The Boxer Group of Companies has applied to the City of Vancouver to rezone a site at 1031-1039 Burnaby Street in the West End for a market and below market rental tower.

The proposal is to allow for the development of a 32-storey rental residential building with a six-storey podium and includes:

• 329 units;
• 60-below market rental units for the VRS Communities Society;
• a total density of 12.23 FSR;
• A building height of 296 ft. with additional height for rooftop amenity space.

This application is being considered under the West End Community Plan.

The architect for the project is Urban Solutions Architecture.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/1031-1039-burnaby

A rezoning application has been submitted to the City of North Vancouver for a site in the Lower Lonsdale area for a new market rental apartment building.

The site at 341-347 West 4th Street is located mid-block between Forbes and Mahon Avenue, West of Lonsdale. The plan for the 8,391 SF site is for a new 6-storey rental building, that includes:

• 69 rental units;
  • 25 studio units;
  • 20 one-bed units;
  • 24 three-bed units
• a total density of 2.60 FSR.

The architect for the project is Gradual Architecture.

A 23-unit walkup apartment building in the Mount Pleasant area of East Vancouver has sold. The 1968 era building had been listed for sale for $7,500,000 by Mark Goodman.

Details:

• Purchase Price: $7,550,000
• Price per Unit: $328,261
• Cap Rate: 4.0%
• Site Area: 12,064 SF

A streetfront retail property at 2477-2497 East Hastings Street has sold.

The property is located at the Northwest corner of Hastings and Kamloops in East Vancouver. It is zoned C-2C and located on a 10,591 SF site. The building’s three tenants include TD Bank, It’s Okay Restaurant and Rio Friendly Meats.

Details:

• Price: $5,625,000
• Building Size: 5,348
• $/SF: $1,052

The asking price for the property was $5,980,000. The property was jointly listed with CBRE and Brett Aura of TRG Realty.

A 4-storey property at the Northeast corner of West 16th Avenue and Oak Street has sold.

3108 Oak Street is zoned C2-zoned but is also designated in the Broadway Plan for up to 18-storeys.

Property and sale details:

• Lot size: 15,116 SF
• Building size: 49,000 SF
• 9 commercial units
• 25 residential units
• Sale price: $12,700,000 ($259/sf building, $140/buildable SF @ 6.0 FSR)

The asking price for the property was $15,000,000. The building was listed and sold by Brett Aura of TRG Realty.