Pennyfarthing Development Corp. has made an application to rezone an assembled site at 357-391 West King Edward Avenue (one block East of Cambie) from RS-1 to CD-1 District. The proposal is for a residential development consisting of one 4-storey building and 2-storey townhouses along the lane.
The proposal includes:
The 22,956 SF site was assembled last year for a total of $6,985,000, representing $162 per buildable SF.
Learn more: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/357-391wkingedward/index.htm
Another application for a rental apartment project has been submitted under the Rental 100 incentive program; this time in South Vancouver. The application is to rezone 7350 Fraser Street from RT-2 to CD-1 to allow a 6-storey rental building that includes:
Learn more here: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/7350fraser/index.htm
The District of North Vancouver is in the final stages of consultation and planning regarding the Edgemont Village Centre Plan. The Plan has been in the works for several years, and finally began a process of public consultation in February 2013; partially as a result of development proposals forthcoming on the old Petro Canada site, as well as Grosvenor’s SuperValu site.
Learn more on the District’s site: http://www.dnv.org/upload/documents/Council_Agendas_Minutes/140205CW_AGN.pdf#page=1
A recent B.C. Supreme Court decision has paved the way for owners of an apartment and townhouse complex in North Vancouver to sell to a developer – despite the wishes of some owners to stay put.
B.C. Supreme Court Justice Lauri Ann Fenlon recently sided with the majority of owners of Seymour Estates on Lytton Street, who asked the court to approve the sale of the entire property.
That decision satisfied the vast majority of owners, who argued in court they’ll get more money by selling as a group than they could individually and avoid potentially costly repair bills as the 40-year-old complex ages.
For a small group of owners, however, the decision could force them to move off the North Shore, where they have community ties, if they can’t find similar affordable housing – or out of the housing market entirely.
Read more: http://www.nsnews.com/news/judge-backs-forced-sale-of-north-vancouver-complex-1.810849
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
12-unit Gleneagles townhouse project proposed in West Vancouver
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
