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Apartment, Development

Construction Update: 2975 Oak Street

Here is an update for an interesting rental apartment project at Oak and West 14th Street. The project, by Aquilini Development, involved heritage retention of an existing 14-unit apartment building known as the Santa Fe Apartments.

As part of the heritage retention, Aquilini received approval for a 10-storey, 50-unit rental apartment building in behind the current structure, with a total density of 2.8 FSR under the RM-3 zoning. The project was unique in that only 14 units existed on a 12,500 SF site.

The project was approved at public hearing in May 2014.

The concrete tower is now topped out, although completion appears to be several months away yet.

2975 Oak (4)

courtesy mcminsen http://po.st/k9iCuZ via @imageshack

2975 Oak (3)

courtesy mcminsen http://po.st/9zUcFu via @imageshack

2975 Oak (2)

courtesy mcminsen http://po.st/2BrZjX via @imageshack

2975 Oak (1)

courtesy mcminsen http://po.st/RZscJv via @imageshack

March 31, 2016by david.taylor@colliers.com
Development, Retail

Heritage Retention Part of Kerrisdale Development Proposal

Bogner Developments has applied to the City of Vancouver for permission to develop a 12,458 SF site on East Boulevard between West 46th and West 47th. The plans for the C-2 zoned site are for a five-storey building including:

  • 21 residential units on the first through fifth floors;
  • two commercial retail units on the first floor and mezzanine;
  • 46 parking spaces in an underground garage;
  • overall density of 3.08 FSR (38,357 SF);
  • building height of 57.51 feet;
  • retention and restoration of the façade of the existing 2-storey commercial building.
Existing Heritage Facade/Building

Existing Heritage Facade/Building

6168 East Blvd_2

“In order to achieve the development that is proposed, City Council will be asked to consider a Heritage Revitalization Agreement (HRA), which would approve the form of development and vary the provisions of the Zoning and Development By-law in order to enable this development to proceed. This HRA, as well as the municipal designation of the existing heritage building, will secure the rehabilitation of this heritage resource, and assist in its long-term preservation.”

6168 East Blvd 6168 East Blvd_3

Rositch Hemphill is the architect for the project.

The site was acquired by Bogner in December 2013 for $5,318,756, or $139 per buildable SF based on the density in the application.

March 30, 2016by david.taylor@colliers.com
Development

Residential Tower Moving Forward in Burquitlam

Final plans have been approved for a project called The Burquitlam Capital, located on a triangular site at 509-513 Clarke Road in the Burquitlam area of Coquitlam. The project, by Magusta Development has received rezoning approval from CS-1 to C-7 Transit Village Commercial. Plans call for the development of a 23-storey tower including:

  • 189 units
  • 20 studios, 60 one-bedrooms, 68 two-bedrooms and 41 three-bedrooms
  • four townhouse units fronting Smith Avenue
  • 10,968 SF of commercial retail space along Clarke Road
  • total density of 4.5 FAR (max under C-7 zone)

509 Clarke

The site is located about half a block from a soon to be completed Burquitlam Evergreen Line Station.

509 Clarke_1 509 Clarke_2

Magusta acquired the land in July 2014 for $7,128,000, or about $42 per buildable SF.

Here is a promotional video for the project:

March 29, 2016by david.taylor@colliers.com
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