By ChangingCity
This 6-storey residential over retail building will need to get a rezoning before the developer can obtain a Development Permit. It’s featured on the website of the architects, Studio One, and is in the Mount Pleasant Plan stretch of Main Street that allows a change to residential on upper floors. The plan limits heights in the central stretch of 2nd to 7th, so this Main and 4th Avenue project (on the west side) looks to meet the requirements of the plan.Source: Changing City
The Inverness Apartments located at 1325 Pendrell Street in the West End has sold for $5,170,000, or $246,224 per unit. The two-storey, 21-unit heritage style building was listed for sale back in May for $5,275,000, or a 3.5% cap rate.
Ledingham McAllister is proposing a 150-unit townhouse and low-rise apartment development for a 152,707 SF site encompassing 12 lots between Cameron Street and Beaverbrook Drive in the Lougheed area of Burnaby. The proposal consists of four individual townhouse buildings separated from each other by landscaped courtyards and pedestrian walkways, with a 3-4 storey apartment component at the corner of Cameron Street and Noel Drive. The total density conforms to the RM-2 guidelines of 0.9 FAR.
