The former Esso gas station site at the Northeast corner of Cambie and West 41st Avenue has sold after many years of sitting vacant as part of the remediation process. The 15,860 SF site sold for $15,800,000 to CM Bay Properties.
The site is designated within the Cambie Corridor Plan for a mixed-use building over 12-storeys and a density which may exceed 4.0 FSR.
An interesting development application was submitted this week for a property at the Southwest corner of Granville and 6th, owned and occupied by Zonda Nellis. The plan is relatively unique since the site is only 30′ x 120′ (3,600 SF). The site is zoned C-3A so the density max of 3.0 FSR is conditional. It is exceedingly rare to see a site of this scale seek a DP for a density as high as 3.0 FSR. Sometimes this type of plan makes sense on corner sites if assembly isn’t possible, or if as the case may be here, the property has been owned for a long time and the cost base of the land is quite low.
The plan calls for the existing single-storey retail building to be replaced with a 5-storey mixed-use development with retail at grade and four levels of residential above, with one level of underground parking below. Details include:
An application has been submitted for a 7,686 SF site on East Pender Street near Commercial Drive in East Vancouver. The plan calls for a 5-storey mixed-use building with two levels of office space and three levels of residential space containing 15 residential units and 14 underground parking stalls. The site is zoned MC-1, which conditionally allows a mix of uses.
The site, currently improved with a single storey industrial building, was acquired earlier this year for $1,830,000 by Epix Developments.
