City orders luxury condo to return 6,000-sq.-ft. common area claimed by penthouse owner, Terry Hui
A 6,000-sq.-ft. space on the second floor of a luxury condo building in Yaletown that had been the “exclusive” domain of the penthouse owner — Concord Pacific president and CEO Terry Hui — should be allowed to be enjoyed by all residents, according to a City of Vancouver order.
But it is unclear if this order will bring an end to a dispute that has dragged on for years.
The building in question, The Erickson, is a 17-storey building with 60 units on northern False Creek’s seawall where the most expensive unit, the penthouse, is currently assessed at $16.5 million and a fifth-floor unit is listed asking $5.3 million.
The development permit originally submitted by Concord and approved by the city for The Erickson showed the vast space on the second floor as a common amenity area. But when the strata plan was later filed with the land title office after the building was completed in 2010, the area was designated for the sole use of the penthouse owner.
The space is partially finished in marble and currently vacant. There is a reception area and spaces for a theatre and other rooms. An elevator, that is not commissioned, would run from the parkade to the penthouse with a stop to this second floor, private 6,000-sq.-ft. lobby area, according to strata president Michael Farmer.