The latest rental rezoning application has been submitted. This one is for a site at 1325 West 70th Avenue, three blocks East of Granville Street.
The current zoning for the site is RM-3A and the property is improved with an older lowrise apartment building. This apartment area allow densification under the Marpole Community Plan.
The application calls for the development of a 6-storey residential building including:
A preliminary development application has been submitted to West Vancouver for the large-scale development of a 9-acre site located just above the Upper Levels Highway in West Vancouver, about a km East of Cypress Bowl Road.
The site at 2480 & 2510 Wentworth Ave, was previously owned by Collingwood School before a sale to Vanluxu Enterprises Ltd. in 2012 for $26,500,000, was previously approved for a 29-lot single family subdivision in 2017. That application has now been abandoned and cancelled.
The site was subsequently listed for sale in 2018 for $108,000,000, but did not sell.
The new preliminary plans contemplate a total of 585 residential units, and includes a mix of rental and strata units in seven midrise buildings alongside several townhouse buildings. The buildings are terraced to respond to the site’s sloped terrain and natural setting.
The developer will be hosting a public information meeting on their preliminary plans. The meeting will be held from 4:30–7:30 pm. on Thursday, March 12 at The Beach House Restaurant (top floor), 150 25th Street.
A 2,344 unit residential development has been proposed by Edgar Development for a 23 acre site they own in Port Moody.
The site, known as ‘Woodland Park‘, is located at Cecil Drive and Angela Drive in the College Park neighbourhood on the Western part of Port Moody. The site is currently improved with older lowrise rental apartment buildings totaling 200 units in 19 buildings scattered across the site.
Edgar acquired the site in 2018 for $97,500,000.
The site is designated Multi-Family Residential in the OCP, which permits various building forms from three, up to a maximum of six storeys in height. The site is located outside the Evergreen Line Sub-areas and therefore has not been specifically designated for development forms higher than six storeys.
The OCP and Rezoning Application contemplates a master planned redevelopment with 18 buildings from 4 to 26-storeys in height, that includes:
2,344 total units
2,319 condo units;
325 below market rental units for BC Housing;
10,000 SF of community use space;
5,000 SF of retail space;
a total density of 2.15 FAR;
neighbourhood park, play area & multi-use path around the perimeter of the property;
seven phases to be developed over 16 years.
70% of the site is proposed to be retained as environmentally sensitive areas/green space.
The rezoning application is still in the early stages at the Community Planning Advisory Committee. Input from the committee will determine whether the application moves forward on it’s own, or as part of a larger OCP review for the area.
The proposal would join the Flavelle Oceanfront project as by far the two largest development proposals in Port Moody history.
The architect for the Woodland Park project is Acton Ostry.
A development application has been submitted for a 4-lot land assembly in the Norquay Village area of East Vancouver. The 17,891 SF site is zoned RM-9AN, which allows up to 2.0 FSR.
The proposal is for a 4-storey condo building that includes:
one level of underground parking containing 40 stalls and 95 Class-A bicycle stalls, having access from the rear lane.
Under the site’s existing RM-9AN zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.
A 13,700 SF retail and office building on West 4th Avenue near Alma Street has sold for $10,500,000. The building is 2-storeys with office above retail and the site, measuring 11,191 SF is zoned C-2 commercial.
The sale equates to a price per SF of $768 for the building, or $375 per buildable SF based on the zoning. The cap rate equates to 2.8%.
Brookfield has flipped the Shangri-La Vancouver (now Hyatt) retail podium to Aquilini Group for $55 million. Brookfield bought the property last summer.
