Current Exhibit: BienVenue: 2010 Games Architecture

Posted by: Architectural Institute of British Columbia

February 10 – March 1, 2010
AIBC Gallery: #100 – 440 Cambie Street, Vancouver

The Architectural Institute of British Columbia presents a unique exhibit from February 10 to March 1, 2010. Designed to coincide with the 2010 games, this exhibit will showcase the innovative work of B.C. architects and firms involved in designing competition and non-competition venues.

The AIBC Gallery is free and open to the public Monday to Friday, 8:30 a.m. – 5:00 p.m.

Click here to view a slideshow of current project submissions.

B.C. to be No. 1 province in Canadian economic growth: Conference Board

OTTAWA — Olympic spinoffs and an improved outlook for forestry and manufacturing will make British Columbia the leader in economic growth among Canadian provinces in 2010, says the Conference Board of Canada.

B.C. will post growth of 3.7 per cent over the year, while renewed American auto demand will help Ontario surpass the national average for the first time in nearly a decade with growth of 3.5 per cent, the board said in its Provincial Outlook — Winter 2010, released Monday.

B.C. will also benefit from an estimated $770-million boost to the economy from the Winter Olympic Games.

“The recovery in Central and Western Canada began to take shape in the last few months and will continue to do so through 2010. In fact, all provinces are expected to post positive economic growth this year,” said Marie-Christine Bernard, associate director, provincial forecasting.

Government stimulus spending in the U.S. and Canada will be the main driver, before a recovery in the private sector begins to take hold in the latter part of 2010 and into 2011, the report forecasts.

Household spending, aided by a recovery in labour markets in the second half of 2009, will also be a strong contributor.

Housing is expected benefit from that, pushing up residential construction investment by 4.7 per cent. Commercial construction however, will post barely positive growth after companies hurt by the economic downturn slashed investment in structure.

The board described Canada’s near-term outlook as “surprisingly strong,” and predicted national growth will total 2.8 per cent.

“This year,” the board said, “a modest recovery in U.S. auto sales and housing starts will provide a long-awaited rebound in exports of autos and parts, and of lumber and other construction materials,” boosting the economies of Ontario and B.C., respectively.

Saskatchewan and Alberta will also benefit from a resurgent energy sector and recovering global demand for potash, with both provinces expected to see economic growth of 2.5 per cent this year.

Quebec’ recovery from recession is expected to be more gradual — an estimated 2.2 per cent pace in 2010 — as it wasn’t as hard hit as others during the downturn.

Newfoundland and Labrador will lead the Atlantic provinces at 2.4 per cent growth, fuelled by additional offshore oil investments and the return to normal production at the Voisey’s Bay mine. The rest of the Atlantic Canadian provinces will post growth under two per cent.

• Forecast growth for 2010:

British Columbia 3.7%

Ontario 3.5%

Alberta 2.5%

Saskatchewan 2.5%

Newfoundland and Labrador 2.4%

Quebec 2.2%

Manitoba 2%

Nova Scotia 1.9%

Prince Edward Island 1.9%

New Brunswick 1.7%

Canada 2.8%

Source: Conference Board of Canada

© Copyright (c) Canwest News Service

Mayor’s laneway-home championship not echoed at city hall

Before he announces another ‘first,’ Gregor Robertson might want to review the permitting process.

Have you ever noticed that some elected officials and the funding sources of their pet projects occasionally claim -to great fanfare -that they are the first to accomplish something, even though someone else has already accomplished the same thing?

Last week, Vancouver Mayor Gregor Robertson was among federal officials and project partners who presided at the unveiling of West House, a 610-square-foot demonstration laneway house located temporarily at Vancouver House, part of the LiveCity site in Yaletown. The builder was Vancouver-based Smallworks, a longtime and respected proponent of laneway housing.

“Today we open the door to the future of eco-friendly construction and design,” said a beaming Robertson at the obligatory ribbon-cutting ceremony.

The news release from Western Economic Diversification Canada -the folks who cut the largest cheque for West House -noted the laneway house features a combined living/dining/ kitchen area, bathroom, loft bedroom and a garage with electric carcharging outlet. The home has solar collectors and showcases clean energy and B.C. technology.

The release boasted the exhibit is Vancouver’s first completed laneway house. Oh, really?

