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Apartment, Development, Retail

212 Rental Units Planned for East Hastings Block Under MIRHPP

Two rezoning applications have been submitted by PCI Group for two separate sites that bookend the 3600 Block of East Hastings Street near the Burnaby border in the City of Vancouver.

The applications seek two 14-storey rental apartment towers under the Moderate Income Rental Housing Pilot Program, which allows rezoning to higher densities in exchange for 20% of the density designated for moderate income households.

3680 East Hastings Street was sold by our team in 2018.

The details of the two proposals are as follows:

3600 East Hastings Street (at Kootenay Street)

  • 94 rental units;
  • 8,036 SF of retail at grade;
  • a total density of 7.10 FSR;
  • a building height of 158.2 ft.; 
  • 41 underground parking spaces and 125 bicycle spaces.

3680 East Hastings Street (at Boundary Road)

  • 118 rental units;
  • 10,461 SF of retail space at grade;
  • a total density of 6.90 FSR;
  • a building height of 164.4 ft.; 
  • 57 underground parking spaces and 156 bicycle spaces.

The architect for the project is BHA Architecture.

April 12, 2019by david.taylor@colliers.com
Apartment, Development

80-Unit Rental Building Planned for East Van Site Under MIRHPP

A rezoning application has been filed under the City’s interim Moderate Income Rental Housing Pilot Program for a new rental project in East Vancouver. The site at 1956-1990 Stainsbury Avenue lies just West of Victoria Drive in the Kensington-Cedar Cottage neighbourhood. The site lies just a few hundred meters from Nanaimo Skytrain Station.

The total site area is 23,005 SF, and the plan calls to rezone from RS-1A to allow for a 5-storey rental residential building. The proposal includes:

  • 80 rental units with 20% of the residential floor area assigned to moderate income households;
    • 28 studios, 22 one-bedrooms, 18 two-bedrooms and 12 three-bedrooms; 
  • a total density of 2.59 FSR;
  • a building height of 52 ft.; 
  • 34 underground parking spaces (including two carshare spaces);
  • 198 bicycle spaces.

The application describes the public benefits of the project: “This combined affordable and market rental building provides the unique opportunity to add to the social fabric of the surrounding community and exceeds many of the minimum requirements set forth in the MIRHPP policy requirements. Importantly, there is no impact on existing rental units or tenants and as such, the proposed Stainsbury Project is a pure addition of 80 units to the City’s existing rental stock.” 

The architect for the project is Carscadden Stokes McDonald Architects

April 12, 2019by david.taylor@colliers.com
Development, Investment

FOR SALE: Main Street Redevelopment Opportunity with Holding Income

We are pleased to introduce 4575 Main Street – an opportunity to purchase a prominent redevelopment site with secure holding income. The C-2 zoned auto dealership is located on a 25,341 SF lot and offers the opportunity to secure a 5-year leaseback at land value.

Please view our brochure here: 4575 Main Street_Final_E

April 10, 2019by david.taylor@colliers.com
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