South Street Development Group have applied to the City of Vancouver to rezone 506 West 60th Avenue and 7645-7675 Cambie Street from RT-1 to CD-1 to allow for two 6-storey buildings rental buildings. The project would be considered under the Rental 100 program. The proposal consists of:
Chip Wilson, former CEO of Lululemon, has reportedly acquired 1770 West 7th Avenue, a 5-storey, 75,000 SF office building located at Burrard and West 7th. The building, built in 1985, was sold for $32,625,000, or $430 per SF.
Although the deals offered at the Value Village in Edmonds will surely be missed, its replacement proposes to be a new community hub.
The rezoning application for a mixed-use development with three highrise residential towers, an office building, two-storey retail podium and underground parking in the Highgate area is headed to public hearing on Jan. 28, 2014.
The proposed redevelopment, at 7350 Edmonds Street and 7338 Kingsway Avenue, was first brought to council’s attention in July 2012. A Value Village and a multi-tenant building currently sit on the site.
“We are excited to build a landmark project that will add to the growth of the neighbourhood,” Michael Sengara, development coordinator with Cressey Development Group, told the Burnaby NOW. “This particular corner of Kingsway and Edmonds is a prominent one, and the office building on the corner is a reflection of that.”
IBI/HB Architects put forward the rezoning application on behalf of the developer, Cressey Development Group.