Exactly a year ago, at the B.C. Home and Garden Show, the Greater Vancouver Home Builders’ Association presented a completed laneway house -the Laneway Loft House. It had a combined living/dining/kitchen area, bathroom and loft bedroom. It had solar collectors and carport with carcharging outlet. The home showcased clean energy systems and B.C. technology. Sound familiar?

Perhaps the only major difference was the Laneway Loft House sported an eco-friendly green roof, similar to the roof on the new convention centre. The feature home, which was positioned in a landscaped setting that replicated a typical Vancouver backyard, was a hit with the media and showgoers of all ages. Nearly 60,000 people toured the home during the five-day show.

The builder of the innovative laneway house at the home show? Why, Smallworks, of course.

I asked Smallworks principal Jake Fry to construct the demonstration home at the home show to draw attention to the need to allow more laneway houses -otherwise known as coach houses, granny flats, etc. -in Vancouver and other municipalities throughout the Lower Mainland.

Laneway houses provide affordable, comfortable and safe accommodation for a range of age groups -from young singles or couples who want to remain in the neighbourhood in which they grew up, to seniors who wish to live independently, yet mere steps from family caregivers and grandkids.

A month before the home show opened in BC Place, I mailed a letter to Mayor Robertson and city council, inviting them to a private viewing of the laneway house. Although city hall is a short stroll from BC Place, which fits in nicely with the mayor’s green agenda, the only person from city hall to show up was Coun. Heather Deal. No other councillors, and no mayor.

Anyway, that 2009 opportunity lost, let’s revisit the aforementioned news release, in which Robertson was quoted as saying: “By supporting laneway housing in Vancouver, we’re helping to increase options for affordable housing and at the same time, establishing our city as a centre for excellence for green-building design and construction.”

Here’s the thing. Despite the mayor’s public and laudable support for laneway houses as an affordable-housing option, builders are finding the approvals process onerous -and extremely costly.

Fry tells me his permit fees are running at $18,000 per laneway house, a costly burden on the homeowners. He says sewer and water hookups alone cost $13,000 because city crews have to break up sidewalks to run new lines. He wonders why basement suites can hook up to existing sewer and water lines, but not laneway houses.

“I am concerned the families which most need these homes will be unable to afford them because of the city fees,” said Fry.

Fry also questions why BC Hydro charges him from $1,500 to $2,700 for a laneway house, when a normal hookup fee is about $400. “BC Hydro insists on 200 amps when a laneway house can be run on only 60 amps. They, of all people, need to recognize the benefits of green technology,” he said.

In September, a BC Hydro spokesperson said the cost to hook up a laneway house could be as high as $20,000, a position from which the utility has since backed away. The process remains quite expensive, nonetheless.

Fry’s concerns are shared by a prominent contractor who requested anonymity out of fear of being placed in the building-permit penalty box by the city. The contractor’s costs for a laneway house have escalated significantly. The culprits are red tape and fees.

Since June, the contractor has had more than 25 meetings with city staff, and the total fees from the city and BC Hydro have accounted for a whopping 34 per cent of the project cost, all of which is added to the homeowner’s bill.

Clearly, if policy-makers are serious about rolling out the green carpet for laneway houses, they must start by slashing the red tape.

Peter Simpson is the chief executive officer of the Greater Vancouver Home Builders’ Association. E-mail peter@gvhba.org.

By Peter Simpson, Special to the Sun
February 20, 2010
© Copyright (c) The Vancouver Sun

Vancouver’s Olympic Spirit is Alive and Well

Unless you’ve been living under a rock for the last two weeks, it would’ve been hard for you not to have been touched by the Olympic Spirit in one way or another. Whether it be that special fuzzy feeling during the Torch relay as it went pass your community, to the undying human spirit you felt when mogul skier Kristi Richards stood up and looked at the crowd after her crash, to the Mardi-gras party feeling that overflows on the streets of downtown every night, the Olympic magic is everywhere.

