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Apartment, Development

Construction Update: 1155 Thurlow Street

Here is a brief update on a project in the West End that was originally envisioned prior to the West End Community Plan having been adopted in 2014.

The project is a partnership between Bosa Properties and Central Presbyterian Church, which used to worship on this property for many years. The property was rezoned in 2014 to allow a new 22-storey building that includes 168 units of market rental apartments and 45 units of non-market rental apartments, as well as retail space, a new church and a preschool.1155 Thurlow_2

1155 Thurlow_3Excavation was recently completed and a crane is scheduled for installation on June 25th. Completion of the project is scheduled for April 2018.

1155 Thurlow_4

photo courtesy mcminsen http://po.st/ZegImX via @imageshack

June 22, 2016by david.taylor@colliers.com
Apartment, Investment

Reliance Properties Acquires 1770 Davie St. in $43MM Deal

Reliance Properties has acquired a landmark apartment and retail property in the West End for $43,000,000. The building was built in 1958 and includes a 58-unit 16-storey concrete apartment highrise and three retail units including Milestones, and is prominently located at the intersection of Denman and Davie.

1770 DavieThe building had been listed for sale by Avison Young without an asking price and sold after receiving multiple offers.

June 15, 2016by david.taylor@colliers.com
Apartment, Development, Retail

Rental Apartments Planned for East Vancouver Strip Mall Property

A rezoning application has been made for a 29,102 SF site at 3868 Rupert Street (at East 22nd St) for rezoning to allow rental apartments. The site is currently improved with a grocery store – Chong Lee Market and some retail units along with surface parking.

3868 Rupert 3868 Rupert_1

The proposal calls for rezoning from C-1 to CD-1 to permit the development of 6-storey mixed-use building that includes:

    • 112 secured market rental units;
    • 78 one-bedrooms, 30 two-bedrooms and 4 three-bedrooms
    • 10,856 SF retail uses in six CRUs on the ground floor
    • a total density 3.60 FSR
    • a building height of six storeys ; and
    • 158 underground parking spaces.

The application is being considered under the Affordable Housing Choices Interim Rezoning Policy.3868 Rupert_2

The architect, GBL, describes the application:

“This project will take into account these neighbourhood factors by providing appropriate up to date commercial premises for the existing tenants and providing good quality affordable rental accommodation for the locale. The Renfrew Collingwood area has great community facilities and a number of schools close by. With this in mind, over a quarter of the units will be 2 and 3 bedrooms for families.

We are proposing that the site is rezoned for a six storey building which accommodates one floor of commercial, five floors of market rental units above over two levels of underground parking. The project will follow the Rental 100 City Policy. The area of the project is 104,667 SF, yielding an F.S.R. of 3.60. The project proposes six commercial retail units with specific size requirements ranging from circa. 670 SF up to 11,760S SF. Commercial entrances are located on Rupert Street. The Residential Lobby is positioned to the south side of the site at 23rd Avenue allowing for an uninterrupted commercial frontage. The project proposes 112 Rental Units on Levels 2-6 with over a quarter designated as 2+ bedroom family units. The average sizes meet the Rental 100 requirements with 1 beds at 570SF, 2 beds at 730SF and 3 beds at 937SF. We recognize there are good community facilities and schools in the area and our Client wants to provide a range of accommodation types which will appeal to a varied market of future tenants.”
June 13, 2016by david.taylor@colliers.com
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