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Apartment, Development

Broadway & Alma Site Slated for Rental Development

Westbank Corp. has filed their rezoning application for the 23,234 SF site at the Northwest corner of Broadway and Alma Street. The site at 3701-3743 West Broadway is currently zoned C-2 and is currently improved with an old strip retail property.

The rezoning proposal is for a 6-storey mixed-use project, which includes:

    • 94 secured market rental units;
    • 59 studios, 1 one-bedroom, 33 two-bedrooms, 1 three-bedroom
    • 7,190 SF of retail space
    • A total density of 3.15 FSR;
    • A building height of 64 ft.; and
    • 99 parking spaces.

3701 West Broadway3701 West Broadway_13701 West Broadway_23701 West Broadway_3This application is being considered under the Affordable Housing Choices Interim Rezoning Policy. The architect for this project is Henriquez Partners.

The site was acquired by Westbank in 2011 for $9,443,000 or $121 per buildable SF based upon the current rezoning application.

February 6, 2017by david.taylor@colliers.com
Apartment, Development

Plan for Site Next to Canada Line Station Includes 10-storeys

A rezoning application has been submitted for a site on Cambie at West 48th Avenue that includes a vacant lot that was left over after the Canada Line was completed. The plan for the two lot assembly is an interesting one and a slight departure for Cambie in that it proposes a 10-storey building that includes:

  • 59 residential units;
  • 12 one-bedrooms, 41 two bedrooms, 6 three-bedrooms
  • 1,069 SF of retail at grade;
  • a building height of 108 ft.;
  • a total density of 3.87 FSR; and
  • 44 underground vehicle parking spaces and 74 bicycle parking spaces.

478 48478 48_1478 48_2478 48_3The application is being considered under the Cambie Corridor Plan.

The architect is Hotson Architecture.

The two lots were assembled for a combined price of $11,800,000, or $198 per buildable SF.

February 6, 2017by david.taylor@colliers.com
Development

Construction Update: Connaught Edgemont Village

Here is a construction update for Connaught in Edgemont Village in North Vancouver. The 82-unit concrete project by Grosvenor is now close to sold out and excavation is nearly complete. When completed the project will contain a Thrifty’s to replace the Super Valu grocery store that previously occupied the site.
IMG_6093Photo courtesy 604 City on Flickr

February 3, 2017by david.taylor@colliers.com
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