Yaletown

December 1, 2009

 

YOU ARE HERE

Since its transformation from outmoded warehouse district into playground for the wealthy (and their little dogs), Yaletown has endured constant dispute about its boundaries. If you inhabit a live/work space above the Mini dealership on Hamilton Street, say, you’re liable to believe that Yaletown proper is only the few blocks of brick sidewalk marked “Yaletown” on the map below. And indeed, there’s a sizable difference in income between those residents and their North False Creek neighbours. True-blood Yaletown is home to only 1,000 happy souls, though the last census uncovered 4,700 jobs in the same area. Most folks who claim to be Yaletowners actually live some distance from the neighbourhood’s heart, which we can peg as the front door of Blo salon. The towers and waterfront that stretch beyond are mono-cultures, though, and use Yaletown proper as their shopping and dining trough. We predict the broader neighbourhood will usurp the Yaletown title by 2012. This new mega-Yaletown might also include the swath of undeveloped land east of B.C. Place—though not before those now-barren acres serve as Concord Place, a fairground for Olympic pavilions. –Pat Richardson

 

 THE BUYER | FRANCOIS PELADEAU 
 After 16 years in Calgary’s oil business, Francois Peladeau, 41, was ready to retire from his commute-heavy lifestyle and head west. Now that his partner has been transferred to Vancouver, Peladeau has turned his dreams of strolling to restaurants and cafés in mild weather become a Yaletown reality

THE HOME | 876 Hamilton St. $575,000

THE REALTORS | Blair Smith of Royal LePage City Centre

THE SEARCH
Six trips to Vancouver; 20 listings; three months. One great condo. Their first experience in the Vancouver market was being outbid by $9,000 on a place in the West End. "Then finally everything just fell into place." The couple move in this month.

THE PLACE
1,158 square-foot corner unit with two bedrooms, two bathrooms, a solarium, and shaded balcony views of Grouse Mountain and Coal Harbour. The whole shebang is up for re-painting, and the galley kitchen and bathrooms are first on the block for renos. The deal sweetener: two parking spaces.

THE NEIGHBOURHOOD
Location is all. He's going to be nabbing croissants with strawberry jam at nearby Boulangerie La Parisienne, picking up flowers at Divine Vines, and grabbing his groceries at Urban Fare. All within steps of his front door. "Plus, this place will be just fabulous during the Olympics." If he chooses to escape the chaos, he's just two blocks from the area's new Canada Line station.

 

EATING + DRINKING

 

REGIONAL TASTING LOUNGE Take your champagne flute of Blueberry Fizz ($6, and utterly charming) to the back of the Regional Tasting Lounge and pull on the vintage volume of Dickens on the decorative bookshelf. Presto—the books slide away to reveal a secret room, complete with pimp-white couches and a private sound system with iPod dock. How very clever.
1130 Mainland St., 604-638-1550

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