The Jim Pattison Group has acquired a 22,500 SF site at the Southeast corner of West Broadway and Balaclava Street in Kitsilano for $30,750,000. The site is zoned C-2C which allows a maximum density of 3.0 FSR; based on the existing zoning this price equates to $456 per buildable SF. There is no news yet on redevelopment plans.

A rezoning application has been submitted for a property at Templeton and Oxford in East Vancouver.

The proposal is to allow for the development of a 6-storey market rental building. The zoning would change from RM-3A (Residential) District to CD-1 (Comprehensive Development) District. The proposal includes:

• 36 market rental units;
  • 23 one-bedrooms, 9 two-bedrooms & 4 three-bedrooms;
• A total density of 2.40 FSR;
• A building height of 70 ft.;
• 18 vehicle parking spaces and 68 bicycle parking spaces.

The application is being considered under the Grandview-Woodland Community Plan.

The architect for the project is Stuart Howard.