Although we won’t really “own the podium”, our metal counts are on target to be the best yet. But what I am most proud of is how good of a host our city has been. The whole olympics is very well organized and there is no shortage of visitor hosts anywhere you go. With all the talk about expensive hotels and event tickets, my fear leading up to the games was that this would be an overly commercialized Olympic and that the masses will be stuck with experiencing the Olympic spirit through their television tubes. Yes, it is commercialized and yes, the Opening Ceremony tickets really do costs $750 each, but a nice surprise was how accessible these games have been; from the extensive torch relay which touched more communities than any other Olympic to date, to all the great free sites and events around town. My hat goes off to you Vanoc, and thank-you for giving us a reason to shout-out our otherwise quite patriotism.

To all the Olympic naysayers out there, how can Vancouver not advance for the better after all this world attention on us?February 2010 will always be remembered as the month when Vancouver proved to the world that we are the world class city that people have rumored us to be. Whether it’s the beautiful warm weather that we had as the rest of Canada and USA are buried in snow or the serene experience of majestic mountains and ocean as you drive to Whistler, or the great hosts in all the well organized events and pavillions, these all create great memories for our visitors. Like an enticing love affair, they will go home with a longing to come back in the near future, either to immigrate or to invest here. In fact, it is estimated that the Olympic spinoffs for BC and Canada is worth 770 million dollars.

Like most people, I’ve been busy going around town to experience all the great events. I don’t remember Vancouver to be ever like this and I truly feel like a tourists in my own town. It definitely gives a new meaning to a “Stay-cation”. I’m proud as ever to be Canadian and I’m even more proud to be living in Vancouver.

The Vancouver Olympics: A quick take on architecture and design

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Here’s a nicely-illustrated, clearly-written guide to architecture and design at the Vancouver Games, which start tonight. It covers everything from the skating arena (left) to medals, podiums, buses and retro closing-ceremony outfits (by Ralph Lauren, natch) for American athletes.

The conclusion reached by fastcompany.com’s Cliff Kuang: Vancouver won’t be a design extravaganza on the order of the London Summer Games in 2012, but there will still be plenty of design on display. And some of it looks very handsome.

Chicagoans still mourning the city’s blowout loss in its bid for the 2016 Summer Games may not want to read this.

Posted by: Blair Kamin, Chicago Tribune
February 12, 2010

New federal financing rules announced Feb. 16, 2010

This morning, the federal government announced the following changes to the rules for government-backed insured mortgages:

  • All borrowers must meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term.
  • The maximum amount Canadians can withdraw in refinancing their mortgages will be 90 per cent of the value of their homes.
  • The government will require a minimum down payment of 20 per cent for government-backed mortgage insurance on non-owner-occupied properties purchased for speculation.

The adjustments take effect April 19, 2010. Exceptions would be allowed after April 19 where they are needed to satisfy a binding purchase and sale, financing, or refinancing agreement entered into before April 19, 2010.

The federal government news release can be found at http://www.fin.gc.ca/n10/10-011-eng.asp while the backgrounder can be found at http://www.fin.gc.ca/n10/data/10-011_1-eng.asp.

GVHBA CEO Peter Simpson is already responding to the media with the concern if homebuyers perceive this as a barrier to home ownership, then this measure, coupled with a potential mid-year increase in interest rates, and the implementation of HST on July 1, could create the “perfect storm” of buyer resistance.  Peter told the media that GVHBA has always encouraged homebuyers to purchase homes within their means.  He also advised the media it is puzzling the Finance Minister would implement such measures when he believes there is no housing bubble.

FEEDBACK PLEASE

We estimate you will now need to earn an extra $20,000 in income annually to qualify for a mortgage to buy a new, single-detached home in Metro Vancouver.  We have varying reports on what are the appropriate down payment, amortization, and interest rates to use for calculations.

We are also concerned with the third initiative to require 20 per cent down on investor condos.

In order to most effectively respond to the federal government we need some feedback on the level of deposits currently being required in today’s market and your general reaction to today’s announcement by the federal government.

Please provide your feedback to me at amy@gvhba.org or 604-565-4288.

Posted by:
Amy Spencer-Chubey, BA l Director of Government Relations
Greater Vancouver Home Builders’ Association

#1003, 7495 132 Street l Surrey, BC V3W 1J8

Foreign buyers drive luxury real estate in Vancouver

Posted by the National Post
Published: Friday, February 12, 2010

“Foreign buyers are the primary force behind luxury real estate in this city,” says Manyee Lui, luxury home specialist with Macdonald Realty in Vancouver. In fact, the rate of Metro Vancouver luxury home sales in the second half of 2009 was almost double that of 2008, the Greater Vancouver Real Estate Board says. In Victoria, 12 homes over $3-million sold in 2009, up from seven in 2008.

