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Apartment, Development, Office, Retail

Two New Tower Proposals for Coquitlam

Two new tower proposal go to first reading at the City of Coquitlam next week, one in Burquitlam and one in the City Centre area of Coquitlam. The two projects are detailed below:


545 Sydney Avenue

This proposal is by Ledingham McAlister for a site in the booming Burquitlam neighbourhood along North Road. The site is 0.8 acres and is located at the Northeast corner of Westview Street and Sydney Avenue. 

The site is currently occupied by a 3-storey condo building and the plan calls for rezoning from RM-2 to a Comprehensive Development Zone (CD) based on the RM-6 Multi-Storey High Density Apartment Residential Zone in the Official Community Plan.

The plan is for a new 25-storey residential tower that includes:

  • 235 total residential units;
    • 157 condos
    • 78 rental apartments;
  • a total density of 5.50 FAR;
  • 283 underground parking spaces.

  The site sold in January 2018 for $15,575,000.

The architect for the project is IBI Group.


1108 Westwood Street

Polygon Homes has submitted their application for this site at the southwest corner of Glen Drive and Westwood Street in the City Centre area of Coquitlam. The 1.1 acre site is mostly vacant and comprises an assembly of three lots.

The site sits adjacent a site controlled by Onni (fronting Pinetree Way), which will also be applying for a rezoning for a tower using the same architect, Chris Dikeakos. There is a master plan in place which governs the development of both sites.

The site is located within the City Centre Area Plan (CCAP), is designated City Centre Commercial in the OCP, and is located within the “Core” area of City Centre in the Transit-Oriented Development Strategy (TDS). The proposed rezoning to CD is based on the C-4 Zone which is the applicable zone in the City Centre Commercial designation in the CCAP.

The plan calls for a 40-storey residential tower that includes:

  • 273 residential units:
    • 222 condo units;
    • 51 rental apartment units;
  • Four retail units;
  • 4 floors of office space (24,000 SF total commercial space);
  • 19,813 SF of amenity space;
  • A total density of 6.40 FAR;
  • A total building height of 406 ft.;
  • 437 underground parking spaces above and below grade (due to high water table)

 

 

 

May 4, 2018by david.taylor@colliers.com
Development

FOR SALE: 15,300 SF Kerrisdale Development Site

We are privileged to present this rare 153′ x 100′ development site at the corner of West 41st Avenue and Maple Street in Kerrisdale. The site is zoned C-2 and allows up to 2.50 FSR density. The site not only features an excellent site size and location, but a rare park-facing lane frontage allowing unobstructed views to the North.

 

Please download the brochure here: Brochure – 2001-2021 West 41st Ave and contact us for further details.

April 27, 2018by david.taylor@colliers.com
Development

31-Unit Project Planned for Marpole

Listraor has submitted a development application to the City of Vancouver for permission to develop a 4-lot land assembly on Yukon Street in the Marpole area of South Vancouver. The site sits directly across from Winona Park.

The proposal includes:

  • 31 townhouse condo units;
  • a total density of 1.99 FSR;
  • a building height(s) of 45 feet; and
  • total of 48 parking spaces and 62 bicycle spaces on site.

The application describes the design rationale:  “This proposal is to develop the property with four buildings arranged around a central courtyard/mews with thirty-one townhomes over one level of underground parking. Each building is four storeys in height with three storey townhomes stacked on top of one storey ground level townhomes. The ground level residences are accessible directly from Yukon Street and the courtyard, and the three storey residences have entries accessible from the courtyard on either side. The upper level is stepped back from the flanking street or lane and has a sloped wall with dormers aligned with the bay forms below to provide a strong visual break in the fronting building elevation. A similar formal expression is applied at the courtyard to include a raked wall with varying bay forms stepped back from a continuous brick mass.”

Under the site’s existing RM-9 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The architect for the project is Raymond Letkeman Architects Inc.

April 27, 2018by david.taylor@colliers.com
Apartment, Development, Retail

Kingsway & Clark Corner Slated for 53 Rental Units

The latest Kingsway rental rezoning application to be submitted to the City of Vancouver is for a site at the Northeast corner of Kingsway and Clark Drive, one block West of Knight Street.

The 14,134 SF site is currently improved with single storey retail including the Cedar Cottage Neighbourhood Pub and Liquor Store. The site is zoned C-2. The rezoning proposal seeks approval for a new six-storey mixed-use building, consisting of:

    • 53 market rental units;
    • 10 studios, 24 one bedrooms, 13 two-bedrooms and 6 three-bedrooms;
    • 7,884 SF of retail space at grade;
    • a total density of 3.77 FSR;
    • a building height of 74.64 ft.; and
    • 43 underground parking spaces.

