Proposed Richmond high-rise would house international students – Richmond Review.

A $150-million development proposed for north Richmond could become an international hub for education, boasting a potential to accommodate 600 foreign students, along with language schools, colleges and universities.

Dubbed Global Education City, the development would occupy a site on the west side of No. 3 Road, between Bridgeport Road and Sea Island Way, near River Rock Casino Resort.

Wensley Architecture Ltd. has submitted plans to city hall for a nine-storey office and campus building fronting Sea Island Way, a 15-storey dormitory building at No. 3 Road, and a six-level parkade and amenity building fronting Bridgeport Road, according to the city.

Planning staff are reviewing the proposal, which has yet to be considered by city council.

Read more: http://www.richmondreview.com/news/220748251.html

An analysis of year to date resales for concrete condos less than 3 years old shows that average pricing is approx. $800 per SF.

At 3.1% growth since 2006, average pricing has outpaced inflation, but pricing has been relatively flat in 2013, up less than 1% year over year.

Marpole residents rally against proposed zoning changes.

Close to 1,000 residents streamed into Marpole community centre Sunday to sign petitions and pick up lawn signs protesting proposed zoning changes in their neighbourhood.

The City of Vancouver’s draft community plan for Marpole includes rezoning to allow more highrises, apartments up to 12 storeys, stacked townhouses and mixed-use buildings.

Community spokesman Mike Burdick said the draft plan, which goes to council for consideration on October 24, came as a surprise to most Marpole residents.

“We are not opposed to rezoning or densification,” said Burdick, “but we need to slow down.”

Burdick said the city wants to increase the density of Marpole by as much as 50 per cent.

“Do the transit routes first, then take a breath and see if we need to do more.”

I’m pleased to announce the sale of 2116 West 41st Avenue, a 2-storey retail/apartment building on West 41st Avenue in Kerrisdale. The purchase price was $6,650,000, representing $542 per SF and a 4.2% cap rate.

After spending the past year tweaking their proposal for a master-planned community that would change the face of the Harbourside Drive waterfront, Concert Properties is close to unveiling their refined plan.

“A lot has transpired in the past year,” Concert Properties’ president and chief operating officer Brian McCauley told City of North Vancouver council on July 22.

• Concert’s Harbourside Waterfront Website

McCauley said Concert’s consulting team has worked with CNV engineers to flesh out the geotechnical work required to build at the waterfront site. The updated redevelopment application now conforms to the city’s minimum 4.5-metre height target for new construction above sea level.

Developers Concert Properties’ and Knightsbridge Properties’ 10-year plan is to create 800 strata and rental housing units, while setting aside 372,000 square feet as commercial space.

Read more: http://www.northshoreoutlook.com/news/219063941.html