We are pleased to present this phenomenal opportunity to secure a 6-lot, 54,044 SF land assembly located at the Southwest corner of Oak Street and West 37th Avenue, directly across the street from Vandusen Gardens and Oak Meadows Park.

The site is designated for rezoning to RM-8AN per the Cambie Corridor Plan and would support the development of approximately 70 ground oriented units.

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A redevelopment plan for the Telus Boot site includes 4 high-rise residential towers above mixed use podiums, with retention of the iconic building and significant densification of the site.

The preliminary rezoning application was submitted this week by PC Urban for a major redevelopment of 3777-3791 Kingsway, the 6.6 acre site which is home to the iconic “Telus Boot” building. The building, also known as Brian Canfield Centre, is located at Kingsway and Boundary Road in the Metrotown area of Burnaby.

The existing building is a 22-storey, 690,000 SF L-shaped office building built in 1976 as the headquarters for BC Tel (now Telus), although it no longer functions as the company’s head office. A large portion of the overall site is improved with surface parking ripe for development.

Under the Metrotown Downtown Plan, the site is now designated for high-density mixed-use development.

The preliminary plan outlined in a report going to city council next week describes the following concept:

• a high-density mixed-use infill development including new office, residential and retail space;
• retention of the 21- storey “Telus Boot” building;
• removing other existing structures on site;
• four high-rise towers atop mixed-use podiums with activated street frontages along Boundary Road & Kingsway;
• improved site circulation and underground parking;
• open space amenities.

Further details including concept massing, renderings and an architect will be revealed in a future report as the application progresses.

A 50% interest in the property was last sold to a fund managed by Crestpoint Real Estate in 2014 for $86,500,000. H&R REIT had previously acquired the entire property for $150,000,000 in 2006.

A revised rezoning application has been submitted for Oakridge Vancouver, the 28-acre mall site that is currently under construction.

The full rezoning of the site took several years to complete, with full approval granted in 2018. The first phase is now under construction.

The new proposal seeks to increase building heights for the remaining phases above those approved in 2018, with up to 9 additional storeys per building. The proposed changes also include changing building form such as tower floor plate size; converting some condo density to rental; and adding new office space.

The majority of the site that is affected by the proposed rezoning is outside of the scope of the first phase of construction, which is projected to take four years to complete.

Overall details include:

• 775 new housing units, including 319 additional market rental units and 94 moderate income rental units;
• 377,260 sq. ft. of new office space;
• Increase in overall density from 3.71 to 4.10 FSR;
• Increase maximum heights for Buildings 2, 5, 6, 7, 9, 10, 11, 12, 13, 14 and the northeast office building;
• No changes to buildings 1, 3, 4 & 8 (First two approved phases).

One of the more significant changes is to Building 5, previously a 43-storey condo building, which will now be converted entirely to market rental housing with 52-storeys and 587 units. The tower will be 477 ft. in height making it the tallest all rental tower in Vancouver.

A full summary of the proposed changes is outlined in the application (summarized below):

Revised renderings:

Details of the rezoning application can be viewed here: https://shapeyourcity.ca/650-w-41-ave

Bastion Development has submitted two development applications for a proposal to redevelop the Shell gas station site at the Northwest corner of Broadway and Arbutus Street, as well as an adjacent peice of property at West 8th and Arbutus.

Bastion acquired the combined 29,000 SF site in 2013, long before the formal announcement of a Millenium Line Broadway extension which will see a stop located at the Northeast corner of this intersection.

The proposal(s) seek redevelopment of these sites under the existing C-3A and RM-4 zoning guidelines, rather than a lengthy and uncertain rezoning process.

Here is a breakdown of the two applications:

2103 West Broadway (Shell site):

• An 11-storey condo building
• 79 condo units;
• 40 one-bedrooms, 36 two-bedrooms & 3 three-bedrooms;
• 4,800 SF of retail space;
• A height of 120 ft.;
• A total density of 3.30 FSR;
• Two levels of underground parking, providing a total of 120 parking spaces having vehicular access from the lane.

Under the site’s existing C3-A zoning, the application is “conditional” so it may be permitted. However, it requires the decision of the Development Permit Board.

2106 West 8th Avenue (adjacent 6,000 SF parcel)

• A 3-storey condo building containing 5 units;
• A height of 34.3 ft.;
• A total density of 1.45 FSR;
• 10 parking spaces provided in the adjacent development on Broadway.

Under the site’s existing RM-4 zoning(External link), the application is “conditional” so it may be permitted. However, it requires the decision of the Development Permit Board.

The architect for the project is Francl Architecture.

The site was acquired for $15,350,000 or $182 per buildable SF based on the two combined applications.

The long anticipated rezoning of the 14-acre Oakridge Transit Centre site at 949 West 41st Avenue and 5469-5507 Willow Street is nearing the final stages, with a referral to public hearing next week. The master planned project has required a number of minor revisions along the way.

The rezoning application for the site represents the culmination of a 6-year planning and sale process which included:

• Oakridge Transit Centre and Adjacent Sites Policy Statement (2014-2015)
• Sale of site by Translink to Modern Green Development for $440 Million (paid between 2017-2022) (2016)
• Formal rezoning application (July 2019)
• Revised (current) rezoning application (May 2020)

The finalized details of the overall development plan include the following:

• 17 buildings up to 26 storeys in height;
• 1,630 total residential units, including:
  • 1,120 condos;
  • 330 social housing units;
  • 180 market and below market rental units;
• 24,000 SF of retail space;
• 2.36 FSR gross density;
• a 69-space childcare;
• a 2-acre public park;
• new dedicated streets & lanes linking with existing road network;
• total DCLs of $31,246,346 (social housing units exempted)
• public art budget of $2,357,465 ($1.98 /sq ft)
• a total CAC of $80,711,050 – cash & in-kind including:
  • turn-delivery of social housing component ($65,911,050)
  • childcare facility ($8,000,000)
  • public park ($5,000,000)
  • $1,800,000 cash allocated to transportation improvements.

Overall site plan:

The OTC is anticipated to be developed in four phases over a timeline of 10-12 years. The phasing will begin in the southwest corner of the site with the secured rental housing and then move east and northward towards 38th Avenue as shown below:

The total CAC amount of $80 Million is equivalent to $77 per sq ft. of market residential and commercial space (excluding the social and rental housing components).

The total purchase price of $440 Million equates to:

• $300 per buildable SF on the gross overall density
• $372 per buildable SF on the condo/rental/retail density (excluding social housing & childcare space)

The architect for the project is James KM Cheng.