I don’t think the wind had anything to do with this, but I thought the title was catchy 😉 There is some change. Recently I added the Hurley Development Apartment Project to the list of “pipeline” projects. The address I originally saw on Hurley’s website indicated it might share the block with the new Hyatt Place Hotel the city green-lit for permits earlier this year. I was thinking the 6 story apartment building would sit behind the new hotel, not unlike the half block Aria project on West 6th. Plans submitted at Thursday’s CCRA meeting show what appears to be a full block building occupying the space proposed for the Hyatt. The Hurley Apartment proposal is for a sizable building with 5 levels of apartments over the top of parking and retail/commercial and 170 units.
Evergreen still shows the Hyatt Place as an active project with an opening date projected in 2021. Even if they do the project it won’t open in 2021 at this point. I feel like Hoteliers are a bit worried that COVID 19 may have taken a permanent bite out the industry. That might suggest the Hyatt Place projected is being canceled. No official word on that however. Documents submitted to the CCRA show Evergreen Downtown Vancouver, LLC as the developer. I believe that is the same as the Hyatt Place project. Did they scrap the Hotel for the larger apartment deal? Perhaps. I was excited about the hotel as it would push Vancouver’s convention ability in a favorable direction and the rooftop bar seemed really cool.
I’ll continue to follow the development but all indicators are that the hotel project is dead despite being issued approval for building permits by the council.
Meanwhile some new condo inventory has appeared on the market and a few units have gone pending or closed as well. Good activity in the Urban condo market right now.
In general Vancouver’s downtown area, AKA Esther Short Neighborhood, has quite a bit of activity. On housing units there are currently more than 600 residential units including 40 condos in the Kirkland Tower actively under construction. Additionally another 500 are in the active permitting process, with yet another 300 plus proposed. As these units come online the market demographics for the downtown area will be significant improved allowing for what few services remain unfilled to become viable, notably a proper grocery store within walking distance to the park.
Things continue to come together nicely for the burgeoning Vancouver Urban scene.