Polygon has completed on the acquisition of a 0.71 acre site comprising the surface parking lot at Regent College, adjacent the UBC campus on Wesbrook Mall and University Boulevard.

The completion follows the University Endownment Land’s recent approval of a rezoning of the site to allow an 18-storey, 4.0 FAR residential building that includes 108 condos and 49 affordable rental units above ground floor retail.

The sale price for the site was $28,697,000, equating to $234 per buildable SF based on the gross buildable area in the approved application.

Intracorp has completed the sale of 3362 Vanness Avenue in the Joyce Collingwood area of East Vancouver for $41,400,000.

The site comprises an existing 12-storey apartment building that was assembled with a neighbouring property and approved for rezoning earlier this year for a 679-unit, two tower rental project.

The total assembly has a combined site area of 38,323 SF. The combined assembly value of $46,550,000 equates to $107 per buildable SF.

Oxford Properties has submitted their rezoning application for 11 East 4th Avenue, a 24,185 SF site at the northeast corner of East 4th and Ontario Street in Mount Pleasant.

The proposal for the site is to allow for the development of a 8-storey mixed-use industrial building and includes:

• 78,000 SF of office/lab space;
• 78,000 SF of industrial space;
• 6,800 SF of ground floor retail space;
• a total density of 6.70 FSR; and
• A building height of 146 ft.

This application is being considered under the Broadway Plan.

The site was acquired by Oxford in 2021 for $30,500,000, or $187 per buildable SF based on the application.

The architect for the project is Chernoff Thompson Architects.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/11-15-e-4-ave