Anthem Properties have submitted a rezoning application for the Ridgeway School Annex site, a 62,285 SF site at East 5th and Ridgeway Avenue in the City of North Vancouver; a few blocks East of Lonsdale. Anthem acquired the site from the North Vancouver School District in 2013, subject to rezoning. Since the announcement of the sale, Anthem has been holding community consultation.

The site is an “L” shape and was originally nine single family lots before the development of the Ridgeway School in the 1950’s. The site is currently zoned P-1 Institutional, but the plan is to rezone to reflect the surrounding RS-1 single family area. The plan calls for nine single family homes, each with coach houses.

A development application has been filed for a triangular site at the Northeast corner of Fraser Street and East 17th Avenue. The site is zoned C-2 which allows for a maximum density of 2.5 FSR. Project details include:

• 4-storey building
• retail/restaurant use on the ground floor (fronting Fraser Street)
• residential units on the 2nd, 3rd and 4th storeys
• total of 30 condo units
• 29 underground parking spaces

The site does not include the small lot just to the North on Fraser. The architect notes: “Our development team has approached the owner on a number of occasions to purchase the site but we have been unsuccessful in assembling it into the parcel.”

The site was acquired in 2007 by Mangat Property Group Ltd. for $2,000,000, or $67 per buildable SF.

Mount Pleasant has increasingly become a target for new residential development given the attraction to primarily a younger demographic. Resales data for the last 6 months in Mount Pleasant shows an average resales value of $686 per SF for units less than 4 years old at time of sale.

LW & Chen Development has applied to rezone a 26,142 SF site near the corner of Cooney Road and Park Road in Richmond. The plan calls for a rezoning under the Brighouse Village (City Centre) zoning to allow a 49 unit mid-rise and townhouse complex.

The site is located in the Urban Centre T5 zone, which allows a maximum of 1.2 FAR plus a bonus of 0.8 FAR which is conditional upon compliance with the Affordable Housing Strategy

Project details include:

• Consolidation of three lots (6740 Cooney Road, 6731 Eckersley Road and 6751 Eckersley Road)
• 41 apartment units, 8 townhouses all above underground parking
• A total density of 2.0 FAR
• 6-storey midrise building with 3-storey townhouses
• Contribution of cash in lieu of affordable housing (less than 80 units)

An application has been made by SVM Developments to rezone a 23,923 SF site  at 6989-7029 Royal Oak Avenue in Burnaby from R5 to CD to allow a 3-storey, 23-unit stacked townhouse development with underground parking.

Royal Oak is an emerging area with predominantly ground oriented townhouse and 4-storey development. Prices are rising due to its walkable location to Metrotown and relative affordability compared to highrises closer in to the core.

A portion of the site at 7029 Royal Oak Avenue was purchased from the City of Burnaby in November 2013 for $112 per SF of land.

Further details include:

• a density of 0.9 FAR
• Total floor area of 20,684 SF
• 23 Two-bedroom townhouse units
• 41 underground parking stalls