Status of proposed condos at NE 20th and Alberta

Hello Everyone:

It has has been a while since you received an update re the proposed condos on Alberta at 20th.

Since the developer decided in January to pursue a smaller building, there has been nothing to update until now. There have been two developments.

First, it appears that the developer attempted to swap square footage rights with another project somewhere in town in order to get around some square footage restrictions in the Community Design Standards. It is unclear if this FAR swap was successful.

Second, according to the Bureau of Development Services planner assigned to this project, the development is "being stalled due to financing concerns." That is the extent of the information provided today.

And, it appears the neighborhood association and the surrounding neighbors will have to be notified again when and if this development moves forward.

Thanks.

John Fall
Land Use Chair, Vernon Neighborhood Association