Vancouver’s luxury buyers are from the U.S., Europe, Australia and Russia, but mainly Asia – increasingly, mainland China.

Macdonald Realty’s Dan Scarrow says “75% of my buyers are from mainland China, and they represent just the first wave of mainland immigration.” They buy in B.C. for the solid investment, the school system and proximity to business ties back home.

The Scarlet – Cornwall’s New Eco Design Hotel

The Design Hotels Group has opened its flagship eco-hotel The Scarlet on the Cornish coast in Mawgan Porth, blending stunning architecture and interior design, with the highest environmental standards seen in any hotel in the UK.

Read more about this article here.

Posted on February 15th, 2010
O2UK – the UK’s Sustainable Design Magazine

Small-space residency has a big history

Size does indeed matter. Just ask the Surrey homeowners troubled by the 4,000-plus-square-foot home overshadowing their rancher. Or the folks who can’t wait to move into a 270-square-foot rental in East Vancouver.

The former is viewed by municipalities, proponents and opponents as a rather prickly issue that is not easily resolved. The latter has generated much to-and-fro discussion ever since a developer issued a news release heralding his 30 micro-suites as “the smallest self-contained rental apartments in Vancouver.”

The new boys on the Burns Block in the Downtown Eastside are anything but newbies.

The developer, Reliance Properties, is a privately owned Vancouver company with more than 50 years experience in Vancouver’s real estate market. In the past decade, Reliance has built about 300 rental lofts in Gastown and the Downtown Eastside, and has won several heritage awards.

Reliance’s project partner, ITC Construction Group, is the largest residential construction company in Western Canada and has completed 115 projects in B.C. and Alberta. ITC has been selected as one of Canada’s best-managed companies for six straight years, and is committed to corporate social responsibility.

Not a bad partnership handling the makeover of a 100-year-old, five-storey, 18,000-square-foot building. As a former board member of the Vancouver Heritage Foundation, I can tell you the once-abandoned structure promises to be a polished heritage jewel when work is completed next year.

The suites will offer a space-saving wall bed with built-in, flip-down dining table. The kitchen will include a bar-size fridge, two-burner cooktop, sink, convection microwave, countertop and cabinets. The bathroom will have a shower, sink and wall-hung toilet. A computer work area will have space for a wall-mounted TV. A large window will take up almost the entire space on the exterior wall.

Monthly rents will be as low as $675, reasonable in a city just pegged by a public-policy research group as the most unaffordable in the world. (The group’s assumptions and conclusions are considered somewhat flawed by some industry watchers, but that’s a story for another day.)

Despite the need for more affordable housing in this region, the project has its detractors. As soon as media outlets posted the story on their websites, comments from the public quickly followed.

One fellow wrote that living in such a small apartment would be akin to occupying a prison cell. Perhaps he has claustrophobia issues but, for the record, the average prison cell built today is a cosy 70 square feet. Another guy said he wouldn’t last more than a few months in a 270-squarefoot apartment.

Here’s the thing. The Burns Block concept is not new, far from it. So all this naysayer chattering about some newfangled housing form coming soon to Lotus Land-by-the-Sea is a tad bothersome.

Tiny homes exist all over the world, and the folks who live in them are quite happy and content.

Take, for example, Californian Jay Shafer, who for more than 10 years has lived in a 96-square-foot home complete with galley kitchen, bathroom with shower, seating, desk, bookshelves, closets and fireplace. The home is easy to heat and cool, and meets California’s strict energy-efficiency standards. I don’t know Shafer’s significant-other status, but his sleeping loft accommodates a double bed.

New York is home to the Prokops and their two cats. Compared to Shafer’s home, the Prokops’ Manhattan coop apartment is mansion-like at 175 square feet. They have given new meaning to the term “downsizing”, starting out with a 1,600-square-foot apartment, then 900, now 175. The married couple plan to renovate their home this year, a process that likely won’t break the bank or take much time.

Worldwide, the story is the same. Los Angeles is home to a growing number of small-unit condos and apartments, including the Rosslyn Lofts in the historic downtown. The 297 rental apartments range in size from 200 to 325 square feet. The homes add to the variety of mixed-income housing, which helps to attract a diverse group of tenants, enhancing the vitality and diversity of the downtown area.

