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Development, Market Research

City of Vancouver Preparing Plan for False Creek South Land Leases

The City of Vancouver Council will receive a staff report this week providing an update and high-level strategy to deal with the long-term land leases covering much of the False Creek South neighbourhood. What will likely follow is a multi-year planning process that will pave the way for redevelopment of some portions of the land.

False Creek South covers 136 acres extending along the waterfront from the Burrard Street Bridge to the Cambie Street bridge (excluding Granville Island), and it includes 23 acres of parks. About 80% of the land is owned by the City and was developed primarily in the 1970’s as either market strata, rental apartments, or co-ops.

FCS

Most of the housing on City-owned land are on ground leases, the majority of which are set to expire between 2036 and 2046 (with one co-op expiring as early as 2022. This includes 669 residential strata units and 48 commercial strata units.

FCS_1 FCS_2

The City is now proposing to work over the balance of 2016 to establish a foundation before a new community plan is developed in the coming years. Overall work includes:

1. Lease-end Payment Methodology
City staff continue to work with the provincial government and to consult with False Creek South strata leaseholders to clarify the methodology for determining the fair market value of each strata leaseholder’s interest in the strata lot upon expiry of the strata lot lease.
2. Co-op and Non-profit Residential Leases
The GM, Community Services report back to Council in Fall 2016 with a timeline for negotiating False Creek South co-op lease renewals in context of a broader non -market housing end- of-lease strategy framework.
3. Landowner Due Diligence
In its role as the major landowner in False Creek South, the City will evaluate the costs, benefits and implications of various renewal, extension and redevelopment options while recognizing the importance of providing certainty for leaseholders.
4. Affordable Options to Remain in Neighbourhood
City staff work with the False Creek South Neighbourhood Association, to explore affordable housing options for False Creek South residents to remain in the neighbourhood, in line with the City’s affordable housing policies and programs.
July 11, 2016by david.taylor@colliers.com
Development, Office

55,000 SF Office/Industrial Building Planned for Mount Pleasant

Champion Development Group Inc. has applied to the City of Vancouver for permission to develop a 18,128 SF site at 151 West 5th Avenue, on the NOrth side of West 5th between Columbia and Manitoba Streets. The plan is for  a new 4-storey mixed use building consisting of:

    • Manufacturing uses on the ground floor and mezzanines;
    • General Office uses on the 2nd through 4th floors;
    • 95 parking spaces in an underground parkade; and
    • total density of 3.00 FSR (54,291 sq. ft.).

Under the site’s existing I-1 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The application describes the design concept:

“The design intent for the project is to create a high-quality, mixed-use development with offices, industrial uses, and collaboration spaces that will enhance the existing neighbourhood and its industrial zone. The overall form and character of the building is inspired from the industrial history of the area and is celebrated in a modernized building to service contemporary industries and office tenancies.


The building is designed with the ability to service small and large scale tenants and the spaces are planned for flexibility and various business types. Double height industrial space on the ground floor with mezzanine space will serve potential manufacturing, storage or production companies while the upper office floors will provide open spaces with access to the outdoors.”
151 West 5th 151 West 5th_1 151 West 5th_2 151 West 5th_3The architect for the project is DYS Architecture.
July 9, 2016by david.taylor@colliers.com
Development

Cressey Planning 74-Unit Project on Cambie

Cressey has applied to the City of Vancouver to rezone a 4-lot assembly sold by our team in 2015 for $20.4 Million.

The plan for the 36,637 SF site at the Northwest corner of Cambie and West 31st Avenue is for two 6-storey residential buildings that include:

  • 74 residential units;
  • 26 one-bedrooms, 27 two-bedrooms and 21 three-bedrooms
  • maximum building heights 69 ft. and 71 ft. from grade;
  • a total density 2.36 FSR; and
  • 157 vehicle parking spaces and 101 bicycle spaces.

The application is being considered under the Cambie Corridor Plan.

