A 9,000 SF mid-block rental development site at 1247 Kingsway has sold for $5,500,000. The site had been listed for sale for $7,998,000 since July 2022.

The site received DP approval for a 32-unit, 7-storey rental building in May 2022. The site was rezoned under the City of Vancouver’s Rental 100 policy in 2021.

The $5,500,000 purchase price equates to $169/buildable SF. The site was originally acquired by the developer, Da Hua Investment Holdings, in 2017 for $5,000,000.

Marcon has submitted a rezoning application for a site at the Southwest corner of Pender and Richards Streets in Downtown Vancouver.

The site consists of three parcels, a 6-storey parkade at the corner, a 2-storey retail/office building, mid-block on West Pender street, and the Lumbermen’s Building, an 8-storey office and heritage building, to be retained in the new development.

The proposal is to allow for the development of a 32-storey hotel that includes:

• 578 hotel rooms;
• 20,000 SF of retail and restaurant space;
• 44,132 sq. ft. of office space;
• A total density of 22.81 FSR;
• A building height of 318 ft.; and
• 146 vehicle parking spaces and 91 bicycle parking spaces.

The application is being considered under the Downtown Official Development Plan) and Rezoning Policy for the Central Business District (CBD) and CBD Shoulder.

The architect for the project is Henriquez Partners.

Intracorp has submitted a rezoning application for 3362-3384 Vanness Avenue and 3347 Clive Avenue in the Joyce-Collingwood area of East Vancouver.

The proposal is to allow for the development of two rental towers (30 and 33-storeys) above a 6-storey podium. The project includes:

• 679 market rental residential units;
• 10% of the residential floor area proposed to be secured at 10% below CMHC City-wide average rates;
• Retail at grade;
• Dedication of floor area for a 37-space child care facility;
• a total density of 11.34 FSR;
• A total building height of 300 ft.;
• 214 underground parking spaces and 1295 bicycle parking spaces.

The site is located in the Joyce-Collingwood Precinct Plan. The application requests consideration of height and density in excess of the existing policy.

The architect for the project is Boniface Oleksiuk Politano Architects.