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Apartment, Development

59-Unit Rental Project Slated for Burquitlam Site

Adera has submitted a rezoning and development permit application to
the City of Coquitlam to develop at 17,100 SF site at 715-717 Como Lake Avenue in the Burquitlam area. The site is currently occupied by a single family house and a duplex.

The site sits directly adjacent Adera’s 72-units Duet condo project at 707 Como Lake.

The plan calls for a 6-storey market rental apartment building using the RM-3 Multi-Storey Medium Density Apartment Residential designation under the Burquitlam-Lougheed Neighbourhood Plan.

Details of the proposal include:

  • 59 rental units;
  • 18 studios, 23 one-bedrooms, 6 two-bedrooms & 12 three-bedrooms;
  • a total density of 2.53 FSR;
  • 56 underground parking spaces.

The architect for the project is Integra Architecture.

The site was assembled in 2019 for $4,780,000 or $110 per buildable SF based on the application.

November 16, 2020by david.taylor@colliers.com
Condo, Development, Retail

32-Storey Condo Tower Proposed for Joyce Street

A rezoning application has been submitted for a site at 5163-5187 Joyce St. in the Joyce-Collingwood area of East Vancouver.

The proposal is to allow for the development of a 32-storey mixed use building with commercial use at grade and a proposed public library occupying the entire 2nd floor.

The proposal includes:

  • 293 condo units;
  • 177 one-bedrooms, 87 two-bedrooms & 29 three-bedrooms;
  • 5,200 SF of retail space;
  • 15,000 SF of 2nd floor library space;
  • A total density of 13.10 FSR;
  • A building height of 309 ft.;
  • 228 vehicle parking spaces and 588 bicycle parking spaces.

The application is being considered under the Joyce-Collingwood Station Precinct Plan.

The architect for the project is J + S Architect.

The site sold in 2017 for $38,000,000, or $164 per buildable SF based on the application.

November 13, 2020by david.taylor@colliers.com
Apartment, Development, Office

City of Vancouver Considering Major Changes Near Marine & Cambie

The City of Vancouver is considering new guidelines for height and density that would impact approximately 40 properties around Marine and Cambie in South Vancouver that have potential for social housing or commercial/industrial development.

The area has been the subject of guidelines under both the Marpole Community Plan and Cambie Corridor Plan; however, more recent decisions by Council have directed staff to review the area for new guidelines. These decisions include:

  • In February 2020, Council directed staff to consider rezoning enquiries and applications for social housing sites around the Marine Drive Station area beyond the heights envisioned in the Marpole Community Plan to address Council’s affordable housing priorities (PDF).
  • In October 2020, Council also supported intensification of job space in key areas, including Marine Landing, through the Employment Lands and Economy Review (ELER) (PDF). Intensive employment sites in Marine Landing that deliver 100% job space projects with a multi-storey light industrial space may be considered for greater heights and/or densities than identified in the Marpole Community Plan and Cambie Corridor Plan.

The new analysis of the areas planning guidelines will provide new direction for building heights, densities, public realm improvements, built form and urban design, public amenities and upgrades to utilities and public transportation.

A full FAQ page is located here for further background: https://shapeyourcity.ca/marine-landing-review/widgets/61466/faqs

It is expected that a report will go to Council in Spring 2021.

The full review page is located here: https://shapeyourcity.ca/marine-landing-review

November 8, 2020by david.taylor@colliers.com
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