Thursday, January 14, 2010

Tallest Vancouver Condo High-Rise Towers Coming Soon to Downtown Vancouver Real Estate Market - Landmark Highrise Condominiums Coming Soon!

Tallest Condominium Towers Planned and Passed by City Council

The downtown Vancouver dome skyline policy will allow for taller Vancouver condo highrises to be built even while protruding existing view corridors.Vancouver city council has passed proposals for four new massive downtown Vancouver condo high-rise towers, one of which will surpass the height of the current tallest Vancouver condominium tower, the Shangri-La condominium hotel building. This comes on January 13th, 2010, admist one of the biggest building booms during the past decade and shortly after the global economic problems that plagued the Vancouver real estate market for much of 2009. Having rebounded sharply in the last 6 months of 2009, the Vancouver real estate market has been on the march upwards as homebuyers are trying to buy property before the expected HST that comes into play in July 2010 in addition to a likely increase in mortgage rates later in the year. City Council passed a proposal to build the tallest Vancouver condo tower near Georgia and Seymour Streets. This building site could accommodate the tallest Vancouver condominium tower at two hundred and thirteen metres height (213 metres). The current tallest Vancouver highrise is the Shangri-La Hotel Condo that stands at 201 metres (two hundred and one) and it stretches up sixty one stories. Recently completed in late 2008, the next closet tallest Vancouver condo highrise is that of the Wall Centre in central downtown Vancouver real estate market, which is only 152 metres in height. As of mid-January 2010, Vancouver City Council has passed the proposed buildings at four different sites that will forever change the landscape and skyline of the downtown core, without altering view corridors as much as possible. The January 5th 2010 report from the Vancouver Planning Department states that the higher building policy (for height restrictions to be lifted) is the only way that Vancouver can expand and meet homebuyer and rental demands. The Vancouver Central Business District east of Georgia Street to False Crek in addition to south down to Burrard Street to the foot of the Burrard Street Bridge was mentioned as the possible sites for higher and taller Vancouver condo highrises to be built.

The 4 Tallest Vancouver Condo Highrise Proposals Passed

Massive landmark Vancouver condo towers will grace the skyline as the dome skyline policy.In addition to the tallest 213 metre condo highrise proposed for the Georgia/Seymour Street area of downtown Vancouver real estate market place, the Vancouver City Council also passed plans for three other new condominium tower developments that will be quite tall as well. There is another proposed tall Vancouver condo highrise at Georgia Street and Beatty Street. This second downtown Vancouver condo highrise landmark building will be approximately 152 metres in height, the same as the Wall Centre Vancouver tower. The third highrise proposed by City Council will be at the end of Georgia Street and will most likely get to 130 metres (one hundred and thirty metres in height), which will make it one of the top five tallest Vancouver condo high-rise towers in the city. The last proposed and planned tower building in downtown Vancouver will be a 122 metre high-rise proposed for Burrard Street on the other side of the city. The recent change in planning policy will see certain height restrictions lifted to create more of a ‘dome skyline’ policy. The cascading heights of these towers will allow the current view corridors to remain intact, while also increasing density of the urban core. The downtown Vancouver dome skyline policy takes into effect right away with these planned tallest Vancouver condo highrises, mainly across Georgia Street and Burrard Street. Many other tall skyscrapers may be in the works as well. The Vancouver dome skyline policy is based on creating more space for renters and homeowners to live within the urban core, and with many restrictions required from the developers’ standpoint, Vancouver City Council believes that this is the right course of action.

Green Standards, Liveability and Sustainability Key to the Domed Skyline Vancouver Building Strategy

As with many new building policies, the downtown Vancouver domed skyline strategy will create the possibility of more creative architecture, striking landmark buildings and higher density within the downtown core. However, Vancouver City Council stated very rigorously that the proposed tallest Vancouver highrise condo developments must adhere to very strict Built Green standards in condo building construction in addition to create liveable and sustainable condominium homes that will help protect the environment and retain its value long term. The Vancouver domed skyline building strategy will also require developers to create space for hybrid vehicle power stations in the underground parking, and also apply for LEED or Built Green certification. All of these features will help to create more liveable and sustainable downtown Vancouver condo homes for purchasers and renters for future generations. So Vancouver, you got what you wanted! Four massive downtown Vancouver condo highrise towers will be coming your way in the next couple of years!

Downtown Vancouver Dome Skyline Policy Won’t Block Views of North Shore Mountains

The tallest Vancouver highrise condo towers will be coming soon to Georgia Street after City Council approval.With a long standing policy of protecting ‘view corridors’ Vancouver City Council has repeatedly disapproved downtown Vancouver highrise condo towers that would even remotely block views of the North Shore mountains and water. However, during the past few years, City Council has become more lenient on building heights, with the construction of the Wall Centre and Shangri-La Vancouver. Now, it seems, the city council has adopted the downtown Vancouver dome skyline policy which allows for taller Vancouver condo highrises to be built in the downtown core. Apparently this Vancouver dome skyline policy will still help protect the view corridors of the North Shore mountains and beyond. Indeed, this is a shift in building policy, but in the end, the placement of ‘special buildings’ through the dome skyline policy will help beautify the Vancouver skyline. These taller Vancouver condo highrises will become part of the view and beautiful skyline. The proposed condominium highrise landmark towers within the new Vancouver dome skyline will be between 122 metres and 152 metres and will be built along sites at the foot of Georgia Street and Burrard Street in addition to Georgia/Seymour and Georgia/Beatty, along some of the most dense and built out corridors in the downtown stretch. These tall Vancouver condo highrise proposals will be the first extra tall dome skyline policy projects in the city that will protrude the current view corridors. However, with exceptional architecture, sustainable Built Green construction and the possibility of affordable rental housing, the Vancouver dome skyline policy will likely be passed very soon to give an architecture statement to the city skyline. Without eroding the view corridors all that much, the downtown Vancouver development community and building developers are all for this added density on their sites. Some City Councillors have even proposed that one of these 4 tall Vancouver condo highrises will become an office tower, bringing back more office space to downtown that has been recently converted into residential buildings. Another of the 4 new proposed Vancouver highrise landmarks may become a part office and part residential condo building. In addition to the development of these very tall Vancouver condominium towers, the city expects developers to add to the services and amenities of the community, including affordable rental housing, daycare, parks and heritage preservation and the approval of any new pre-construction Vancouver condo development will have to come with these developer perks. Some City Councillors say that downtown Vancouver real estate market can accommodate another thirty thousand (30,000) residents under the current zoning of the sites. Right now, over 100,000 or one hundred thousand people call downtown Vancouver home. Another City Councillor has proposed mid-rise buildings throughout the city core including the business district, while increasing the height of new Vancouver condo buildings towards downtown East around the Chinatown, Crosstown and Gastown areas. Last year, there were city staff who called for the development of two 91-metre condominium towers in Chinatown next to Dr. Sun Yat-Sen Chinese gardens. Some of the areas around downtown Vancouver Chinatown real estate district along Pender Street have already been rezoned to accommodate for higher low-rise and mid-rise condo buildings during the past year.

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