The Woodward’s project has received a great deal of press in part because it is perceived by many to have been a bold and risky venture given the neighbourhood and in part because of the speculation about its potential for being a transformative force.  In anticipation of its formal opening next month, Frances Bula writes about some of the many variables that were at work in bringing the project together in this article in today’s Globe and Mail.

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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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Came across this great article about Robert Fung in BC Business from a few months back.  Having worked with him quite closely over the summer, I can certainly affirm that he is not lacking in passion, vision and commitment.  It shows in each and every project!

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