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:
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:
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:
The application is being considered under the Marpole Community Plan
The architect for the project is Matthew Cheng.
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.
Hotel development planned for site of Troll's Restaurant in Horseshoe Bay
District of North Van council sends proposed CapU student housing tower back to drawing board via @NorthShoreNews
First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion
First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while
