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Development

Another 300 Units Coming to Metrotown

A few older apartment buildings from the 1950s and 1960s could be replaced with a shiny new redevelopment in the Metrotown area.

The proposed 38-storey apartment tower with street fronting townhouses on Nelson Avenue and Dunblane Avenue and underground parking will go to a public hearing on Jan. 28, 2014.

The site includes 6616, 6642 and 6668 Nelson Ave. and 6635 Dunblane Ave., which currently have a single-family dwelling and older apartment buildings ranging from two to three storeys. The site is also in the heart of other new developments, including the 35-storey apartment building being constructed north of the proposed project.

“The development form has a strong street orientation on the site’s public frontages as well as a strong contextual relationship to the surrounding existing high and lowrise apartment developments,” states Lou Pelletier, director of planning and building, in his report.

A total of 304 units are proposed, ranging from 470 square feet to 1,686 sq. ft.

Read more: http://www.burnabynow.com/news/another-300-units-coming-to-metrotown-1.753554#sthash.snWI6yji.dpuf

December 17, 2013by david.taylor@colliers.com
Development

6-Storey Rental Project Proposed for Cambie & W 60th

South Street Development Group have applied to the City of Vancouver to rezone 506 West 60th Avenue and 7645-7675 Cambie Street from RT-1 to CD-1 to allow for two 6-storey buildings rental buildings. The project would be considered under the Rental 100 program.  The proposal consists of:

    • 138 secured market rental units;
    • 3,500 SF of assembly church space;
    • a density of 2.88 FSR;
    • a maximum height 71.5 ft; and
    • 90 parking spaces

506 West 60th Avenue

December 11, 2013by david.taylor@colliers.com
Investment, Office, Retail

1770 West 7th Avenue, Sold

Chip Wilson, former CEO of Lululemon, has reportedly acquired 1770 West 7th Avenue, a 5-storey, 75,000 SF office building located at Burrard and West 7th. The building, built in 1985, was sold for $32,625,000, or $430 per SF.

1770 West 7th Ave

December 11, 2013by david.taylor@colliers.com
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