Small is also big in Santa Monica, where space-efficient 375-square-foot apartments in a central location close to amenities are popular with renters. And in Edinburgh, Scotland, renters are flocking to 350-square-foot contemporary concrete-and-steel apartments, complete with balconies overlooking green space.

In Toronto, the city’s smallest detached home, built in 1912, is only 330 square feet. It even has a backyard.

In 1990, Gordon Price lived for a month in a 290-squarefoot apartment at Drake and Seymour in downtown Vancouver because he wanted to see if such a small space was livable. Turns out it was.

“The apartment was absolutely livable for me. If the space is designed and proportioned to both day and night uses, it will be perfectly fine for all functions. In my case, the apartment’s Murphy bed tilted up in the morning, replaced by a dining room table for the rest of the day,” said Price, a former Vancouver city councillor and now the director of the Simon Fraser University City Program.

“It is important the apartment remains uncluttered, and the furniture is appropriately designed for the space. And you need lots of natural light, preferably from a floor-to-ceiling window,” said Price.

“People who live in small spaces typically spend more time in the public realm -making use of parks and other amenities, eating in restaurants, that sort of thing. Because they spend so much time away from their apartments, it is important that their neighbourhood is clean, green and safe,” said Price.

Tom Durning of the Tenant Resource and Advisory Centre is always happy to see an increase in the production of affordable rental units, particularly in Vancouver, where supply is tight and costs high.

Durning was quoted recently in this paper as saying, “Any rental housing is good housing these days.”

Many groups — including housing advocates, developers and governments — will be watching to see how the Burns Block project fleshes out. So far, I believe all can agree it’s not a bad experiment.

- – -

A few young people have called our office to ask when the Greater Vancouver Home Builders’ Association’s annual first-time homebuyer seminar will be held. Well, save the date, the seminar will be held from 7 p.m. to 9 p.m. on Tuesday, March 23 at the Vancouver Sheraton Guildford Hotel in Surrey.

Presenting sponsor of this year’s seminar will be the Homeowner Protection Office, the provincial Crown corporation responsible for builder licensing and the provision of home warranty insurance.

Corporate sponsors include The Vancouver Sun, the Province, Canada Mortgage and Housing Corp., TD Canada Trust, Real Estate Board of Greater Vancouver, Travelers Guarantee, Genworth Financial, Shaw Cablesystems, CKNW AM 980, Classic Rock 101, AM 730 and 99.3 The Fox.

Visit www.gvhba.org for registration details. More than 900 registered for last year’s seminar.

Peter Simpson is the chief executive officer of the Greater Vancouver Home Builders’ Association. E-mail peter@gvhba.org.


By Peter Simpson, Special to the Sun

February 6, 2010
© Copyright (c) The Vancouver Sun

Vancouver Real Estate Sales Surge Ahead Of Winter Olympics

By Kevin Brass
Editor, International Property Journal

When the Olympic flame enters BC Place Stadium on Feb. 12, the world’s spotlight will fall on one of North America’s hottest property markets.

In November more than 7,721 properties were sold in British Columbia, the highest volume for the month since 2005, according to the British Columbia Real Estate Association. And it wasn’t spurred by foreclosures and short sales; the Real Estate Board of Greater Vancouver’s housing price index for the area jumped 16.2 percent to $562,463, from a year earlier.

“We’ve seen a dramatic rebound in home sales,” said Cameron Muir, chief economist for the BCREA. Home prices have been on an uptrend for several months, “scratching record levels,” Muir says.
A few weeks ago, in a throwback to the old days, 20 buyers camped out over night in the cold to buy units in a Vancouver development called the Mark, a tower in the trendy neighborhood of Yaletown. In one day 163 of the 214 available condos sold, with units ranging from 460- to 730-square-feet priced between $320,900 and $660,900. (All figures in Canadian dollars; the current exchange rate is $1USD=$1.03CAD.)

International buyers are playing a “very significant” role in the upturn, according to Ross McCredie, president of Sotheby’s International Realty Canada. “Over half of the homes sold over $5 million in Vancouver sold to mainland Chinese,” he said. In West Vancouver, known as Vancouver’s most expensive neighborhood, there has been consistent activity from Middle Eastern and U.K. buyers, he says.

