Waterfront and Downtown are ‘Off the Vine’

Everyone knows that Portland and Vancouver have a serious craft beer scene. Vancouver has quietly become a top destination for craft breweries and at least on a per capita basis is challenging our big sister to the south.

What has happened even more quietly is our emerging wine experience. Of course Maryhill Winery opened their lovely tasting room/eatery right on the water on Block 12 but over the last few weeks announcements of 5 more tasting rooms / restaurants both on the waterfront and downtown will bring the number of wineries and tasting rooms to ten in the area from Uptown to the Waterfront.

Check this article on the beer and wine scene in The ‘Couv’ Life here. 

In other news the Indigo Hotel building appears to be topped out as the beams and temporary roofing are in place above the 8th floor. Kirkland Tower still has 4 to 5 floors to go before topping out. I am very excited about the Indigo Hotel, this is a bold design and I think those that are skeptical will be amazed when this project is done. This hotel will be a first class structure. Seriously, El Gaucho is going in there, that is a pretty big endorsement. As for Kirkland Tower those units are going to be ultra premium condos in the $1-$5 million price range.

The AC Marriott Hotel project on Terminal One two blocks east of the Indigo has been under way with ground preparations. This week at the CCRA meeting on Thursday at City Hall, locally based Vesta Hospitality will make a presentation of the project as they move forward in final approval process. The project will feature parking on the second and third floors rather than underground parking. Ground level will be a mix of hotel lobby, meeting space and some retail with five floors of hotel rooms over the parking garage. The 7 story building should be relatively short in height as parking garage floors are generally shorter. I imagine there will be no issue with the FAA on this project.

At this same meeting the city will present the Memorandum of Understanding regarding the redevelopment of what the city is calling the Waterfront Gateway. This area is almost entirely owned by the City of Vancouver and includes a large parcel currently used as a surface parking lot. I think this is an important redevelopment area. It is unlikely any tall structures will go here, the City has a roughly 4-6 floor height limit in the area and that is largely due to Pearson Airfield flight paths. But having that area built up as more than a grassy field and surface parking is an important process to making the downtown and the waterfront congruous.

The published agenda for this CCRA meeting shows that there will be an update ont he Block Ten redevelopment project in which Holland Partner group has proposed a multi-tower 11 story office and 7 story residential buildings. Hopefully we will see some actual details. I’m watching this one closely.

The Columbian reported recently that local architecture firm, LSW is organizing an event called “Design Vancouver” aimed at boosting Vancouver’s reputation as a design center. This inaugural event is drawing designers from Portland and around the Metro Area. They also have a keynote speaker, Rob Bredow, who is head of Industrial Light and Magic, yes that ILM of George Lucas / Star Wars fame. That conference is scheduled for October 4-5 next month.

The condo market continues to move nicely. Several units moved to pending or sold status this past week and only a couple of new listings came online which means inventory contracted a bit more. Price ranges from the entry level to the high end all saw mostly positive activity. This market for condos isn’t what I would call “hot” but it is solid with well priced units selling promptly and only the puffed up prices are sitting longer than 60 days.

Urban living in the ‘Couv’ is getting better every day.

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