Of the fourteen City-owned sites identified for supportive housing, this is the fourth to commence construction.  The article in the Courier is here.

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Despite howls of protest from residents at the Shangri-La, council granted Holborn Developments an additional 16′ of height in exchange for additional DCL’s, community amenities and reportedly $14.0 M in transferable heritage density.  That will put the Ritz-Carlton tower at 616′ versus 646′ for the Shangri-La. Frances Bula’s reporting on the Council meeting is here.

Original Approved Design for Ritz-Carlton Vancouver

Original Approved Design for Ritz-Carlton Vancouver

Holborn applied to amend the existing CD-1 zoning for this site to allow an additional 80,000 SF of residential FSR, increasing the total FSR from 17.74 to 20.8.  It also sought to increase the number of residential units (located on floors 25 – 67) from 124 to 193 and hotel rooms from 127 to 176.

This project is shaping up to be something quite different from what was originally envisioned. Construction has yet to start, so stay tuned for more changes ahead (brand, developer…?).

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This article by James MacGee, associate research analyst at the Reserve Bank of Cleveland and associate professor at UWO, examines the similarities and differences between the US and Canadian housing markets to answer this question. The article is posted here.

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Up, Up and Away

In this Globe and Mail article yesterday, writer Frances Bula identifies the four downtown sites that Director of Planning Brent Toderian has proposed for Vancouver’s tallest towers.  One of the sites (the old bus depot site on West Georgia between Cambie and Beatty) is owned by the City and was much-discussed as a preferred location for a new Vancouver Art Gallery.  The article is here.

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