M28 Holdings Ltd. has submitted a development application for a 75′ x 112′ site at the Southeast corner of 28th and Main for a new rental apartment building. The C-2 zoned site is currently occupied by single storey retail including Le Gent Antiques on the corner.

The new development will be 4-storeys and will include:

• retail and restaurant uses on the ground floor;
• 21 rental market rental units;
• a total density of 2.5 FSR;
• a building height of 45 feet;
• two levels of underground parking accessed from the lane.

Under the site’s existing C-2 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The site sold in December 2016 for $6,980,000, or $341 per buildable SF based on the application.

1985 West Broadway has sold to The Property Management Group for $39,000,000. The 5-storey ‘A’ Class building, known to most as the Wawanesa Building at Broadway and Maple, was built in 1985 and totals 50,981 SF. The sale price equates to $765 per SF, or a 3.30% cap rate. Wawanesa was the seller in the transaction.

The property had been listed for sale by Avison Young. Below is a marketing video depicting the property:

The C-3A zoned property is located on a 17,280 SF site just a block East of what is anticipated to be a future transit station at Arbutus.

Port Living has submitted a rezoning application for a site at 2202 Main Street, on the Southeast corner of 6th and Main in Mount Pleasant. 

The 17,445 SF site, currently occupied by Blue Star Motors and a 2-storey commercial building, is currently zoned IC-2 but has rezoning potential as part of the Mount Pleasant Community Plan.

The proposal, entitled “Main Street Arts”, is to permit the development of a 6-storey mixed use building that includes:

• • 65 condo units;
  • 19 studios, 19 one-bedrooms, 17 two-bedrooms and 10 three-bedrooms;
  • 9,614 SF of at-grade retail plus 6,617 SF of below ground retail;
  • A total density of 3.86 FSR;
  • A building height of 74.5 ft;
  • 99 parking spaces (including 1 car share space); and
  • 2 Class B loading spaces.

The architect for the project is Studio B Architects. 

I am pleased to introduce this remarkable corner site on Commercial Drive in the burgeoning Grandview Woodland area of East Vancouver. The site represents a rare opporunity to develop a 6-storey market residential building just 3 minutes from one of Vancouver’s busiest transit hubs – Commercial/Broadway Skytrain Station.

Brochure – 1650 East 12th Ave – E Copy

Adera Development has submitted a rezoning application to the City of North Vancouver for a former TELUS property at 8th and Lonsdale (south of East 11th). The site is triangular in shape and totals 62,543 SF. The proposal would include the retention of portions of the existing TELUS utility building which occupies the easternmost extent of the site; the site would be subdivided and 30 parking spaces would be provided for TELUS‘ use within the new residential development to the West.

The proposal, entitled Lonsdale Cityhomes, includes two new 6-storey residential buildings and a mix of townhouses. Details include:

• 179 units;
• Sizes varying from 600 to 1,900 SF;
• a total density of 2.60 FAR;
• a total CAC of $8,756,020;
• 235 parking spaces

The lot is zoned Residential Medium Density 1 (RM-1) with an Official Community Plan designation of Residential Level 5. The OCP allows for a density of 1.6 FSR and a potential for an additional bonus of up 1.0 FSR in accordance with the Density Bonus and Community Benefits Policy. 

The architect for the project is Integra Architecture.