Fastmark Development have closed on the acquisition of 523-549 East 10th Avenue in the Mount Pleasant area of East Vancouver. The site comprises an assembly of five single family lots totaling 20,139 SF.

A rezoning application for the site was published in September calling for a 19-storey rental tower with 175 units (including 33 below market) and a daycare. The total proposed density is 6.0 FSR. The application is being considered under the Broadway Plan.

The sale price was $17,500,000, or $145 per buildable SF based on the rezoning applicaiton.

The site was listed and sold by Avison Young.

Domus Homes has applied to the District of North Vancouver to redevelop three existing single-family lots in the Edgemont Village area of North Vancouver into 12 three-bedroom townhouse units.

A preliminary proposal for the 24,703 SF site at Ridgewood Drive and Brookridge was first developed in 2018, but was later shelved. A neighbouring townhouse development “Edgemont Walk” was subsequently completed in 2019.

A revised proposal for the site has now been put forward with some design changes following staff and public input.

The site is located in the Edgemont Plan area, which designates this part of Ridgewood Drive for 2.5 storeys and up to 0.8 FAR.

The updated plan for the site includes:

• 12 three-bedroom units;
• unit sizes from 1,829 SF to 2,023 SF;
• a total density of 0.8 FAR;
• 27 underground parking spaces;
• a CAC of $335,947 ($17 per SF);
• an additional $200,000 for pedestrian/traffic improvements.

The site was assembled in 2016 for $5,451,000 or $275 per buildable SF.

The architect for the project is Boldwing Continuum Architects Inc.

We are pleased to present an opportunity to acquire a woodframe development opportunity in Burnaby’s emerging Bainbridge Urban Village area.

Highlights

• 39,600 SF site (150’ x 262’) with Bainbridge Urban Village Plan designation allowing up to 3.0 FSR 
• Potential to assemble neighbouring lot at 7008 Greenwood Street for a combined site of 1.51 acres / 66,000 SF (250 ft. site frontage)
• Gross density of 200,000 SF or approximately 250 residential units, with sufficient site area to provide inclusionary units in separate low-rise building
• Located directly across from large scale concrete projects: Burnaby Lake Village and Burnaby Lake Heights that will provide significant new retail, park and amenity space

Please click here or contact us for further information including price guidance.