The Seylynn Village project website has been launched: www.seylynn.ca . The 720 unit, 3-tower project is being built by Denna Homes and marketed by Pacesetter Marketing. It appears that each tower will comprise a separate phase.
Burnaby NewsLeader – Stuck in redevelopment limbo near Brentwood.
Wiinton Williams will likely one day get a nice windfall from the sale of a property he owns in the Brentwood area. Today, though, his industrial property has a breathtaking property tax bill based solely on its development potential. If only he could develop it.
2450 Alpha Ave
For now, with the taxes so high, he’s having trouble just leasing out the place. Williams says he can’t redevelop his property and sell it for what it could be worth because Burnaby city hall has been slow to come up with an area plan.
Since 1993, his company, Vernon-based Sako Pacific Properties Ltd. has owned the property at 2450 Alpha Ave. in Burnaby where it also owned and operated Universal Concrete Accessories, a business that first opened there in 1970.
Starting in 1995, Burnaby city hall started sending Williams’ company notices about redevelopment plans for the Brentwood area, including the industrial lands south of Dawson Street where Sako’s property is located.
Read more: http://www.burnabynewsleader.com/news/204309651.html
As we reported back in February, Brenhill Development is planning a 36-storey mixed use building at the corner of Richards and Helmcken with 344 market residential strata units (including 5, 2-level townhouses at grade), 110 market rental units and a private school.
In response to comments from the Urban Design Panel, the tower has been redesigned to lower the density slightly from 17.40 FSR to 17.10 FSR, and to reduce the floorplate from 10,300 SF to 10,130 SF. The site is a 15,000 SF site which is being expanded to 21,000 SF through the acquisition of lanes to the west and north.
The project consists of a proposed land swap with a site owned by Brenhill across the street at 1077/1099 Richards Street; the existing tenants at 508 Helmcken will be relocated to a new City-owned building on that site which will be constructed in advance of the new Helmcken residential tower in order to provide continuity of service.
Richmond Review – Onni seeks rezoning in Steveston.
Onni has formally submitted a proposal to rezone its new riverfront commercial units in Steveston.
The developer’s six low-rise buildings—built on the last piece of land at Imperial Landing—feature apartments on upper floors and commercial units on the ground floor. But the commercial zoning only allows for maritime-related businesses.
At two open houses last year, Onni tested the waters of public opinion to change the restrictive zoning to allow businesses such as a grocery store, pharmacy and fitness centre.
On April 16, city council’s planning committee heard that Onni has officially submitted a rezoning proposal, and noted the Steveston Merchant’s Association has already responded to it. In an April 10 e-mail to the city, association president Jim Van der Tas said any change needs to be carefully reviewed.
Read more: http://www.richmondreview.com/news/204165321.html
125 Agnes Street, a 19-unit apartment building in New Westminster has been sold for $2,100,000, or $110,000 / 4.5% cap rate.