Cressey1cressey2 cressey3

July 6, 2016by david.taylor@colliers.com
Market Research

Updated Grandview Woodlands Plan Unveiled

After initially launching the planning process for the Grandview Woodlands neighbourhood of East Vancouver in March 2012, the City of Vancouver has released what is expected to be the final draft of the plan that will go to Council for approval in the next few weeks.

The initial draft concept plan caused widespread opposition and resulted in the City pulling back by forming a Citizens’ Assembly and subsequently a two year process of community engagement.

GW2

The resulting draft plan, which was released this weekend, contains few surprises, but generally lays out how the area is likely to be developed in the coming years in an area forecast to grow to 43,500 people by 2041.

Here is a sub-area breakdown for those unfamiliar:

“The Drive”

GW31. Retain the existing mixed‐use zoning (4-storeys or less) throughout the core blocks of Commercial Drive.
2. Maintain the pattern of smaller, individual retail frontages to help keep The Drive eclectic and active.
3. Outside of core and only on larger sites at the East 1st Avenue node, allow buildings up to 6-storeys/3.0 FSR to provide new housing.

Grandview

GW7

1. Modify regulations to discourage demolition of pre‐1940 houses.
2. Expand the duplex areas and revise regulations to encourage new infill housing.
3. Preserve the small‐scale local serving shops.
4. On arterial streets and in transition areas near transit routes on Hastings and on Broadway, allow a mix of four‐ storey apartments and rowhouses for families.
5. In the apartment district at the north end, allow buildings up to 6‐storeys / 2.4 FSR to provide renewed and additional secured rental housing while protecting character streetscapes.

HastingsGW4

1. Create a new gateway area near Clark Drive that incorporates renewed cultural, social and heritage assets, along with non‐market and other housing, with the tallest buildings at 18‐storeys. Range of densities highest at 4.0 to 5.6 FSR.
2. Improve pedestrian comfort along Hastings Street with public plazas that will activate and unify the street.
3. Support renewal and expansion of key social facilities such as those provided by the Urban Native Youth Association and the Vancouver Aboriginal Friendship Centre.
4. Step buildings down to heights in the 8‐ to 10‐storey range (3.0 – 4.0 FSR) as one goes eastward up the hill towards Victoria Drive and provide new rental and ownership housing.
5. Retain the existing mixed‐use zoning (4-storeys or less) in the Hastings Village shopping area near Nanaimo Street.
6. Allow for 100% secured market rental housing in buildings up to 6-storeys in the central portions of Hastings Street.

Cedar CoveGW5

1. Maintain the existing protected rental housing stock while allowing for managed rental replacement and new supply in buildings up to 6-storeys (2.4 FSR) in the area west of Nanaimo Street and up to 4-storeys on the eastside of Nanaimo Street.
2. Expand the neighbourhood shopping node at Dundas and Wall to allow for more services closer to home.
3. Preserve the significant character streetscapes that have been identified.
4. To the north of the shopping node, encourage expansion of Oxford Park by allowing for mixed‐use buildings in the 8 to 12-storey range (3.2 FSR).
5. Protect the city’s industrial and port‐related jobs while improving the interface with residential areas.

Britannia WoodlandGW6
1. Maintain the existing protected rental housing stock while allowing for managed rental replacement and new supply in buildings up to 6-storeys / 2.4 FSR.
2. Preserve significant character streetscapes that have been identified and allow infill housing to encourage retention of older buildings.
3. On selected blocks on Pender Street, adjacent to the new gateway neighbourhood along Hastings Street, allow buildings up to 10-storeys / 3.2 FSR  to achieve new non‐market and other housing.
4. Retain space for local jobs and improve the interface between industrial and residential uses.

Nanaimo

GW8

1. Allow ground‐oriented housing, such as rowhouses suitable for families, along much of Nanaimo Street.
2. At commercial shopping nodes, allow mixed‐use buildings of between 4 and 6-storeys (2.0 – 3.0 FSR) to help bring new life to the local shopping nodes.
3. Improve pedestrian comfort in the public realm to activate and unify the street.

