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Development

Avalon Dairy Developer Prepares Revised Proposal

A plan to develop the former Avalon Dairy property at 5805 Wales St. hit a snag earlier this month when the Urban Design Panel (UDP) voted 7-0 against a revised version of the proposal. But city staff say the proponent is working on further revisions based on advice from the UDP and is tentatively scheduled to go back before the panel March 26.

The UDP is an advisory body to the city. Its decisions are not binding on the city.

Avalonna Homes bought the Avalon Dairy property for $6 million in 2011. It’s zoned single-family residential, so the owner could subdivide it into 10 or 11 lots, but the city is willing to consider extra density in order to preserve the Craftsman-style farmhouse on the lot, which Avalon founder Jeremiah Crowley built in 1908.

The UDP voted unanimously against an earlier proposal in 2013. Brian Jackson, the city’s manager of planning and development, told the Courier that the panel cited many reasons, including too much density, the need for more space in front of the house for urban agriculture, concern about shadow impacts on the open space, and that the buildings are too close together and not family friendly.

Read more: http://www.vancourier.com/news/developing-story-avalon-developer-prepares-revised-proposal-1.805449

January 29, 2014by david.taylor@colliers.com
Development

Shape Looks to Rezone for first Brentwood Mall Tower

The first tower being proposed in the transformation of Brentwood mall could give Burnaby a big boost in rental housing.

“A total of 591 apartment units are proposed, 300 of which are intended to be purpose-built rental units to be owned and operated by the developer, Shape Properties Corp. and their funding partners,” said a city staff report.

Shape Properties, which owns the mall, has applied for a rezoning of the southwest corner of the 28-acre mall site to allow for a 53-storey tower on top of a three-storey commercial podium for which it earlier applied for a rezoning…

The first tower would be located atop the commercial podium at the corner of Willingdon Avenue and Halifax Street. The project would include two separate lobby areas complete with concierge services and elevators at ground level, with the rental lobby facing Willingdon and the strata lobby fronting onto Halifax.

The first floor of the tower, on top of the podium, would be a combined rental and strata amenity level, including a fitness facility, media and games rooms, lounge, kitchen and dining area and two guest suites.

From there, the first 25 floors will accommodate the rental units and the upper 27 levels will be designated for condominiums.

http://www.burnabynewsleader.com/news/242424331.html

January 29, 2014by david.taylor@colliers.com
Development

FOR SALE: Westside Development Site

526-548 W King Edward526, 536 & 548 King Ed Brochure

January 23, 2014by david.taylor@colliers.com
Development, Investment

Onni Acquires Gilmore Site in Burnaby

Onni announced via instagram today that they have acquired the 12.5 acre Gilmore Station area lands from Standard Life. The site, which is partially vacant, and partially occupied by industrial and office buildings, sold for a reported $110 Million.

Gilmore Lands

 

January 23, 2014by david.taylor@colliers.com
Investment, Office

New Westminster Aims to Sell Merchant Square in 2014

The City of New Westminster is optimistic it will sell Merchant Square, if this year’s budget is any indication.

Colleen Ponzini, the city’s manager of financial services, said the 2014 budget projects the sale of the Merchant Square officer tower that’s now under construction on Columbia Street. If the city doesn’t sell the office tower, she said the city would see a “significant increase” in bank charges related to the loan authorization bylaw.Merchant Square

“The plan is to have it sold, and we pay it back in this current year,” she told council at its Jan. 20 committee of the whole meeting.

According to Ponzini, the city will be incurring some new debt under the loan authorization bylaw. She said a good portion of the $570,000 debt would be for Anvil Centre and the office tower.

New Westminster city council received a staff report on the 2014 to 2018 financial plan, which includes the 2014 budget. The city is proposing a 1.28 per cent tax increase in 2014, which would rise to 2.59 per cent if a number of priority initiatives proposed by staff are included.

Read more: http://www.royalcityrecord.com/new-westminster-aims-to-sell-merchant-square-in-2014-1.795848#sthash.QG644KYy.dpuf

January 22, 2014by david.taylor@colliers.com
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howard__24 Howard Chai @howard__24 ·
5 Mar

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

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vancouvermrkt Vancouver Market @vancouvermrkt ·
22 Feb

SOLD: East Vancouver Retail & Apartment Building
https://vancouvermarket.ca/2026/02/22/sold-east-vancouver-retail-apartment-building/

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northshorenews North Shore News @northshorenews ·
17 Feb

12-unit Gleneagles townhouse project proposed in West Vancouver

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vancouvermrkt Vancouver Market @vancouvermrkt ·
31 Jan

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

4

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