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Development, Office

Two More Proposals Signal Strength of “Mt. Pixel” Area

Two current applications continue a recent trend of redevelopment of older I-1 zoned properties in the Mt. Pleasant area, referred to more recently by some as “Mt. Pixel” because of the many tech companies that are locating in the area. The I-1 zone was amended by the City in 2013 to be more flexible in allowing office uses up to 3.0 FSR in density, and this has spurred several land sales; primarily to developers, either for speculative development or build-to-suits. The pace of recent development applications points to the demand for general office use in an area that was traditionally limited to light-industrial uses.

The two projects are outlined below:

22 East 5th Avenue

This proposal for this site at the Southeast corner of East 5th and Ontario envisions restoring the facade of the existing one-storey industrial building on site, and adding a new 6-storey retail and office building with parking on the first and second floor (due to site slope). Details include:

  • manufacturing and retail uses on the main floor
  • office space on the 3rd to 6th floors
  • total density of 54,389 SF (3.0 FSR)
  • 46,537 SF of office space
  • a building height of 80 ft.
  • 70 parking stalls on the main and 2nd floor
22 East 5th Avenue_1

Existing Site Condition

22 East 5th AvenueThe architect for this project is Christopher Bozyk.


 

34 West 7th Avenue

An application has also been filed by Chard Development for a site at 34 West 7th, which was purchased for $8,150,000 earlier this year. Preliminary plans call for a 4-storey building with clothing manufacturing uses on the ground floor and office uses on the 2nd to 4th floors, and two levels of underground parking. The total density is not known at this time, but the site would allow for up to 54,350 SF (3.0 FSR).

34 West 7th Ave

The architect for this project is Proscenium Architecture.

October 23, 2015by david.taylor@colliers.com
Apartment, Development

Condo Tower Planned for Joyce Collingwood

Westbank has applied to the City of Vancouver to rezone a site in the Joyce-Collingwood area to allow a 29-storey condo tower. Details include:

  • 3,530 SF of commercial space at grade
  • 191,000 SF of residential space
  • 236 apartment units
  • A density of 14.33 FSR

The City describes the rationale for the proposed rezoning:

“This site falls within the area of the ongoing Joyce-Collingwood Station Precinct Review. The review is anticipated to provide new policy advice to consider rezoning applications in a focused area around the Joyce-Collingwood SkyTrain Station. The outcomes of the Station Precinct Review will be brought forward for consideration by City Council prior to the Council’s consideration of this application.”

5050 Joyce 5050 Joyce_1

October 20, 2015by david.taylor@colliers.com
Development

Construction Update: Trump Tower

The 63-storey Trump Tower Vancouver is nearing completion. The 63-storey, 218 unit condo and 147 hotel room tower is expected to open in summer 2016.

IMG_8339
Photo courtesy 604 City on Flickr

October 19, 2015by david.taylor@colliers.com
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