The bulk of the international buyers are making a lifestyle purchase more than a simple investment, taking advantage of Vancouver’s reputation as one of the world’s most livable cities, McCredie says. “They are not necessarily retirees, they’re just looking for a change,” McCredie said.

A few years ago 25 percent of condo buyers in Metro Vancouver were considered investors, according to tracking data by LandCor. Last year the number was closer to 8 percent.

“Speculators have never understood this market,” McCredie said.

The upcoming Olympic Games, local experts agree, has little to do with the recent surge. Low interest rates and pent up demand fueled sales, they say. Vancouver’s natural shortage of developable space also serves to artificially inflate prices, keeping Vancouver among Canada’s most expensive cities, even in down times.

Last year, prospective buyers held off buying, but jumped backed in as soon as the market started stabilizing, creating the recent flurry of activity, said Robyn Adamache, senior market analyst, Canadian Mortgage and Housing Corp.

Even for Vancouver, recovery in the property market has been much quicker than in past cycles, Adamache says. The regional unemployment rate is still relatively high at 7 percent, she notes. “It’s not the economy that has picked up so quickly,” she says.

But Vancouver’s property market is not dependent on locals. The region attracts a net migration of new residents of about 40,000 people a year—most of them from outside Canada, according to Canadian Mortgage and Housing data. China, Taiwan and India are the largest contributors, data shows.

In contrast, the number of U.S. buyers has slowed in the last year. Californians, in particular, are still struggling with the ripple effects of the housing crisis, industry executives say. But a pickup in buyers from Asia has more than compensated for the U.S. drop-off, Vancouver executives say.

Some compare the surge in Chinese buyers to the huge flow of money from Hong Kong in the ‘90s.

“We’ve seen a huge influx of buyers from mainland China,” said Dave Watt, a Realtor with Royal LePage and past president of the Real Estate Board of Greater Vancouver.

Most are doing business in the area or sending their children to school, and they’re buying in the $1 million to $3 million range, he says. In December, the Chinese government gave Canada “approved destination” status, which should increase the connection, Watt notes.

Outside Vancouver, British Columbia is a patchwork of different markets. Victoria is known as a retirement community, with a sunnier climate and year-round golf. Kelowna is a region of lakes, mountains and picturesque vineyards. Whistler is a classic upscale ski resort, known around the world.

In the last few months, the second home markets, in particular, have seen a jump in activity, analysts say, after a long slow period.

“The recession hit us worse than everybody else,” said Ursula Morel of Sea to Sky Premier Properties in Whistler and the 2010 president of the Canadian chapter of FIABCI, the International Real Estate Federation. “The higher the prices, the more you go down.” Most of the activity in the first half of 2009 involved fractionals, she says.

However, in the second half of 2009, Whistler sales picked up again, with 11 sales between $2 million and $3 million. “It’s not Olympics driven, but there is definitely more hype in the air,” said Morel, who puts “Home of the 2010 Olympics” in the subject line of all her e-mails.

Foreign buyers in Canada are typically required to put 25 percent down, which has helped provide a level of stability to many markets, with few debt-to-equity problems and little urgency to sell, Morel said.

Clearly buyers believe there are no more steep drops in the Vancouver area’s near future. In Vancouver a property recently sold for more than $10 million and two in Victoria sold for more than $6 million.

Vancouver is expected to see price increases of four to seven percent, according to local analysts. Royal LePage predicts a 7.2 percent jump in the next year.

“Everything is pretty hot right now,” said Pete Shpak, managing broker for Sea and Sky Properties’ West Vancouver office. “I’ve been in a few multiple offer situations, which wasn’t happening a year ago.”

But there is still an air of caution. Many believe the recent surge only reflects the pent up demand and once that dissipates sales volumes could slow. A jump in interest rates could also put a wrench in the recovery.

“The high end is still softer than it has been in past years, and that is largely the result of the economy crawling slowly out of recession,” said Muir of the BCREA.

But then there’s the wild card—the Olympics, sure to supply a non-stop, two-week stream of soaring images of Vancouver’s spectacular coastline and picturesque mountains. In many ways, it will be one long advertisement for the region.

“I think it’s going to be pretty amazing how many new eyes see us,” Watt said.