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The Olympic village sales strategy: Rennie

November 30th, 2010 · 9 Comments

Trying to get a struggling real-estate project to start smelling like a rose again is one of the more difficult jobs in marketing. The Olympic village hasn’t suffered from just cost overruns and being built on an incredible timeline and some tussles with the city over design and green stuff.

It’s also become everyone’s favourite political football, the subject of talk shows and columns and blogs. Other projects in this city have struggled and changed direction as the recession squeezed them. But they got to do it under, mostly, the comforting shadowy place out of the limelight. The village never has had that chance. Elements of the village that are present in many, many other projects around the ctiy suddenly became the subject of controversy.

In spite of that, Bob Rennie and the receiver are going to try to make the village start smelling sweet again, as he details here.

I wish them well. I was down at the village last night (a lovely night for a visit, with a southeast gale blowing and persistent fine rain falling) with my SFU housing-policy students and housing professor David Hulchanski, visiting from the University of Toronto. Every time I walk down there, I’m struck with (mostly) how beautiful it is.

The parks are designed with meticulous attention to detail and are oases of visual pleasure in the middle of buildings. I love the feel of the buildings: the way they frame spaces and streets. And I like most of the materials, not awful glass, glass, glass like we see everywhere else, but limestone and chartreuse fritted glass and deep charcoal panels highlighted with brilliant orange rectangles. They feel like real buildings.

(I also acknowledge that my superficial self is deeply drawn to the German cabinets in the presentation suite.)

The plaza is like nothing else we have in the city, a European-style square lined with porticos at the base of buildings that are exactly proportion to make it feel enclosed. It has the view I like the most in the city, not just of the glassy downtown spires across the water, but the low bulk of Chinatown, our historic city. Even the increasingly spider-monster roof on BC Place looks attractive, its giant girders a work of art against the glass.

(NB. I actually think those roof girders are a startling blight on the city skyline, something that has ended up being nothing like what people thought they would be, but it’s a testament to the view from the plaza that they’re softened.)

The only building I really don’t like is the Arthur Erickson one, which looks like stacked sardine cans and seems kind of squashed or stunted as well. But it’s out on the edge, so I can ignore it. (Bob R. has to hope everyone doesn’t feel the way I do, since those are the biggest, most luxurious and most expensive suites.)

Well, someday it will be a jewel. I understand the next development on the city’s land built to the west will likely be more modestly priced, perhaps with some ground-oriented artist studios along the narrow streets. Maybe some of us will actually be able to afford to live there.

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  • gmgw

    Enjoy that view of the “low bulk of Chinatown” and the mountains beyond while you can, Frances. It will be obliterated once the Aquilinis start building their wall of towers. Not to mention the additional towers that will be erected should Geoff Meggs get his wish to demolish the Georgia viaducts. Anyone thnking of buying in SEFC for the view ought to think twice.
    gmgw

  • Tessa

    It will be a jewel in the same way most large jewels are reserved for the rich upper classes as status symbols to differentiate themselves from those who aren’t fortunate enough to be in their position, except that most jewels aren’t subsidized by taxpayers.

  • Sean

    10 years from now the Olympic Village area will be full of people and the city will have gotten most, if not all of its money back.

    Despite all of the bad press its getting, the problems surrounding really aren’t that huge compared to some other Olympic boondoggles.

    This too shall pass.

  • Roger Kemble

  • Roger Kemble

    I was down at the village last night (a lovely night for a visit, with a southeast gale blowing and persistent fine rain falling) with my SFU housing-policy students and housing professor David Hulchanski,” (Huh! He was my housing prof!) “ visiting from the University of Toronto. Every time I walk down there, I’m struck with (mostly) how beautiful it is.” Yeah and God bless . . . I’m with you all the way Frances, Beautiful.

    Pitting VV against NPA is the old ruse: divide and conquer. An old game that has turned us against each other and has made us into donkeys http://revolutionarypolitics.tv/video/viewVideo.php?video_id=13248 since time immemorial.

