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jimtan
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Main Street + Olympic Village is the new West End

Fri Feb 27, 2015 7:42 pm

Main Street + Olympic Village is the new West End

Took a walk around West End. So few new buildings. The majority are a mishmash of faded and tattered apartments from the 1950s to 1970s. There's no hope here.

Without an increase in density, any new buildings will be too expensive. With an increase in density, the place loses its character. Hello. Wanchai!

Instead, look to southeast False Creek. The Olympic Village has 1,600 residents and rising. In the area, 4k units are being built. Go to Main Street (between Broadway and 16th for your latte, trendy clothes and art gallery. Plenty of small businesses and character. Room for expansion.

P.S. Almost no vacancies in the West End. It's that time again! Boot the tenant!

Sorry girls! Looks like you missed your chance again!
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Hopes
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Re: Main Street + Olympic Village is the new West End

Fri Feb 27, 2015 8:54 pm

I agree, SE False Creek / Main area is booming. I had a couple of chances to get in, but passed. Kind of kicking myself. There are several pre-constructs going up but the boat has mostly sailed on the most desirable builds.
 
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DAB
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Re: Main Street + Olympic Village is the new West End

Fri Feb 27, 2015 9:41 pm

I think there is more upside around the Main & Broadway area than there is the Olympic Village area. There seems to be too many condos built around the Olympic Village area too many & too fast.
 
jimtan
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Re: Main Street + Olympic Village is the new West End

Sat Feb 28, 2015 12:31 am

Good point.

For these urban renewal projects, you have to take a longer time horizon. My regret was not buying Canary Wharf in the mid 1990s. At the time, they only had the Dockland Light Rail.

In the long run (50 years), any waterfront property becomes dodgy because of climate change. Fortunately, London has the Barrier which provides some protection.

http://en.wikipedia.org/wiki/Thames_Barrier

"... The barrier was originally designed to protect London against a very high flood level (with an estimated return period of one hundred years) up to the year 2030, after which the protection would decrease, whilst remaining within acceptable limits.[17] At the time of its construction, the barrier was expected to be used 2–3 times per year. It is now being used 6–7 times per year.[18]

This defence level included long-term changes in sea and land levels as understood at that time (c. 1970). Despite global warming and a consequently greater predicted rate of sea level rise, recent analysis extended the working life of the barrier until around 2060–2070..."
 
tedeastside
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Re: Main Street + Olympic Village is the new West End

Sat Feb 28, 2015 5:10 am

Tons of Vacancy in the West End , people are leaving for other neighborhoods , the Olympic Village area being 1 of them.., not many esl students come to vancouver anymore , and not many working holiday visa visitors come to vancouver anymore due to lack of opportunities ..
also lots of Vacant stores and 'for Lease' signs in the Olympic Village area

im sure somebody will buy the expensive houses in Vancouver, but i have never met a wealthy person that would waste their time in a bland backwater like Vancouver
 
hockeyfan
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Re: Main Street + Olympic Village is the new West End

Sat Feb 28, 2015 2:11 pm

Main and Broadway does not have any parks or close proximity to the seawall.

Olympic Village is developing into a great neighbourhood, restaurants are opening, creekside park expansion, seawall, close to downtown, future street car service, community centre, etc.

Olympic village will be one of vancouvers premier condo neighbourhoods in a few years.
 
red_lantern
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Re: Main Street + Olympic Village is the new West End

Sun Mar 01, 2015 12:04 am

Olympic Village - much better than yaletown but enough already with the coffee shops and craft beer places! A great retail idea would be another market (i.e.: choices, nesters, Kins Farm Market, or heck even a safeway)! More take out places (Ie: Thai, Indian, Pizza, etc). Also, a decent doggy daycare back in the area (i.e.: Barking Babies).
Also, the city should develop under the cambie bridge, either a nice grassy park or homes for people, not coyotes!!
 
hockeyfan
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Re: Main Street + Olympic Village is the new West End

Sun Mar 01, 2015 1:05 am

I agree the area needs another market and a pizza restaurant, a thai restaurant is opening beside the flying pig. Pet smart is located on 2nd ave in the maynards block but a doggy daycare would do well I'm sure. More retail space is opening up when pinnacle and executive finish there current projects.
 
