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91大黄鸭 grows up with new developments on the way

A Capital News series of stories on the building boom in 91大黄鸭, West 91大黄鸭 and Lake Country
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Building boom: 91大黄鸭 is moving more and more towards urbanization.

Joelle Cannell has lived in and around 91大黄鸭鈥檚 downtown for the better part of a decade.

鈥淭here have been a lot of changes 鈥 especially in the last couple of years,鈥 she said, Thursday.

鈥淲ith the completion of the Interior Health building, the police station and the Innovation Centre a true city vibe has evolved and it extends beyond Bernard Avenue.鈥

Throughout the city core there are eateries, coffee shops and places to stop once the sun goes down, which is a welcome change to Cannell who spent much of her adult life living in the city centres of Vancouver, Calgary and Victoria.

鈥淚 would say downtown 91大黄鸭 is finally coming into its own,鈥 she said. 鈥淚t鈥檚 growing up.鈥

Doyle and Ellis

City planners have never actually said; 鈥淚f you build it, they will come,鈥 but it鈥檚 clear they were banking the oft鈥 repeated quote and it鈥檚 starting to pay off.

The most noticeable results of their handiwork is on the corner of Doyle Avenue and Ellis Street, which has become significantly more vibrant in the last few months.

Interior Health鈥檚 $46 million downtown headquarters was completed in December, bringing with it as many as 800 health sector employees and 500 people a day in need of service.

鈥淭his is a game-changer not only for health care delivery but for downtown revitalization,鈥 said 91大黄鸭 Mayor Colin Basran, about the health authorities headquarters being built on what was initially a municipal parking lot.

Construction on the six-storey, 106,000 square foot Centre for Innovation began Oct. 31, 2014 and was largely completed last month. The first tenant鈥攖he Business Development Bank of Canada鈥攚as scheduled to move in a week ago.

The 91大黄鸭 Police Services building will move off Doyle this summer, though the Clement Avenue facility tentatively opens March 24.

There鈥檚 also been an addition to the nearby library parkade and construction of a new parkade across the street, beside Memorial Arena.

All in all, Basran has said it will be the busiest intersection between Vancouver and Calgary.

Residential

There are more initiatives aimed at building up the urban core of the city, and they may be just as impactful when it comes to creating some vibrancy in the city core.

鈥淲e are seeing lots of development interest with our RU7 infill housing zone around the downtown area,鈥 said Ryan Smith, the City of 91大黄鸭鈥檚 community planning manager. 鈥淭he first proposals for that are rolling through the door.鈥

That plan would essentially allow for four homes to be built on 750 standard-size municipal lots throughout central 91大黄鸭.

The aim is to diversify and increase the city鈥檚 housing stock, create more populated and vibrant neighbourhoods, while also allowing existing landowners to pull more value from their properties through additional development, city officials have said.

鈥淲e鈥檙e working on pre-development application proposals on a number of other sites downtown, as well,鈥 said Smith, noting that a lot of projects that once sat stagnant are starting to take form.

鈥淭he building at the corner of Richter and Stockwell is being built now, and for a long time that was just a sign on a plot of dirt,鈥 said Smith, of the condo development.

On the corner of Leon and Ethel a micro-suite project is being developed and Central Green, the master-planned community downtown at Highway 97 and Richter Street, is also coming together quickly. Consumer appetite for the project was apparently impressive enough that on the opening day of sales, developer Mission Group sold $10 million worth of condominiums in the first of four low-rise buildings it will construct on the site.

And what was once 91大黄鸭鈥檚 cautionary development tale is really taking shape. The highrise at 1151 Sunset Drive, has sold over 70 per cent of its 109 condominiums in less than four months.

The project formally was known as Lucaya and it started and died with only one floor completed during the economic downturn of 2008. It will be complete by next summer.

Also, the big pile of dirt kitty-corner from Prospera Place may finally shape up into something after failing to materialize into the Westin in 2008.

鈥淚t鈥檚 a different market than 2007 and 2008, there鈥檚 a lot less supply of single family lots and market condos for sale,鈥 said Smith.

鈥淚n 2008 we saw condos sold on speculation 鈥 we see less of that now.鈥

People want to move into the downtown, he said, and that鈥檚 having a ripple effect.

鈥淏ack in 2005, 2006 we would see 750 to 1,000 single family lots a year created by local developers,鈥 said Smith.

鈥淚n the last two years we have averaged 350 to 450. We are seeing a larger share of development happening in the city core areas, in the form of town housing or rental housing.鈥

Rental housing

Complementing all these new developments is a new cache of rental properties, which are expected to significantly improve 91大黄鸭鈥檚 rental vacancy rate of 0.6 per cent.

鈥淥ver the past couple of years, the combination of a tight rental market and rental housing incentives from the city, we鈥檝e seen a lot of change,鈥 said Smith.

鈥淭here鈥檚 somewhere in the neighbourhood of 1,500 rental suites in development,鈥 he said, adding that they range from one to three bedrooms.

鈥淓arly projects were one bedrooms and micro-suites, but now there鈥檚 a larger mix of two and three bedrooms. A Glenmore development had a number of three bedroom units and so too did a development for KLO road.鈥

These units aren鈥檛 expected to come online right away, nor is it clear whether they will improve the affordability of the area.

That said, they are sorely needed.

Hotels

Tourism-oriented developments are also moving ahead, said Smith.

The most notable project is the Westcorp hotel. The 24-storey hotel in downtown 91大黄鸭 was given approvals in 2014, and expectations were that it would be well underway by now. In November, however, the second delay on the estimated $65 million project on the corner of Queensway Avenue and Mill Street was announced.

Revisions on the design was the reason for the delay.

Smith said that it was a 鈥渟omewhat minor鈥 change and the city expected to see the project back for permits in the spring.

In the meantime, the Argus hotel planned for the corner of Manhattan Road and Sunset Drive has been put on hold.

It鈥檚 unclear why plans for hotel rooms have been shelved, but Smith said interest remains.

鈥淭here are three different hotel proposals, two at the corner Highway 97 and 33 and a third at the corner of Spall and Enterprise at the southside, and a fourth one was permitted in the fall for a space by the airport,鈥 he said.

鈥淲e have a number of them on the books. I know the hotel market is competitive in 91大黄鸭 鈥 I don鈥檛 know if they will all proceed.鈥

The rest

While 91大黄鸭鈥檚 development community is seemingly basking in what Smith described as a 鈥渉ot market,鈥 there are still some projects not faring as well as planned.

The Aquilini family of Vancouver received permission in 2009 to build a 26-storey tower on Bernard Avenue. The approvals for the project lapsed at the end of 2013 and the company recently put the building for sale.

The Aquilini鈥檚 focus seems to be SOPA Square, a Pandosy Street development long beleaguered by debt and bad press. It was purchased from its original owners two years ago and is still under construction.

Plans for a 鈥淕ranville Island style鈥 market have also not materialized in 91大黄鸭, despite two projects getting significant press several years ago.

Of note, the old BC Tree Fruit packing facility was torn down last year and the land is owned by a Vancouver-based company, said Smith.

The brewery slated for the land has also not gone through.

鈥淎 new development permit for the site is expected,鈥 said Smith. 鈥淚t鈥檚 going to be consistent with the industrial zoning.鈥

To learn more about the developments being planned go to:

https://www.kelowna.ca/homes-building/property-development/current-developments.





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