I’m not personally qualified to determine whether or not this proposal is realistic, but Westbank Corp. certainly is.This extremely experienced developer is in a 50/50 partnership with the Squamish Nation band on this proposal.The proposal needs approval by the Squamish Nation members.
Once that happens, there will need to be some agreement with the City of Vancouver regarding extending roadways and services to the property.Once this is done, it is only a matter of financing.I am assuming that Westbank would not be involved if they thought this wasn’t possible.
The lengthy design and permit procedures commonly required to develop high rises in Vancouver will not apply here, because the Squamish Nation is autonomous on its own land.
Yes.You can build anything fast & cheaply.Look at the way some of the buildings at the Olympic Village site near Cambie and 2nd were thrown up, and were immediately having fit & finish issues, even while the athletes were still competing!
I would hope they’ll want to build LEED standard buildings that will last and be desirable to live in.But – they may not even be restricted by the same building codes & environmental regulations that the rest of Vancouver is.And since it’s on “Band land”, building next to the water is going to be less restrictive for their construction teams as well.
There is a great opportunity to build some unique buildings that showcase their unique location.I really hope they’ll make the most of it!