broader community who want to see more supply?

Governments created this bubble. The Feds/CMHC by increasing demand, and local govt (with these NIMBYs) by restricting supply. Its a two headed dragon, and these people are one of the heads.

Guy Smiley
Member
Guy Smiley

@ Scott

Vancouver made it onto the map from your link regarding ‘World Class Cities’ so apparently the GaGW thinks so. Of course Edmonton is on there too so it’s kind of difficult to take it too seriously…

mac
Guest
mac

How can you ruin this city any more than it’s already been ruined?

VMD@work
Guest
VMD@work
900kCrackHouse
Guest
900kCrackHouse

What the…..

“The housing boom has helped prop up Canada’s construction industry, which now represents 7.4 per cent of the labour force, higher than it was in the U.S. at the height of its boom. Add in other housing-related industries, such as real estate agents, mortgage brokers and insurance companies, and the sector represents a staggering 27 per cent of the Canadian workforce. In the U.S., those same numbers peaked at 23.5 per cent. “We are far more dependent directly and indirectly on this current housing boom than they were in the U.S.,” says Rabidoux. “How in the world are you going to orchestrate a soft landing?””

Anonymous
Guest
Anonymous

That area is a shithole, and this develpment is exactly what it needs…similar to what the Woodward’s building did to that prized community.
Those self-proclaimed hipsters that hang out there are one paycheck away from being homeless, if they’re not already. They like to romanticize their plight by getting involved with such protests and pretend their shitty lives are by choice.

900kCrackHouse
Guest
900kCrackHouse

I also had a question.

I just received an advert from Italo, my friendly neighborhood realtor. On the back he has a graph showing the rise of single family home prices. Just wondering, did single family home prices really rise by roughly 100k between December 2011 and January 2012 as he shows in his graph?

What a joke this guy is. He needs to learn how to draw a graph. His graph shows single family home prices shooting through the 1.2 million mark in January to roughly 1.25 million, yet states a price of 1.15 million. Prices are already insane enough without having to distort the graph to make them look even worse. Did anyone else get this advert in the mail?

southseacompany
Guest
southseacompany
Good research from the UK on what kind of people oppose new housing (from The Guardian, Spe 15/11:http://www.guardian.co.uk/commentisfree/2011/sep/15/nimbys-housing-ladder-crisis-homeowners) “Shelter has carried out extensive research into who is most likely to object to new homes, and overwhelmingly it is those who have done well from the boom in house prices. Those who are in a worse housing position – younger people, those who don’t own, people on lower incomes – are more likely to see the need for new homes to be built in their communities, but are also less likely to have the voice to speak up for them. Nimbyism is a luxury of the housing-advantaged. Perhaps those using concern for the environment as a cover for protecting their housing wealth should ask their own children, the majority of who will struggle to achieve a comfortable and secure housing situation,… Read more »
SoundandFury
Guest
SoundandFury

@arlo bundsen: the report makes it clear the 7 story Lee building is the standard

The Lee building was built 100 years ago. At the time it was the tallest building outside the downtown core and towered over it’s neighbours. For 100 years that busy corner has been recognized as ideal for high density development. Now RAMP is saying we should not have a new building taller than the Lee building. What happened to progress?

Anonymous
Guest
Anonymous

@VMD@work: There’s a lot of gold in that article.

jojomalone
Guest
jojomalone

This Rize development is far more appropriate in both location & height at 19 stories than the proposed 22-story tower in the middle of the West End. Even the revised proposal for the old church site is still 4x taller than the current zoning allows.
http://westendneighbours.wordpress.com/other-rezonings/1401-comox-street/about-1401-comox-slide-show/

VanRant
Guest
VanRant

Bring it on, the more they built, the harder the crash.

N
Guest
N

@900kCrackHouse:

If those are national statistics, just imagine the percentage of employment that RE must represent in Vancouver. Then imagine the indirect employment (baristas, Pilates instructors, Jaguar salesmen etc. serving house-rich yuppies). This is not going to be pretty.

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