Alabaster Homes has applied to the City of Vancouver for permission to develop a three lot land assembly at the Southwest corner of Oak Street and West 47th Avenue. The site totals 27,876 SF and was rezoned to RM-8AN under the Cambie Corridor Phase 3 Plan.

The proposal for the site is a 4-building stacked townhouse development that includes:

• 36 units;
  • one-bedroom flats & three-bedroom townhouses
  • unit sizes from 511 to 1,523 SF;
• a total density of 1.20 FSR;
• proposed height of 38 feet for the front buildings and 31 feet for the rear buildings;
• 37 underground parking spaces.

Alabaster assembled the site in 2018 for $14,550,000, or $425 per buildable SF.

The architect for this project is Formwerks.

A rezoning application has been submitted under the City of Vancouver’s Affordable Housing Choices Interim Policy for a site at the Northwest corner of Granville and West 49th Avenue.

The 8,000 SF lot at 1515 West 49th Avenue is currently an older single family house, but the proposal would allow for the development of two 3.5-storey residential buildings that would include:

• 9 market rental units;
  • 8 three-bedroom townhouses and 1 caretaker suite;
• Unit sizes ranging from 1,245 SF to 1,634 SF;
• a density of 1.53 FSR;
• a maximum height of 44 ft; and
• 4 off street parking spaces, 1 car share space, and 24 bicycle spaces.

The architect for the project is Stuart Howard.

A Cambie Corridor Phase 3 Townhouse site at 46-66 West King Edward has sold in a $12,730,000 to Sightline Properties. The sale equates to $471 per buildable SF.

The three lot assembly totals 22,500 SF and is located within the Townhouse area of the Cambie Corridor Phase 3 Plan. The total permitted density is 1.20 FSR.

Sightline acquired the neighbouring three lots in 2018 for $560 per buildable SF and is launching the pre-sales for their project ‘Just West‘, which will be the first phase. The six lots have now been consolidated.