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Development

PARC Revises Coquitlam Seniors Project

PARC Retirement Living has submitted a new rezoning application for their proposed seniors highrise at 1015 Austin Avenue in Coquitlam.

A previous application from 2022 granted second and third readings but Council raised some minor concerns about the design of the project.

The site is 24,830 SF and is located in the Austin Heights Neighbour Plan area of Coquitlam.

The current proposal is for a 21-storey high rise with independent living units and below market seniors rental units.

Details include:

  • 154 independent living rental units;
  • 16 below market rental units;
  • a total density of 5.50 FSR;
  • 2,400 SF of ground floor retail space (3 CRUs).

The architect for the project is Francl Architecture.

June 17, 2024by david.taylor@colliers.com
Condo, Development

Condo/Social Housing Project Slated for Broadway & Fraser Site

Wall Financial has submitted their rezoning application for 670 East Broadway, at the Southwest corner of Broadway and Fraser in East Vancouver. It is one of the first applications in the Broadway Plan seeking a mix of condo and social housing instead of rental and below-market rental.

The 20,200 SF site is located in the Mount Pleasant Centre – Area F (MCEF) of the Broadway Plan.

The proposal is to allow for the development of a 17-storey building with a 6-storey podium over 4 levels of underground parking and includes:

  • 137 residential units;
    • 24 social housing units
    • 113 condo units
  • 3,800 SF of retail space on the ground floor;
  • a total density of 6.0 FSR;
  • A building height of 180 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Bingham Hill.

The site was acquired in 2022 for $21,100,000 or $173 per buildable SF.

June 17, 2024by david.taylor@colliers.com
Condo, Development

Stacked Townhouses Planned for Port Moody Site

A rezoning application has been submitted to the City of Port Moody for a new stacked townhouse development on a land assembly consisting of five single-family lots totaling 43,555 SF

The site, located at 2213-2229 Clarke Street, has an OCP designation of ‘Multi-Family Residential and Mixed Use – Moody Centre’.

The proposal is for five 3-storey stacked townhouse buildings, and includes:

  • 40 units;
  • 30 two-bedrooms & 10 two-bedrooms;
  • a total density of 1.30 FAR;
  • 90 underground parking spaces.

Port Moody’s Inclusionary Zoning – Affordable Rental Units Policy does not apply to projects
proposing a residential density less than 2.0 FAR. As this application proposes a FAR of 1.3,
no rental or below market rental units are required or provided.

The application requires an OCP amendment as two of the lots require commercial uses, but only residential is being proposed.

The architect for the project is Igel Architecture.

June 17, 2024by david.taylor@colliers.com
Apartment, Development, Rental

Rental Tower Planned for Mount Pleasant Site

The latest Broadway Plan rezoning application is a site on East 16th in Mount Pleasant, between Quebec and Ontario Streets. The site is one of many tower sites in the Broadway Plan owned by Five Mile Holdings.

The 132′ x 122′ (16,154 SF) site is located mid-block and is designated in the Broadway Plan under the Mount Pleasant South Apartment Area – Area ‘B’ [MSAB] subarea.

The proposal is to allow for the development of a 17-storey rental tower and includes:

  • 145 rental units;
  • 20% below-market rental units;
  • 4,900 SF of retail space on the ground floor;
  • a total density of 6.80 FSR; and
  • A building height of 184 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Studio One Architecture.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/45-e-16-ave

June 13, 2024by david.taylor@colliers.com
Condo, Development

Rezoning Application Submitted for 23-Unit Townhouse Project in North Vancouver

A rezoning application has been submitted to the District of North Vancouver for a new stacked townhouse development on a 3-lot, 18,029 SF land assembly on Sandown Place, just West of Capilano Road in the Lower Capilano area.

The original preliminary application for the site was submitted in 2019.

The site is designated for up to 1.20 FSR under the Lower Capilano Village Centre: Peripheral Area Housing Policy & Design Guidelines.

The application comes just days following a nearby townhouse application that was rejected by District of North Vancouver council.

Details of the proposal 1900-1950 Sandown Place proposal include:

  • 23 townhouse units;
  • a total density of 1.16 FAR;
  • 42 underground parking stalls.
  • a CAC of $371,145 ($18 per SF)
  • Municipal DCCs of $232,991
  • Metro & Translink DCCs of $216,254

The architect for the project is Matthew Cheng.

June 13, 2024by david.taylor@colliers.com
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David Taylor Personal Real Estate Corporation

Colliers International

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David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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