The CCRA will be reviewing the proposed project on both Blocks 1 & 2 at the waterfront. This project as proposed would feature a five story podium of parking and retail supporting 3 connected towers of residential on Block 2. The towers would be 7, 9, 12 floors respectively including the 5 base floors. The tallest tower should only rise to about 130′ according to the drawings being presented to the city. That should work fine for the FAA although they may have some tower crane issues like Kirkland did. The Block 1 portion will feature a 10 story office tower also supported by 5 floors of structured parking. That tower is shown as rising 132′ which will lead to the same potential issues with tower crane operations.
The project is offered by the Lincoln Property Group and its local partner and judging by the success they had pushing the two tower, two block proposal for the future Zoom Info office at Terminal One, they should be able to skate through. The 10 story office tower proposed by Gramor and marketed for lease by Colliers International will need to be cancelled for this project to proceed. Perhaps The Lincoln Group was considering the Gramor proposal when they decided to go ‘bigger.’
Several years ago an investor group bought up all the lots on the 1500 block in Midtown bounded by Washington, Columbia, W15th, and W16th. These lots all had retail operations mostly in automotive service. Other than the sale and the long term eviction announcements shortly after the sale, it’s been crickets, until I noticed a pre-app submittal for land use review. Hmm, I have no details yet, but the original press release suggested an office building or a mixed use building of 5-6 floors was planned. I’ll be following this closely as I think the ‘Midtown’ area is primed for some serious building activity. Al Angelo’s 6 story mixed use project completed in 2021, is currently the tallest structure in the loosely defined “Midtown” area which is basically the section of Vancouver between Uptown and Downtown near the SR 501 corridor (Mill Plain eastbound and 15th westbound.) Recent urban projects in the area include the 5 story 13 West apartments, 5 story 15 West Apartments, 4 story infill housing Miles Terrace, Our Heroes Place two 5 story apartment buildings, Al Angelo’s new 6 story Apartment building, The Rosa twin 4 story apartment buildings. Currently under construction 4 and 3 story VHA housing, Hurley’s 3 story 3/4 block Bennent Apartments, and a tiny 3 story infill project called Florence. Projects in the late planning stages New Seasons Market, and the proposed projects, a small infill 3 story office building by Al Angelo and this 1500 Block proposal. This narrow section of the city has seen about 200 million in development over the last half dozen years. Not bad considering the area is on the ‘outskirts’ of Downtown.
I mentioned at the New Year the other significant projects very likely to break ground in 2022 including Waterfront Block 18 12 story senior living by The Springs, Block 19 7 story apartments, Block 21 14 story apartments, Blocks A & C at Terminal One Zoom Info HQ, Hurley’s 6 story full block apartments at 400 Washington, Downtown.
2022 should also see the completion of several notable projects including the 12 story Kirkland Tower, 8 story Indigo Hotel, and Block 17, 7 story Broadstone Claro apartments all at the Waterfront. Terminal One 7 story AC Marriott Hotel, and Downtown the Holland HQ 6 story office and Holland 7 story Apartments on Block 10.
The local urban condo market was conspicuously quiet this past week. A single transaction showed up on my tracking it was a closed unit on the 7th floor of Parkview.