Looks like those basement mortgage helpers might have some competition soon if this plan goes through:
Downtown Vancouver Luxury Hotel to become International Student Housing
The 17-storey building will undergo a $37 million renovation and have 220 beds for international students come September, according to Global News; the company is eventually hoping to expand into Vancouver and Richmond and have beds for 5,000 post-secondary and high school students in nine different buildings.
The Viva Suites will be available from $900 to $2,500, depending on the amenities, location, and building, The Province reports. Some of the amenities available are a weight room, housekeeping, secured underground parking, and Internet. The suites will be available for daily, weekly, monthly, or yearly rental, with no long-term commitments required, states a company press release.
Read the full article here.
Hey! It’s the end of another work week!
That means it’s Friday Free-for-all time here on VCI. This is our regular end of the week news round up and open topic discussion thread for the weekend.
Depending on when you read this, you may already know who’s mayor.
Alrighty, let’s get to the links to kick off the chat!
–BC leads decline in starts
–Mayor race neck and neck
–All about geography and weather
–BC vs Ontario economy
–Former city planner says..
–Ready to move to an island?
So what are you seeing out there? Post your news links, thoughts and anecdotes here and have an excellent weekend!
Looks like somebody has figured out the easiest and best way to make tons of money in Real Estate.
It’s not buying and flipping condos, it’s not renting out rooms and sheds, it’s not even as a developer building towers or a realtor taking a commission on each sale.
No, all those things would take way too much work.
The best way we’ve ever seen to get rich off of real estate is simple: sell your name to developers.
This way you take no risk in the market and make money no matter what happens.
So what are you waiting for? Get selling!
Vancouver is one step closer to getting an interesting new building, and that means it’s time to complain!
For a pretty laid-back town Vancouverites can get vocal about architecture when it departs from the average glass rectangle.
Even the color of the glass can upset some, remember when the city made the Wall Centre change their glass halfway through? Perhaps under the assumption that clear glass would make the building more transparent than black glass?
Well this new building is a weird shape, so get ready for the complaints.
The proposed 52 storey tower will be located downtown at the foot of the Granville Street bridge near Pacific and has a unique twist to it’s design, with a triangular base and a rectangular top.
Close to 800 people attended the two open houses on the project and about 25 spoke at a packed public hearing last night.
Opponents said the tower will block views of the water, cast shadows and bring too much density to the neighbourhood.
But local resident Dean Mailey says it will bring much-needed amenities and charm to the neighbourhood.
“Currently the site is an eyesore in our community. It’s not a nice place to look at any time of day or night.”
Read the original article over at the CBC.
..But they are making more condos.
LOTS more condos.
In addition to all the run-of-the-mill condo towers in Canada there’s this plan:
Pinnacle International has plans to build the tallest building in Canada, a five building condo compilation on Torontos waterfront that would include a 92 and 98 storey building.
The tallest building in Canada today is the 72-storey First Bank Tower at 100 King Street West in Toronto, according to the Skyscraper Center, a database of the world’s tallest buildings.
Pinnacle bought the Toronto Star Tower, on the Toronto waterfront at the corner of Yonge Street and Queen’s Quay, this summer. The parcel of land is now home to a parking lot and a low-rise building, but that may soon change.
No one was available to speak about the project at Vancouver’s Pinnacle International head office on Monday.
The conceptual drawing posted on the Urban Toronto site shows the 25-storey Toronto Star Tower in the lower left corner, with another tower beside it. A road separates those two smaller towers from four much taller towers behind the first two. The Toronto Star report said the four taller towers are residential towers, while the smaller new tower would be an office tower.
Can anybody tell me how many more homes can be provided in a condo tower like this compared to single family homes on equivalent lot space? Because I’m guessing it’s a lot.