The former Gardenworks site at 705 West 3rd Street in North Vancouver has sold to Western Canadian Properties Group for $14,400,000.

The 24,346 SF site has an approved rezoning application for a 6-storey, 70-unit rental building with a child care facility on the ground floor. The plans had been developed by a joint venture between Omicron and Lotus Pacific, who had originally acquired the site in 2017. The site is essentially ‘shovel ready’.

The sale price equates to $237 per buildable SF based on the approved density of 2.50 FSR.

Cape Group has submitted a rezoning application for a site at 320 East 2nd Avenue in the Mount Pleasant area of the Broadway Plan.

The site is located in the Mount Pleasant Centre – Area H Subarea of the Broadway Plan.

Construction had started on a previously approved 5-storey, 95-unit rental project. The partially excavated site has been on pause awaiting the new application for a tower.

The proposal for the 20,249 SF site is a 20-storey building with a 5-storey podium and includes:

• 139 condo units
• 26 social housing units (20% of the floor area)
• 6,300 SF of ground floor retail space;
• 15,000 SF of 2nd floor office space;
• a total density of 7.00 FSR;
• A building height of 238 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Chris Dikeakos.

City of Coquitlam council has released a report outlining the timing, process and scope of their OCP update.

As with other municipalities, work was already underway on an OCP review as of 2023 before the Provincial legislation changes. Now, the in-progress OCP review has been tweaked to accommodate the new legislation.

Coquitlam’s last full OCP was completed in 2002 and has been updated incrementally through various neighbourhood plans.

The staff presentation identifies potential land use designations:

Planning staff is now proposing an overhaul of the OCP, streamlining it by consolidating all neighbourhood plans into a single consolidated OCP, with all maps in dedicated schedules.

The report outlines the OCP update project as follows:

The OCP Review project is scheduled for completion in fall 2025, well ahead of the December 31, 2025 deadline for the provincial housing legislation OCP updates. The three high-level phases of the project are:

1. Prepare (completed): review and analyze existing content to inform and
   support the overall project;
2. Update (Summer 2024-Spring 2025): draft the necessary changes and
   prepare new draft document; and
3. Adopt (Summer-Fall 2025): bring a draft of the updated OCP forward for
   consideration and adoption.

The report outlining the OCP review can be viewed here: https://coquitlam.ca.granicus.com/MetaViewer.php?view_id=2&event_id=1788&meta_id=75600

Fiera Real Estate has submitted a rezoning application for a site at 396 East 2nd Avenue in the Mount Pleasant neighbourhood.

The site is located at the corner of East 2nd and Brunswick Street, just South of Great Northern Way, and is in the Broadway Plan Mount Pleasant North Apartment Area – Area A. The 27,790 SF site is currently improved with an older 53-unit walkup apartment building.

The proposal is to allow for the development of a 22-storey rental building with a 6-storey podium and includes:

• 273 rental units with 20% below-market;
• a total density of 6.50 FSR;
• A building height of 214 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Kasian Architecture. Colliers International’s Strategy and Consulting Group is the development manager for the project.

Sightline Properties has submitted a rezoning application for a site at 4975-4997 Joyce Street in the Joyce Collingwood area of East Vancouver.

The 13,859 SF site is located on the West side of Joyce Street half a block from the Skytrain Station.

The proposal is for a 38-storey rental tower that includes:

• 408 market rental units with 10% below-market rental;
• 3,700 SF of ground floor retail space;
• a total density of 18.89 FSR;
• A building height of 384 ft. with additional height for rooftop amenity space.

This application is being considered under the Joyce-Collingwood Station Precinct Plan. The application requests consideration of height and density in excess of the existing policy.

The architect for the project is Ciccozzi Architecture.