PCI Group has acquired a 33,000 SF site comprised of five single family lots on Arbutus Street between West 20th Avenue and West 21st Avenue. The total purchase price was $19,150,000, or $3,830,000 per lot. The price equates to $580 per land SF.

There is no rezoning application made public yet, though the site would potentially allow for rental apartments.

CIBT Education Group has completed the acquisition of three lots in the Oakridge area of Vancouver for $30,300,000. The 18,791 SF site is located on the North side of West 42nd Avenue just East of Cambie Street, and is in an area designated for towers up to 18-storeys.

CIBT recently filed a rezoning application for a 124-unit student housing project.

The sale price equates to $226 per buildable SF based on the rezoning application.

Intracorp has submitted their formal rezoning application for the Ashley Mar Co-Op property at 8460 Ash Street and 8495 Cambie Street. The one acre site is home to a 54 unit co-op.

The proposal consists of a mixed-use development with three towers at 15, 24, and 27 storeys. Details include:

• 1-for-1 replacement of the existing 54 Co-operative units;
• 71 additional non-market housing units;
• 457 secured market rental units;
• 1 commercial-retail unit;
• a total density of 7.54 FSR;
• a maximum building height of 267 ft.; and
• 309 underground parking spaces and 1,162 bicycle spaces.

The application is being considered under the Marpole Community Plan. On February 11, 2020, Council approved the recommendations of an Issues Report seeking permission for staff to consider accepting and begin the review process of a rezoning application with building heights beyond those envisaged in the Marpole Community Plan.

The architect for the project is Perkins & Will.

The latest Rental 100 application is for a site at 1265-1281 Kingsway, next door to another application from December 2019 for a 43-unit project at 1247 Kingsway.

The site is currently zoned C-2 but the rezoning would allow for the development of a 6-storey mixed-use residential building including:

• 43 market rental units;
  • 20 studios, 5 one-bedrooms, 16 two-bedrooms & 2 three-bedrooms;
• 3 retail units at grade;
• a total density of 3.70 FSR;
• a maximum height of 69 ft.; and
• 51 underground parking stalls and 89 bicycle spaces.

The application is being considered under the Secured Market Rental Housing (Rental 100) Policy.

As with the project next door, the architect for this one is Stuart Howard.

The full rezoning application can be viewed here: https://rezoning.vancouver.ca/applications/1265-1281kingsway/index.htm

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:

• 65 market rental units;
  • 4 studios, 27 one-bedrooms, 17 two-bedrooms & 7 three-bedrooms;
• a total density of 2.38 FSR;
• a maximum height of 63 ft.; and
• 50 underground parking stalls and 112 bicycle spaces.

The application is being considered under the Marpole Community Plan

The architect for the project is Matthew Cheng.