Commercial‐Broadway Station Precinct

GW91. Create a new social heart for the community with a new civic plaza as part of a renewed Safeway site with ground‐floor commercial uses and new housing in buildings ranging from 12‐ to 24‐storeys (up to 5.7 FSR).
2. Near the station, allow mixed‐use and mixed‐tenure buildings ranging from 6 to 10-storeys.
3. In the Station Precinct residential areas, maintain the existing protected rental housing stock while allowing for managed rental replacement and new supply in 4 to 6‐storey buildings and 10‐storey buildings (4.0 FSR) on larger sites, provided that all new units are secured as rental housing.
4. Allow 6‐storey buildings on East Broadway and rowhouses in selected areas to provide family housing close to transit.
5. In the low‐scale, traditional character area located west and south of the transit station, allow duplex and two‐family dwellings with a focus on infill housing to retain character buildings.
6. Create new office space close to the rapid transit station.


How quickly the Grandview Woodlands plan area develops will be partially dependent upon market conditions but will also be shaped by the way in which the City of Vancouver will allow development to proceed per the Plan.

As was the case with both the Marpole Community Plan and the West End Community Plan, the Grandview Woodlands Community Plan divides the plan area into different sub-areas; effectively rezoning many areas and leaving others to be rezoned by proponents in the future. This ensures that larger scale projects will go through a typical rezoning process and smaller duplex and rowhouse projects will simply require development permits.

The proposed two areas are broken down as follows:

City-Initiated Rezoning Areas

These areas will be effectively “rezoned” and therefore will not require a lengthy application process and public hearing for each development.

GW12Privately Initiated Rezoning Areas

The map below depicts areas that will require a developer or building owner to apply for a rezoning and go through a typical rezoning process.

GW10Community Amenity Contributions (CACs)

Below is a map outlining where there will be a fixed-rate CAC target and where CACs will be negotiated on an application basis.

GW11A full copy of the draft Grandview Woodlands Community Plan can be downloaded at the City’s website: http://vancouver.ca/home-property-development/grandview-woodland-community-plan.aspx

June 27, 2016by david.taylor@colliers.com
Development

23-Storey Tower Proposed for Brentwood

Amacon‘s proposed rezoning of a 40,000 SF site in the Brentwood Town Centre area of Burnaby is seeking approval to move to public hearing. The site at 2285 Willingdon is comprised of an assembly of four older industrial buildings, and is located at the Northwest corner of Willingdon Avenue and Juneau Street. The proposed project anticipates rezoning under the RM4s designation. The plan calls for a 23-storey condo tower above underground parking including:

  • 147 condo units
  • 39 one-bedrooms, 92 two-bedrooms & 16 three-bedrooms (including 5 townhouses)
  • total density of 3.6 FAR
  • amenities including rooftop deck, game room, gym, spin room, yoga studio
  • 5,181 SF of amenity space
  • 201 parking spaces
  • 21 electric vehicle charge stations

2285 Willingdon

June 27, 2016by david.taylor@colliers.com
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howard__24 Howard Chai @howard__24 ·
21h

Exclusive:

Brookfield has flipped the Shangri-La Vancouver (now Hyatt) retail podium to Aquilini Group for $55 million. Brookfield bought the property last summer.

Full story:

https://howardchai.substack.com/p/shangri-la-vancouver-hyatt-retail-brookfield-aquilini

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vancouvermrkt Vancouver Market @vancouvermrkt ·
22 Feb

SOLD: East Vancouver Retail & Apartment Building
https://vancouvermarket.ca/2026/02/22/sold-east-vancouver-retail-apartment-building/

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northshorenews North Shore News @northshorenews ·
17 Feb

12-unit Gleneagles townhouse project proposed in West Vancouver

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vancouvermrkt Vancouver Market @vancouvermrkt ·
31 Jan

A new proposal has surfaced for the parking lot next to Waterfront Station.

The redesigned project includes a 26-storey, 416,000 SF office tower, shaped like a tree, cantilevered over the existing station building.

Architect: James Cheng

Details: https://bit.ly/46aUB0W

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