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Condo, Development

133-Unit Condo Project Slated for Cambie Corridor Site

Alabaster Homes has submitted a rezoning application for a land assembly of 8 single family residential lots at 4992-5138 Ash Street, one block West of Cambie and just North of West 35th Avenue.

This area was redesignated as part of the Cambie Corridor Phase 3 Plan in 2018 to allow condo buildings up to 4-storeys, or rental buildings up to 6-storeys (buildings fronting West 35th are permitted up to 6 storeys for condo or 8 storeys for rental). In this case, Alabaster has elected to pursue a condo development.

The proposal for this site is to allow for the development of two 4-storey buildings and one 6-storey building and includes:

  • 133 condo units;
  • 7 studios, 39 one-bedrooms, 59 two-bedrooms & 28 three-bedrooms;
  • A total density of 2.0 FSR;
  • A building height of 67 ft.;
  • 185 vehicle parking spaces and 242 bicycle parking spaces.

The proposal also accomodates a City requirement to dedicate the Southern 35 ft. to allow a dedication for the extension of West 35th from Cambie to Ash Street.

The application is being considered under the Cambie Corridor Plan.

The architect for the project is GBL Architects.

December 1, 2020by david.taylor@colliers.com
Condo, Development, Retail

76 Condos Planned for Former Cambie Gas Station Site

Wesgroup has submitted a rezoning application for the former Chevron Station site that they own at the Southwest corner of Cambie & West 59th Avenue.

The 19,800 SF site at 7525 Cambie Street has been operating as a community garden since the gas station shut down a couple of years ago.

The rezoning proposal is to allow for the development of a 6-storey condo building with commercial uses at grade. Details include:

  • 76 condo units;
  • 5 studios, 42 one-bedrooms, 21 two-bedrooms & 8 three-bedrooms;
  • 7,895 SF of ground floor retail space;
  • A total density of 3.54 FSR;
  • A building height of 80.6 ft.;
  • 112 vehicle parking spaces and 160 bicycle parking spaces.

The application is being considered under the Cambie Corridor Plan.

The architect for the project is Yamamoto Architecture.

Wesgroup acquired the property in 2017 for $18,558,700, or $265 per buildable SF.

December 1, 2020by david.taylor@colliers.com
Development

Polygon Acquires North Van Site in $25.5M Deal

Polygon has acquired a development site in the Central Londsale area of North Vancouver in an off-market deal. The site, located at 114–132 West 15th Street is 25,200 SF in site area and is improved with two older lowrise commercial buildings. The purchase price was $25,500,000.

The site is designated for Mixed-Use Level 4B (High Density) in the City of North Vancouver’s OCP.  While no redevelopment plans are public. the rezoning potential would allow up to 4.0 FSR density, inclusive of a 1.0 FSR bonus.

November 25, 2020by david.taylor@colliers.com
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