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Re: Main Street + Olympic Village is the new West End

Sun Mar 01, 2015 9:47 pm

The changes west of Main from Terminal to Broadway have been amazing. Took my kids & mother-in-law for a walk from Quebec/7th to Science World/sea wall and around path to casino area. They loved it. Paths were packed w people.
 
tedeastside
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Re: Main Street + Olympic Village is the new West End

Mon Mar 02, 2015 3:13 am

yeah Science world = Sydney Opera House and Cambie bridge is on par with the Golden Gate bridge

your money is better spent in a real city not some sleepy hockey village like vancouver
 
jimtan
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Re: Main Street + Olympic Village is the new West End

Mon Mar 02, 2015 7:57 am

South False Creek has a lot of potential. There's vacant land around the Concord Pacific office. Build a large pseudo shopping 'village' as favored in the States.

http://www.thegrovela.com/tourist_information.php


There could be a light rail linking Granville Island, Canada Line (Olympic Village), Olympic Village, the Concord Pacific 'village', Expo Line (Main Street and Chinatown), Chinatown and Yaletown. Exciting!

Will it be done?

Looks unlikely based on the inability to build essential infrastructure like the Broadway line.
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red_lantern
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Re: Main Street + Olympic Village is the new West End

Tue Mar 03, 2015 12:38 am

A street car would have been nice, would have created a kind of portland vibe to the area with all the craft beers, water and condos in a trendy light industrial area just across the way but its' too bad that won't happen, not in our lifetime most likely. There's talk of Translink putting in a station on Great Northern Way to link Clark Drive to the new University but I doubt that's gonna happen anytime soon either. Would be nice to see more retail and live/work spaces along Great Northern Way and Industrial Avenue.
 
Geyser
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Re: Main Street + Olympic Village is the new West End

Tue Mar 03, 2015 1:56 pm

I used to think that the Olympic Village had the potential to be really nice, but a recent visit convinced me otherwise. Olympic Village Square could have been beautiful, but it looks a lot like a Soviet era socialist housing development and has the same vibe, complete with lots of shabby pedestrians, barking dogs and unruly children.

Vist that neighbourhood and then check out Coal Harbour. See the sadly missed opportunity? Pity. :|
In fond memory of Taipan, a model of modesty, decency, dignity and tolerance. Long may we all prosper from the tremendous legacy of worldly wisdom and specialized real estate knowledge which he left in the "Arguments" thread.
 
jimtan
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Re: Main Street + Olympic Village is the new West End

Tue Mar 03, 2015 2:22 pm

Will False Creek get flooded by rising sea levels and intense storms?

The Thames Barrier shows what a little investment with simple technology can do.

“... There were no flood alerts for the part of the river that flows through London. That stretch is protected by the Thames Barrier, a series of giant metal gates downstream of central London that can be closed against tidal surges. By holding back the tide, the barrier also creates more space in the river for excess water from upstream to flow down to the sea.

England has had its wettest January since 1766. Its southwest coast has been battered repeatedly by storms and a large area of the low-lying Somerset Levels in the southwest has been under water for more than a month.

The disaster has sparked a political storm, with the Prime Minister David Cameron's Conservative-led government facing criticism from many residents for allegedly failing to dredge rivers and take other flood-prevention measures....”

http://www.aol.com/article/2014/02/10/r ... /20826723/

False Creek could be protected by a barrier under the Burrard Bridge. Closing the barrier for high tide and storm surges.

Can't do that for the mighty Fraser River because of the width and the amount of commercial shipping. Ditto for exposed communities on the coast.
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Geyser
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Re: Main Street + Olympic Village is the new West End

Tue Mar 03, 2015 2:46 pm

False Creek could be protected by a barrier under the Burrard Bridge. Closing the barrier for high tide and storm surges.
Yeah, that'll happen. :lol:

Hey Jimmy, at least your an optimist. :lol:
In fond memory of Taipan, a model of modesty, decency, dignity and tolerance. Long may we all prosper from the tremendous legacy of worldly wisdom and specialized real estate knowledge which he left in the "Arguments" thread.

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