you mean so that "ordinary" people could by one right? :lol:

The redesign/cheapening meant more, smaller units, and switching the structural system to a shear wall (like with absolute world in mississauga) instead of fancy twisty columns like with the Erickson. The price point was supposed to go from $2000 to $1500. Still by no means for "ordinary" people :)

There were two men today installing three PCL logos on the site, one in each corner and one in the middle. The signs are exactly like these:

http://img341.imageshack.us/img341/3833/pcllogo.png (http://imageshack.us/photo/my-images/341/pcllogo.png/)

GOOD NEWS !!!!!!!





Luxury condo tower reborn in downtown Vancouver

CBC News

Posted: Apr 17, 2012 6:04 PM PT

Last Updated: Apr 17, 2012 8:34 PM PT

http://www.cbc.ca/gfx/images/news/photos/2012/04/17/hi-bc-120417-condo-tower-8col.jpg


A luxury condominium and hotel project planned for Vancouver’s West Georgia Street and cancelled during the recession is back on track, CBC News has learned.

Construction stopped suddenly in October 2008, leaving a gaping hole behind the hoardings between Thurlow and Bute streets. But buyers who’d bought did get their money back.

The 60-storey building, originally called the Ritz-Carlton, will now have a new name and a new configuration, but the design that twists 45 degrees from top to bottom will remain the same.

The Holborn Group, which is developing the project, is expected to get a permit by the end of the week that will allow the company to start building again.

But with the passage of time and a tighter economy, the market has dictated changes and although the building will still be on the high end, the building have been tamped down.

“Where the consumer is focusing is, ‘What is the end price and what are the amenities that come with it,’" said Jennifer Podmore Russell of Deloitte Touche.

In this case, less means more.

The number of condos goes from 163 to 290 and hotel rooms increase from 127 to 187.

Lowering the ceiling heights will help squeeze in eight more floors, but increasing the building's overall height by just five metres.

Prices are expected to be in the $1,500-per-square-foot range, down from $2,300 earlier.

Veteran real estate marketer Bob Rennie says even today's luxury buyers are more cautious.

"It's a much more conservative buyer out there,” Rennie said. “They want certainty."

Construction is expected to resume by the end of April, with sales tentatively scheduled to begin by the end of the year.

http://www.cbc.ca/news/canada/british-columbia/story/2012/04/17/bc-vancouver-luxury-condo.html

Holy shit they increased the height lol.

and since they are going to squeeze in eight more floors, the total floors now should be 68 instead of 60 as the original planned. ;)

Oh yesss! I'm so happy this project is back on track. :banana:

This is great news. I thought this was permanently cancelled. Amazing to see that it is back on track and slightly taller as well.

This is great news. They'll need to apply for planning permission for the changes although hopefully that won't stop them from making a start.

Refresh our memories...:)


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The awesome sales of Telus Garden must have given the developer a great boost to build. If they can put a retail/food/market mall at the podium of this project, I can guarantee their units would be sold out quick.

$1,500 per square foot is still higher than Telus Garden's $1,000 price but significantly lower than the previous $2,300 range. With its unique design and marvelous view of the city, I'm too sure it will attract many buyers, especially the investors from oversea.

Very good news!!

I'm curious to see how this tower sells, and if there will be more like it. I wonder how big the market is for this price point in Vancouver.

I am pretty sure I read someplace that this tower will now be 66 storeys. Can't find the article but can anyone back me up on this?

Drove by this morning and found workers were loading some equitments down to the site.


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