I am pleased to introduce this Burnaby development opportunity, allowing up to 6 strata units under Burnaby’s forthcoming R1 SSMUH zoning.
Further information: https://www.collierscanada.com/en-ca/properties/for-sale-burnaby-multiplex-lot/can-4394-moscrop-street-burnaby-v5g-2g2/can2015319
Fabric Living has submitted their rezoning application for 461-479 East 16th Avenue in the Mount Pleasant area of East Vancouver. The 16,111 SF site is an assembly of four parcels totaling 132 feet of frontage.
The site is located in the Broadway Plan, within the Mount Pleasant South Apartment Areas – Area B subarea.
The proposal for the site is to allow for the development of a 20-storey mixed-use building that includes:
The application is being considered under the Broadway Plan.
The architect for the project is Francl Architecture.
Two nearby tower sites in the Broadway Plan have sold in separate deals.
2210 West 5th Avenue
An 18,000 SF property at West 5th Avenue and Arbutus Street in Kitsilano has been acquired by Mondivan Group for $20,000,000.
The site is located at the corner of West 5th and Arbutus and is 125 ft by 120 ft and is located in a subarea of the Broadway Plan that permits a tower up to 20-storeys, and 6.50 FSR.
The purchase price equates to $171 per buildable SF at 6.50 FSR.
1960 West 7th Avenue
1960 West 7th Avenue is another 150 ft x 120 ft, 18,000 SF future tower site in Kitsilano that recently sold. This mid-block site on the South side of West 7th between Maple and Cypress Street sold for $23,000,000 to Gracorp.
Gracorp has already submitted a rezoning application for the site that proposes a 20-storey rental tower with 183 units. The purchase price equates to $196 per buildable SF based on the application.
The District of West Vancouver has released a report outlining their response to Provincial Bill 44: Housing Statutes (Residential Development) Amendment Act that requires municipalities to allow for Small Scale Multi Unit Housing (SSMUH) on all single family and duplex zoned lots by June 30, 2024.
West Vancouver has taken the approach that the vast majority of their lots are not subject to the legislation since “the definition of “Restricted Zone”….does not encompass parcels that permit single-family dwelling, secondary suites and detached secondary suites (coach house). Consequently, the District’s RS1-5 and RS7-10 zones are not “Restricted Zones” and not subject to SSMUH requirements.”
The report goes on to outline that there are only 222 parcels affected by the proposed zoning
amendments, constituting 1.6% of residential lots in West Vancouver and resulting in a theoretical net increase of 363 units in zoned capacity.
Below is a map, outline in orange, those single family lots which are within 400 metres of frequent bus service and therefore will require update to allow up to 6-units.
It is expected that the zoning bylaws will be updated by the June 30, 2024 deadline.
Townline Homes has submitted a rezoning application for a site at the northeast corner of Davie Street and Cardero Street in the West End of Vancouver. The proposal for the 17,290 SF site contemplates the replacement of a 4-storey, 33-unit condo building with a 22-storey rental tower.
A previous DP application for this site was originally submitted by Townline in 2022, proposing a tower with 96 condo units and 32 social housing units. The existing RM-5D zoning allows 7.0 FSR with 5,500 SF floorplates.
Details of the proposal include:
This application is being considered under the West End Community Plan.
The architect for the project is Boniface Oleksiuk Politano Architects.
The site was acquired in 2018 for $45,250,000 or $326 per buildable SF based on the application.