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Development

Four More Towers Coming to Brentwood

Four more towers are being proposed for the Brentwood Town Centre area of Burnaby in two separate rezoning applications that went to Burnaby City Council this week for first reading. They are:

2242 Alpha Avenue

2242 AlphaThis project is being built by Monark Group, who bought the site in February 2015 for $6,750,000. The plan for the 41,574 SF, M2 zoned site is for a high-rise residential tower atop a 4-storey above-grade parking podium and some underground parking. The above-ground parking is required due to groundwater conditions in the area. The anticipated density is 3.6 FAR under the RM4s designation.

2425 Beta Avenue

2425 Beta AvenueThis site is located on the West side of Beta Avenue between Dawson Street and the BNSF rail line, and is being developed by Thind Properties, who acquired it in 2013 for $31,500,000. The plan for the 201,247 SF, M2 zoned site includes three highrise residential towers atop a 4-storey parking podium. It is similarly seeking a 3.6 FAR density designation under the RM4s guidelines. The plan includes a 30 metre dedication to extend Alaska Street.

September 29, 2015by david.taylor@colliers.com
Development

8.2 acre Coquitlam School Site Up for Sale

Coquitlam’s School District No. 43 has placed a former elementary school site up for sale through an RFP process. The RFP describes the 8.2 acre site as a: “development property within a 5 minute walk of the Evergreen Line’s Inlet Centre Station. Conceptual development plans indicate the potential for 400 to 600 resident homes plus park space.”
The site actually sits on the border of Port Moody.

Tri-City News describes some of the background: http://www.tricitynews.com/news/for-sale-8-2-acres-of-school-land-in-coquitlam-1.2068704

The offer closing date is November 10, 2015.

135 Balmoral

September 24, 2015by david.taylor@colliers.com
Apartment, Development

23-Storey Rental Tower Proposed for West End Site

Larco Investments has applied to the City of Vancouver for permission to develop a site they own at Davie and Cardero with an additional new 23-storey building. The proposal for 1668 Davie St. includes the following:

    • 158 secured market rental residential units;
    • 105 studio and one-bedroom units, and 53 two & three bedroom units.
    • Retention of the London Drugs
    • Retail on the ground floor;
    • Building height of approximately 210 ft;
    • Total floor area of 123,895 SF; and
    • 95 underground parking spaces accessed from the lane.
    • Density of 6.1 FSR

The site is currently zoned C-5A and the application is being made under the existing zoning, which allows for planning to conditionally approve the proposal. The site also falls within the newer West End Community Plan, under the Lower Davie Village subarea, which allows up to 7.0 FSR.

The proposal calls for demolition of an existing parking garage next to the London Drugs.

The architect for the project is DA Architects & Planners.

1668 Davie 1668 Davie_1 1668 Davie_2

1668 Davie Street is just one of several existing and pending applications that have resulted from the 2014 West End Community Plan, including 1177 Jervis Street, a project three blocks East on Davie that is being developed by Intracorp. Several other sites are in the process of being sold for future applications.

September 24, 2015by david.taylor@colliers.com
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