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Apartment, Condo, Development

Wesgroup Envisions 241 Units for Balfour Block

Wesgroup has submitted their rezoning application for the ‘Balfour Block’, a unique 101,883 SF (2.3 acre) site located at West 18th Avenue and Laurel Street in the Cambie Village area, just East of Oak Street. The existing site contains 16 older duplex buildings that will be replaced.

The proposal calls for the development of a 6-storey rental building; a 6-storey condo building with a rooftop amenity and a childcare space on the ground floor and six 4-storey and two 3-storey stacked townhome buildings.

The proposal includes:

  • 241 total units;
  • 84 townhouses;
  • 57 condo units;
  • 100 secured rental units (with 25% at below-market rates);
  • A total density of 2.16 FSR;
  • Building heights of 37.5 ft. to 82.6 ft.;
  • 334 vehicle parking spaces and 630 bicycle parking spaces.

The application is being considered under the Cambie Corridor Plan and theRezoning Policy for Large Sustainable Developments.

Wesgroup acquired the site in 2015 for $46,200,000 or $210 per buildable SF based on the application.

The architect for the project is Formwerks.

February 8, 2021by david.taylor@colliers.com
Development

FOR SALE: Downtown Commercial Development Site

We are pleased to introduce this rare opportunity to acquire a 50 ft. lot primed for commercial development directly across from a Skytrain Station and in amongst one of Vancouver’s trendiest and most sought after neighbourhoods. The site does not require rezoning, and allows development up to 7.0 FSR. 

Please contact us for further details.

February 5, 2021by david.taylor@colliers.com
Apartment, Development

69 Rental Units Proposed for Lower Lonsdale

A rezoning application has been submitted by Three Shores Development for a mid-block site at 145-153 East 4th Street in the Lower Lonsdale area of North Vancouver.

The plan for the 17,284 SF calls to allow a new 6-storey rental apartment building. The existing site consists of two older apartment buildings totaling 20 units that will be replaced.

Details include:

  • 69 market rental units;
  • 7 mid-market rental units;
  • 20 studios, 29 one-bedrooms, 10 two-bedrooms & 10 three-bedrooms;
  • a total density of 2.57 FSR;
  • 52 underground parking spaces.

The architect for the project is Integra Architecture.

The site had been listed for sale in 2019 with an asking price of $9,850,000.

February 4, 2021by david.taylor@colliers.com
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