This application is being considered under the Secured Market Rental Housing (Rental 100) Policy.

The site was acquired in 2017 for $5,840,000, or $102 per buildable SF based on the application.

The architect for the project is GBL Architects.

April 24, 2018by david.taylor@colliers.com
Development

Three More Towers Coming to Metrotown

Three more residential towers are going to Burnaby City Council this week for permission to move to public hearing. All three are located in Metrotown, near the Skytrain line; a rapidly developing area with more than 20 highrises at various stages of approval and construction.

Details of the three current applicaitons are summarized below:


6562 Telford Avenue

Intracorp‘s rezoning application for 6525 Telford Avenue is seeking approval to move to public hearing. The 48,833 SF site sits on the West side of Telford Avenue, just South of Beresford.

The site is designated RM-5s in the Metrotown Downtown Plan.

The proposal calls to build a 33-storey highrise residential tower that includes:

  • 298 condo units;
  • 81 studios, 81 one-bedrooms, 91 two-bedrooms & 45 three-bedrooms (including 8 townhouses);
  • a total density of 5.0 FAR;
  • a total building height of 319 ft.;
  • 331 underground parking spaces.

The application describes the design rationale: “The proposed development plan is for a single 33-storey apartment building and two three-storey townhouse buildings, in which the overall development is oriented towards Telford Avenue. The design inspiration for the development, a bamboo plant, is expressed in the architectural elements, features and materiality of the buildings. The use of clay brick masonry, bamboo coloured wood materials, and other architectural details at the apartment building base and townhouse buildings are unifying elements that tie the overall development together. All parking is to be provided underground with vehicular access provided via the rear lane.”

The architect for the project is NSDA Architects.

Intracorp acquired the site in 2016 for $20,888,888. The site is currently improved with an older 54-unit apartment building.


5977 Wilson Avenue

BlueSky Properties is seeking to go to first reading next month for a site in the Central Park East neighbourhood of Metrotown. This 53,000 SF site sits just North of Patterson Station. This project also falls within the City’s RM-5s district guidelines in the Metrotown Downtown Plan.

The plan calls for a 39-storey highrise building that includes:

  • 293 units;
  • 34 studios, 92 one-bedrooms, 138 two-bedrooms & 29 three bedrooms (including 6 townhouses);
  • a total density of 5.0 FAR;
  • a total building height of 430 ft.;
  • 323 underground parking spaces.

 

The application describes the design rationale: “The design concept for the overall development is a celebration of modem architecture through simplicity in design. The tower base features a fully glazed double-height lobby that is inwardly-set to convey a sense of “airiness”. The tower body, which is rectilinear in form, features a verticd mullion pattern that carries to the top of the tower. Architectural interest to the building is enhanced by a horizontal break at the mid-section of the tower, which features a double-height framed box. The overall design of the tower is also expressed in the architecture of the townhouses, which are oriented towards Wilson Avenue and the proposed east-west neighbourhood linkage along the south property line of the site. Allparking is to be provided underground with vehicular access provided via the rear lane.”

The architect for the project is Gensler Architects.


6433 McKay Avenue & 6366 Cassie Avenue

Belford Properties have submitted their formal rezoning application for “Cassie & McKay”, a two lot assembly located between the above-referenced streets, just south of Beresford. The 65,547 SF site is located in the RM-4s area of the Metrotown Plan, allowing a density slightly lower than the above two sites, this one at 3.60 FAR. 

This will be Belford’s second project in Metrotown, after the success of Sun Towers, currently under construction.

The plan calls for a 31-storey tower that includes:

  • 274 units;
  • 58 studios, 87 one-bedrooms; 89 two-bedrooms & 40 three-bedrooms;
  • a total density of 3.60 FAR;
  • a total building height of 327 feet;
  • 331 underground parking spaces.

The application describes the design rationale: “Key architectural elements of the apartment building include the use of a series of “woodstyle” frames that zig-zag along the east and west elevations, juxtaposed by a south elevation that is air-like in character and defined by two vertical fins that extend from a sloped building roof feature to the base of the building and extensive use of glazing material. Architectural features, materials and colour palette from the apartment building are replicated in the townhouse buildings, unifying the overall development. It is also noted that the townhouses, which are two-storeys in height, are designed to have a three storey appearance in order to provide a continuous street wall that also relates to adjacent developments in the neighbourhood.”

The architect for the project is Buttjes Architecture.

Belford acquired the site in 2017 for $40,000,000.

April 23, 2018by david.taylor@colliers.com
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David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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