[anonymous0024]

St. Paul's Hospital is planning to move out of their current location and redevelop this massive site (Terminal and Main area). It would free the entirety of the block where they're currently at, between Burrard, Comox, and Thurlow, for redevelopment (though the red-bricked part of the building facing Burrard is heritage protected, so should hopefully be retained).

The plan is still being finalized, with construction not expected to start until 2017 (for a 2021/2022 opening). Vancouver Sun article with all the details.

Screen grab of the tentative site plan, from the video in the article:

 

[Roundabout]

Scale models from the open house last night.

 

[Roundabout]

Current St. Paul's Hospital site sells for close to $1B: https://www.cbc.ca/news/canada/british-columbia/st-pauls-hospital-site-sold-nearly-billion-1.5683875

 

[officedweller]

From April 2015 with a map of the viewcone:

http://www.vancouvermarket.ca/2015/04/13/how-much-is-the-st-pauls-hospital-site-worth/

How Much is the St. Paul’s Hospital Site Worth?
...

First, an overview of the site:
Site Area: 292,235 SF, or 6.7 acres
Existing Zoning: DD – Downtown District (Sub Area G)
Permitted Density: 6.0 FSR (office not to exceed 5.0 FSR), or 1,753,410 SF (under current zoning)
Allowable Height: 300 ft (with discretionary increase to 450 ft)
View Cones: View cone C1 (Laurel Landbridge to the Lions) bisects the site as depicted below and likely limits much of the site to at or near the 300 ft. limit (30-storeys for residential)
Current Tax Assessment Value (Land Only): $465,004,000

Rezoning potential is unknown at this stage, but the current zoning would appear to support a residential/mixed-use development up to 1.75 Million SF. A preliminary valuation based on this cursory highest and best use analysis yields the following value:

Based on existing zoning

292,235 SF x 6.0 FSR x $250 per buildable SF =

$438,000,000

Now, if the site were rezoned to say 10.0 FSR, with a Community Amenity Contribution or social housing component:

Based on rezoning to 10.0 FSR

292,235 x 10.0 FSR x ($250 per buildable SF less $75 per SF CAC) =

$511,000,000

http://www.vancouvermarket.ca/2015/04/13/how-much-is-the-st-pauls-hospital-site-worth/

 

[SlimHustla]

New renders for the project.
The excavation should start in late 2021.
Will be fun.

 

[SlimHustla]

 

[Roundabout]

Thanks for the update @SlimHustla

 

[Roundabout]

Updated renderings

:

 

[Roundabout]

 

[Roundabout]

Streetscape elevations:

 

[City Of Rain]

2022 - Vancouver - New St. Pauls Hospital Site - 20 by Ted McGrath, on Flickr

 

[officedweller]

Pic by a friend yesterday:

 

[officedweller]

Pic from a friend of mine today:

 

[Roundabout]

@officedweller keep 'em coming!

 

[officedweller]

Pic by my friend today: