Anthem Properties has submitted a rezoning application to the City of North Vancouver for a 28,000 SF site at 143 East 17th Street and 1600 -1640 Eastern Avenue, just East of Lonsdale in the Central Lonsdale neighbourhood. The site sits just East of Anthem’s condo tower project “Local on Lonsdale“, completed in 2013.

The site is designated as Residential Level 6 (High Density) in the OCP, and currently consists of five parcels; each with a building that was constructed between 1954 and 1956. All five buildings combine for a total of 55 rental units.

The plan for the site is a new 13 storey rental apartment building with ground oriented
units at its base. Details include:

• 225 rental units (including 32 at below market rents);
• 24 studios, 134 one-bedrooms, 53 two-bedrooms and 14 three-bedrooms;
• a total density of 3.30 FSR;
• a new 18,595 SF public park on the South end of the site;
• a total building height of 121 feet;
• 177 parking spaces.

The application describes the design rationale: “Attention was placed on the development’s four edges to ensure the relationship between building and street and
the public realm are strengthened. The Eastern Avenue and lane edges strive to promote a friendly pedestrian streetscape and pleasant relationship between resident and the street, to create a sense of entry and privacy for residents. The building edge facing East 17th Avenue is designed to feature an expressive entry element to the
building, a double height volume that is architecturally articulated. The indoor fitness and health amenity space is strategically located to animate the street and lane edge and sits by the entrance for convenient access to promote an active lifestyle.”

The architect for the project is DYS Architecture.

We are pleased to announce the successful completion of 3495 West 4th Avenue, a 12-unit strata residential building located in the Kitsilano area of Vancouver. Please contact us for further details.

We are pleased to introduce this attractive retail and apartment building in Horseshoe Bay. The building is fully leased and has future redevelopment potential. Please contact us for further details. A full brochure can be viewed here: Brochure – 6605 Royal Ave – E Copy

Next week, City of Vancouver Council will consider a report from the Engineering and Planning Departments seeking to approve a new City-wide utilities development cost levy (DCL) and a long term capital projects program for upgrades. The report also confirms the Utilities Servicing Plan for the Cambie Corridor Phase 3 area and the CAC target rates for the Cambie Corridor and Marpole areas.

Here is a summary of these new recommendations.

New Utilities DCL

The need for infrastructure upgrades was highlighted during the latter stages of the Cambie Phase 3 planning in which significant new density was introduced in the Oakridge Transit Centre area in plans laid out in 2017. A reassessment of the future demand on sewer, drainage and water service capacity has led to this city-wide strategy. The City is now looking at increasing DCL rates to help finance the servicing requirements across multiple developments rather than piggybacking off of the initial developments in certain areas.

The recommended new DCL framework for financing water, sewer and drainage utilities
upgrades includes a long-term capital program of approximately $1 Billion and the introduction of a dedicated City-wide Utilities DCL to cover approximately $547 Million of that cost (benefit to new development) through DCL’s by 2026.

Currently, utilities are embedded in the overall City-wide DCL rates, but the utilities component will now be separated in order to “improve transparency and certainty for developers.” 

The report highlights the utilities portion of current DCL and the proposed Utilities DCL to demonstrate the increased rates:

Interestingly, a background study by Coriolis Consulting noted the following (from report):

• New residential development downtown and on the west side of the city could
  accommodate the proposed rate increases.
• New residential development on the east side of the city has less ability to absorb
  the new DCL costs without impacting economic feasibility.
• For new non-residential development, Coriolis found in last year’s DCL report to the City that an increased DCL rate would have a negative impact on sites that are currently viable for redevelopment. For new industrial development, it would be challenging for most projects to support any increase in DCL rates given the
  inherent challenging economics. Similarly, it would also be challenging for most new office development to support an increased DCL rate.
• In all cases where there is a DCL rate increase, it is preferable to phase-in the rate increase so new development can adjust to the increased costs.

The report also recommends that the Utilities DCL be waived for market rental housing (Most rental rezonings are eligible for DCL waiver) on an interim basis until 2020 with a review by staff coming next year.

The new DCL rates will come into effect on September 30, 2018 (rates are protected for in-stream applications for one year from the effective date).

Utilities Servicing Plan for Cambie Corridor & CAC Rates

The City approved the Cambie Corridor Phase 3 Plan at council in May, though the land use plan has remained subject to a pending Utilities Servicing Plan, which intends to lay out the development sequence of sites based upon utilities upgrades.

Highlights of the plan include:

• City-initiated rezoning (“prezoning”) of townhouse areas in Stage 1 in the
  short-term (anticipated for referral and public hearing in summer/fall of 2018)
• Requirement for basic onsite rainwater and groundwater management

Here is a guideline for development in the Cambie Phase 3 area:

Lastly, here are the proposed new CAC target rates for the Cambie Corridor and Marpole Areas:

Cambie Corridor

Marpole

The full report can be viewed here: https://council.vancouver.ca/20180711/documents/cfsc1.pdf