A strip retail plaza located on an 18,202 SF site at 8257 Oak Street at the Northwest corner of Oak Street and West 67th Avenue has sold for $20,000,000. The existing building is anchored by Starbucks, with five additional local tenants. The site had been listed for sale in 2016 without an asking price.

The site is located in the Marpole Community Plan area, which allows for potential rezoning to 3.0 FSR, and up to 8-storeys. A formal rezoning application has not yet been submitted.

Coromandel Properties is currently under construction with a 43-unit project across the street called “Winston at South Oak”, which will complete in the Spring 2020.

Based on the sale price, 8257 Oak sold for $366 per buildable SF.

We are pleased to introduce for sale Shavian Apartments, an 11-unit rental apartment property located on West 10th Avenue, just East of Granville Street and just steps to the future Granville Street Skytrain stop.

Please see the brochure for further details. 

Another proposal for Burquitlam, this one is a stacked townhouse project by Adera that is seeking rezoning for 60-units on Lea Avenue, just East of Clarke Road. The 36,750 SF site is comprised of four single family lots that have been assembled. The project is called ‘Duet‘.

The plan for the site includes three, 3-storey stacked townhouse buildings that include:

• 60 units;
  • 8 studios, 8 one-bedrooms and 44 two-bedrooms;
• a density of 1.40 FAR;
• 84 parking spaces.

The architect for the project is Integra Architecture.

Ledingham McAllister has submitted a rezoning and development permit application for 520 Cottonwood Avenue, at the corner of Cottonwood and Whiting Way. The 39,000 SF site is located in the rapidly developing Burquitlam area of Coquitlam. The site is currently improved with an older lowrise strata building which has sold. T

The application proposes to rezone the subject site from RM-2 Three Storey Medium Density Apartment Residential Zone to Comprehensive Development (CD-10), based on the Multi-Storey High Density Apartment Residential Zone (RM-6) per the Burquitlam Lougheed Neigbourhood Plan.

Details of the proposal, entitled “Precidia” include:

• 176 market condo units;
  • 60 one-bedrooms, 98 two-bedrooms and 18 three-bedrooms;
• 65 market rental units;
  • 5 studios, 32 one-bedrooms, 17 two-bedrooms & 11 three bedrooms;
• 10 non-market rental units;
  • 2 studios, 5 one-bedrooms and 3 two-bedrooms;
• 13,000 SF of amenity space;
• a total density of 5.50 FAR;
• a total building height of 305 ft;
• 310 parking spaces.

The architect for the project is IBI Group.

Ledingham acquired the site in June 2018 for $22,500,000, or $105 per gross buildable SF.

We are pleased to introduce this 26,561 SF land assembly located just half a block East of Oakridge Centre. The site has been designated in the Cambie Corridor Plan to allow an 18-storey residential tower, with a 4-storey podium, retail at grade and a requirement for 30% of the gross residential floor area to be delivered as social housing.

Please contact us for further details.