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Condo, Development, Retail

48-Unit Condo Building Proposed for Dunbar & 29th Site

Qualex-Landmark  has applied to the City of Vancouver for permission to redevelop a 30,763 SF land assembly that includes the Mac’s property at 4464 Dunbar Street with a condo building. The existing site is improved with an older strip retail centre. The site is zoned C-2 which allows a density of up to 2.50 FSR.

The proposal is for a new 5-storey condo building that includes the following:

    • 48 condo units;
    • 40 two-bedrooms & 8 three-bedrooms;
    • 10,859 SF of retail space;
    • Building height of approximately 52.9 ft;
    • A total density of 2.50 FSR;
    • Two levels of underground parking accessed from the lane with a total 129 parking spaces.

The application describes the design rationale: “The site on Dunbar Street, between West 28th and 29th Avenues, slopes greatly — almost 15′ from the lowest point of the site at grade to the highest point. The proposed building’s massing carefully addresses
the site’s terrain while recognizing the height limitations. We have designed a significant
setback at the corner of Dunbar and West 29th to serve as a public plaza. We imagine one retail unit facing the plaza to be a coffee shop or similar, to take advantage of the landscaped outdoor space of the plaza. We have also dedicated a part of the plaza to a public art piece, voluntarily commissioned by the owners.”

Under the site’s existing C-2 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Development Permit Board.

The architect for the project is IBI Group.

The full application can be viewed here: https://development.vancouver.ca/4464dunbar/index.htm

September 6, 2018by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

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David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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