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Apartment, Development

344-Unit, Two Tower Rental Project Planned for Oakridge Site

Rize Alliance Properties and Minto Group have submitted their rezoning application for a 6-lot land assembly at 5350-5430 Heather Street in the Oakridge area of Vancouver.

The plan calls for the development of two 18-storey buildings over 4-storey podiums and includes:

  • 344 market rental units;
  • 20% of the floor area secured for below market rental units (approximately 69 units);
  • A total density of 6.28 FSR;
  • A building height of 175.0 ft.; and
  • 226 vehicle parking spaces and 642 bicycle parking spaces.

The application is being considered under the Cambie Corridor Plan.

The architect for the project is Dialog.

The site was acquired in January of this year for $47,300,000, or $178 per buildable SF based on the rezoning application.

June 13, 2023by david.taylor@colliers.com
Development

Quadreal Initiating Planning for Redevelopment of Capilano Mall Site

Quadreal has submitted a pre-consultation application for the eventual redevelopment of the Capilano Mall site in North Vancouver.

The 17 acre site will require an OCP Amendment for an eventual rezoning and redevelopment based upon a new master plan for the site.

The site is one of the largest single sites in the City of North Vancouver.

The new master plan for the site will be shaped over an extensive process with the City that will factor in a variety of development considerations, site constraints, planning policy and community and stakeholder consultation.

The City of North Vancouver outlines the development process for the project as follows:

• Step 1: Pre-consultation / Early Direction
• Step 2: Initial OCP Amendment application submission
• Step 3: Opportunities and Constraints
• Step 4: Options Development
• Step 5: Preferred Master Plan Concepts
• Step 6: Full OCP Amendment Application/ Rezoning Submission
• Step 7: Review of OCP Amendment Application/ Rezoning
• Step 8: Council Consideration

Staff recommend that Council proceed to process an application for the project, with further details expected later this year.

The planning/architecture firm involved is Dialog.

June 9, 2023by david.taylor@colliers.com
Condo, Development

Polygon Planning 284 Condo Units for Coquitlam Centre Site

Polygon has submitted a rezoning application to the City of Coquitlam for a 2.6 acre site on Inlet Street in the City Centre area.

The property is currently occupied by 36 strata townhouses. The strata owners voted to wind-up the strata and sell the property to Polygon.

The site is designated Medium Density Apartment Residential in the OCP.

The proposal for the site includes:

  • Three 6-storey buildings;
  • 284 condo units;
    • 34 one-bedroom units; 220 two-bedrooms units & 30 three bedrooms;
  • a total density of 2.30 FAR;
  • 385 parking stalls.

The architect for the project is Integra Architecture.

June 9, 2023by david.taylor@colliers.com
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