The City of Vancouver has released a report outlining proposed by-laws to implement rezoning policy under the Provincial Legislation: Bill 47 for transit oriented areas.

The proposed rezoning policy includes the following:

• Land Use Framework: The rezoning policy generally follows the tiers identified in the
  TOA Policy Manual for heights and densities, with some minor adjustments:
  • For Tier 1 (200m, 20-storey inner ring), the density has been increased from a Floor
    Space Ratio (FSR) of 5.0 to 5.5 FSR
  • This also applies to certain RM-zoned properties in the Commercial-Broadway Station Precinct of the Grandview-Woodland Community Plan that are up to 400 m from the Station.
  • In all tiers, the policy will also support applications for low-rise market rental developments of 4- or 5-storeys, and 6-storeys with 20% below-market rental, which could be rezoned directly into existing rental residential (RR) district schedules rather than custom zones for each site.
  • Ground floor commercial required where it aligns with existing area plans, or on arterial sites within 400 meters of a station, otherwise at option of developer.
• Tenure & Affordability: Proposals seeking to maximize height and density in all Tiers (20-storey,
  12-storey and 8-storey rings), will be required to:
  • Secure 100% as rental, with a minimum 20% as below-market rental; or
  • Deliver 30% as “turn-key” social housing.
• Tenant Protection: The same enhanced tenant stability and protection policies approved for the Broadway Plan are included in the TOA Rezoning Policy.
• Heritage: Properties may be limited in historic areas or for properties with an HRA. 10% additional density available for sites that retain, conserve or designate heritage on site.
• Infrastructure: upgrades may be required and can be confirmed and/or implemented during the rezoning process.
• Process: A rezoning enquiry will be strongly encouraged prior to submission of a formal rezoning application.
• CACs: Residential rezonings opting to pursue TOA heights and densities enabled under the TOA rezoning policy would be expected to provide the required affordable housing (social or below-market rental) to achieve the identified height and/or floor space. For these rezonings, no additional cash CAC contribution or proforma review will be required as staff are recommending a CAC exemption for these inclusionary housing projects.

The full report, as well as individual TOA maps confirming parcels, can be viewed here: https://council.vancouver.ca/20240626/documents/cfsc1.pdf

PCI Group and Low Tide Properties have submitted their formal rezoning application for 455-485 Great Northern Way, located directly West of Emily Carr.

The proposal envisions a 20-storey office building with a 4-storey podium and two 35-storey rental towers. Details include:

• 548 rental units;
• 20% below market;
• 71,000 SF of retail space;
• 344,000 SF of office space;
• a total density of 6.41 FSR;
• A maximum building height of 373 ft.;
• A publicly accessible open space integrated with the future Emily Carr SkyTrain station;
• A childcare facility (94 spaces) dedicated turnkey to the City; and
• 470 vehicle parking spaces and 1,848 bicycle spaces.

This application is being considered under the Broadway Plan.

The architect for the project is Perkins & Will.

The full application package can be viewed here: https://www.shapeyourcity.ca/455-565-great-northern-way-and-1850-thornton-st

I am pleased to present for sale 3030 Gilmore, a 37,500 SF office building located on a highly visible & accessible 1.50-acre corner lot in Burnaby.

This is an ideal opportunity for a user group looking for vacant possession of a freehold, move-in ready office building in a great location with strategic proximity to Highway 1 offering the unique ability for visibility and brand exposure as well as easy access to all areas of Metro Vancouver.

The building underwent significant renovations in 2020 and features a gym, games area, two kitchens and a storage area.

Floors: 2
Building Area: 37,471 SF
Private Offices: 72
Meeting Rooms: 10
Surface Parking: 88 stalls

The building can be demised for multiple tenants and can be expanded. The large lot can also be redeveloped entirely for a wide variety of commercial or light industrial uses

For further details: https://www.collierscanada.com/en-ca/properties/for-sale-3030-gilmore-burnaby/can-3030-gilmore-diversion-burnaby-british-columbia-v5g-3b4/can2015552

The Vancouver Investment & Development Advisors Group at Colliers has completed on the sale of a 6.30 acre commercial development site in the Big Bend area of South Burnaby.

The property is located at 5701-5813 Byrne Road. The site has an existing older 58,000 SF warehouse.

The sale completed at $34,500,000 or $5.5 Million per acre. The purchaser is a private local investor.

Concert Properties has submitted a development application for the first phase of their 550 Cottonwood Avenue project in the Burquitlam area of Coquitlam.

A master plan for the 6.7 acre site, which is currently improved with 12 walkup apartment buidlings, was originally approved in 2019. It envisions two rental towers, four condo towers, a daycare and amenity building, and park dedication.

The plan for Phase 1 of the project is two towers :

• a 37-storey tower with 347 market rental units (incl. 54 non-market units)
• a 30-storey tower with 275 condos;
• a 2-storey amenity/daycare building;
• 1.67 FAR (on entire site area – 5.50 FAR max for the site)
• an extension of Cottonwood Park.
• $3.6 Million in DCCs
• $4.8 Million in density bonuses.

Phase one is located in the Northeast corner of the site.

The architect for the project is Rafii Architects.