Reliance Properties has acquired two properties at the Northwest corner of East Broadway and St. George Street in East Vancouver in an off-market transaction.

465 East Broadway is currently improved with a non-descript two-storey office building. The sale also involved an adjacent 6,039 SF parking lot on East 8th Avenue.

The zoning for the Broadway property is C-2C, which permit a maximum density of 3.0 FSR. The East 8th Avenue property is zoned RM-4. The Mount Pleasant Community Plan allows rezoning for greater density based on a 6-storey building form. The City of Vancouver’s forthcoming Broadway Area Plan may also impact the development potential of the property.

Porte Development  has submitted a rezoning application to the City of Port Moody for two properties with a combined site area of 40,041 SF located at 3227 and 3239 St. Johns Street. The two lots are currently occupied by an automotive shop and an auto dealership.

The application proposes a new 6-storey mixed commercial/residential project comprising:

• 117 condo units;
  • 68 one-bedrooms, 39 two-bedrooms and 10 three-bedrooms;
• 10,379 SF of retail space on the ground floor;
• a total density of 2.80 FAR;
• 181 underground parking stalls;
• a total CAC charge of $595,706 ($5.30 per SF)

As part of the project, Porte has proposed an affordable housing program which consists of:

• a “locals-first” marketing program where Port Moody residents will have an opportunity to purchase a unit before sales are opened to the wider public;
• a 3% discount to Port Moody community workers
• a housing agreement to ensure that any future residential strata corporation cannot enact bylaws or regulations that would preclude an owner from renting their unit; and
• a total of 10 rental units (nine market units and one below-market unit) The proposed below-market unit would be rented for 10% below market rates.

The architect for the project is Integra Architecture.

A rezoning application has been submitted for a two-lot land assembly on West 41st Avenue, East of Cambie. The site at 187-195 West 41st Avenue is 10,820 SF in size and zoned RS-1 (One-Family Dwelling). The proposal for the site consists of a 4-storey residential building and includes:

• 23 condo units;
  • 8 one-bedrooms, 12 two-bedrooms & 2 three-bedrooms;
• a total density of 1.80 FSR;
• a building height of 41 ft.; and
• 26 underground parking spaces and 50 bicycle spaces.

This rezoning application is being considered under the Cambie Corridor Plan.

The architect for the project is Integra Architecture.