    As for blaming the social: that is not an unusual West side Vancouver trait: mean spirited and vindictive. It was part of the Oly conditions.

    If you wish to be safe from thieves live next to them. They will not foul their own nest. I know!

  • MB

    It is highly ironic that the Village is currently in such trouble while the directly adjacent new developments are cranking away at top speed. SEFC is undergoing a building boom, but the Village as it sits today is a place of quietude.

    Michael Geller, in just the last article, outlined how a lack of animation of the site may have contributed greatly to its knock as a dead zone. Others, like myself, really like the urbanism and feel it will be animated naturally in a fairly short period of time, not just by renewed sales and commercial activity, but by the evolution-on-steroids of the surrounding neighbourhood.

    Then we also have a major park development to the west that will draw even more people, and eventually a streetcar that will hopefully connect to major destinations. The seawall is yet another important connection to the city that draws people by the thousands.

    I’m with Sean in saying that the unusual quietness of the Village will pass.

  • Tiktaalik

    In this Globe article about how the new Waldorf may bring revitalization to that area of E Hastings, there’s an interesting bit about Rennie’s recent sales:

    “Mr. Rennie has sold 802 condo units in the past 22 weeks in other parts of the city – 85 per cent of them for less than $500,000.”

    http://www.theglobeandmail.com/news/national/british-columbia/as-hotel-becomes-newly-hip-so-too-goes-the-neighbourhood/article1821355/?cmpid=rss1

  • Lewis N. Villegas

    To our blog host—kudos on the analysis of the visit to the OV. Walking the site is the right way to get the site.

    This is one of the few public squares in Vancouver. I walked past another one yesterday, Cathedral Square, and Humfped.

    We don’t disagree on the proportions—I defer until we get a measurement. But I disagree with the scale. It borrows too much from Leg-in-the-Boot-Square. It gets it right to allow vehicular access, yet not right enough to make it feel safe for a 2.5 year-old. Even an older sister has to be constantly reminded of the ever present threat. That “gas” station for the electric cars? Ship it over to Science World. And the light show in those “things” that look like hai jali bats dulls the boredom of the empty space at night. However, the two kiosks that stand at the north end—which I presume drive the electronics—those giant ugly box-things gotta go! Kids will just have to find another spot for hide-and-seek.

    The real success of the square is that it is fronted by a secular cathedral. The Salt Building—if you like this brand of re-use—is the gem of the place. The rest of the architecture is much less so. Those orange squares on a grey building remind me that we did not learn colour theory at UBC architecture—you had to do interior design at BCIT to get that. And it shows.

    However, the real push and pull for the OV Square awaits the opening of the commercial cathedral on the eastern flank, the London Drugs store. In a building type that is accustomed to front a parking lot (Victoria and 41st, Kingsway at Joyce), it smacks of Daredevilism to give a chain store our most gem-like square.

    The damn fiber glass birds, that can’t be seen from either Skytrain or the Cambie Street bridge, chirp out at the level our cultural engagement of civic art has dipped to. Too bad they don’t fly around and poop down at every quarter of the hour–that might have given the “steam” clock in Gastown a run for the tourist dollar.

    Finally, I couldn’t disagree more with your assessment of the Ericson-Milkovich building, though by referencing the leaning “stack of sardine cans” Frances has deliciously coining a “Very False Creek” metaphor. Canneries after all are very much of this place.

    What our host is failing to factor in are a number of issues that can only be had by peering around. One was visible from Skytrain—the taller building is on the west, shielding the shorter building from the sizzling afternoon sun that other slabs around False Creek suffer with.

    I would also not wager against the quality of the design of the units themselves. We forget in the age of icons and starchitects that architecture is ultimately about the expression of space. Nick and his old boss are very old hands at that… but, one cannot go further without experiencing them. Bob Rennie will not have trouble selling these. Architecture after all is above all else private art.

  • John

    Spider-monster roof? I thought it was called King Campbell’s Crown.