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Condo, Development, Retail

Market Spotlight: North Vancouver Proposals

Here is a look at some of the current preliminary development proposals that are in the works in the District of North Vancouver.

1080 Marine Drive

Staburn Group is planning a new 4-storey residential and retail building on this site which has been a Blueshore Financial location.

The proposal includes 32 condos above 6,896 SF of retail space with 76 parking spaces (62 for residents, 14 for retail customers). The Official Community Plan designates this site as Commercial Residential Mixed-Use Level 1 (CRMU1). The total proposed density is 1.75 FSR.

The retail component is actively being marketed for sale or lease by Colliers.

Staburn acquired the site from Blueshore in 2017 for $7,600,000.


1235 Marine Drive

This former Subaru dealership is proposed to be redeveloped to allow a new 4-storey condo above retail project consistent with the OCP for the Marine Drive corridor.

The rezoning application proposes 39 condos above 6,772 SF of retail space with 62 parking spaces. Similar to 1080 Marine Drive, the proposal seeks a density of 1.75 FAR.

The architect for this project is Proscenium Architecture.


1900-1950 Sandown Place

This application is for an assembly of three single family lots on Sandown Place, just West of Capilano Road in the Lions Gate Village townhouse area.

The application as submitted proposes 22 townhomes in a three-storey building with 44 parking spots in an underground parkade. The total density is 1.20 FAR.

The architect for this project is Matthew Cheng Architect Inc.


2045-2075 Old Dollarton Road

A rezoning application has been submitted for this 12,368 SF site in the Maplewood Village area of North Vancouver.

The application as submitted proposes 36 condos above 4,148 SF of commercial space in a 5-storey building with 60 parking spaces (41 for residents, 9 for visitors, 10 for retail customers). The total density is 2.50 FAR.

The site sold in 2018 for $5,500,000, and more recently has been listed for sale by CBRE.


3700-3718 Edgemont Boulevard

The owner of this heritage fourplex on Edgemont Boulevard between Edgemont Village and Capilano Road has submitted a prelinary application to redevelop the site.

The application proposes relocating the existing heritage fourplex on the site, and then adding either: 

  • an additional 25 duplex homes (for a total of 29 homes) plus 40 parking stalls in an underground parkade, or
  • an additional 33 row homes (for a total of 37 homes) plus 51 parking stalls in an underground parkade
  • a total density of 0.84 FAR in either scenario.

In both options, the relocated fourplex would be fully restored, designated as a heritage resource, and secured as below-market rental housing for low to moderate income families for a minimum of 10 years.

The site sold in 2018 for $5,120,000.

March 25, 2020by david.taylor@colliers.com
Development

Arbutus Street Land Assembly Sells in $19M Deal

PCI Group has acquired a 33,000 SF site comprised of five single family lots on Arbutus Street between West 20th Avenue and West 21st Avenue. The total purchase price was $19,150,000, or $3,830,000 per lot. The price equates to $580 per land SF.

There is no rezoning application made public yet, though the site would potentially allow for rental apartments.

March 24, 2020by david.taylor@colliers.com
Apartment, Development

CIBT Completes $30M Acquisition of Oakridge Tower Site

CIBT Education Group has completed the acquisition of three lots in the Oakridge area of Vancouver for $30,300,000. The 18,791 SF site is located on the North side of West 42nd Avenue just East of Cambie Street, and is in an area designated for towers up to 18-storeys.

CIBT recently filed a rezoning application for a 124-unit student housing project.

The sale price equates to $226 per buildable SF based on the rezoning application.

March 18, 2020by david.taylor@colliers.com
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