A development application has been submitted for a 4-lot land assembly in the Norquay Village area of East Vancouver. The 17,891 SF site is zoned RM-9AN, which allows up to 2.0 FSR.
The proposal is for a 4-storey condo building that includes:
one level of underground parking containing 40 stalls and 95 Class-A bicycle stalls, having access from the rear lane.
Under the site’s existing RM-9AN zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.
Belford Properties has submitted their development application for a full-city block in the Cambie Corridor Phase 3 townhouse area. The 45,989 SF site comprises seven RS-1 zoned lots on the South side of West 28th Avenue between Ash and Heather Streets.
The lots were previously rezoned to RM-8A and consolidated into one lot. The proposal for the block consists of:
a proposed height of approximately 38 feet for front and approximately 28 feet for rear buildings; and
one level of underground parking providing 63 parking spaces, having vehicular access from the lane.
The application describes the design rationale: ” The development consists of 9 blocks arranged around a courtyard the blocks are arranged such that none of the building widths exceed 27m. While the zoning guidelines would allow for building depths of up to 14.2m we have opted for wider units with decreased depth in order to maximize access to daylight and ventilation within the units as well as provide a more generous courtyard.
Section 2.6.3 of the zoning guidelines recommends a minimum courtyard width of 7.3m, and this proposal achieves a courtyard width which varies between 9.3m and 9.9m. The individual buildings are further broken down by individually rotating each townhouse by 3 degrees and by Design Approach allowing the ground floor level for each block to step down with the sloping site. This allows for a strong expression of distinct units which is further emphasized by the use of different shades of brick, and color elements at the entrance canopies.
All units are accessed either directly from the street, or have their main entrances at the courtyard via a private patio. The courtyard can be accessed by 3 entrances along West 28th, entrances at both Ash and Heather Street as well as a 2 connections via the lane.”
Under the proposed RM-8A zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.
Below is a brief snapshot of current resale condo inventory and average asking prices for newer condos (ie. two years old or newer, including assignment sales).
This analysis excludes townhouse and condos and does not break down woodframe versus concrete (hence East Vancouver pricing appears below Burnaby and Maple Ridge/Poco/Pitt Meadows is lowest).
Of note, while pre-sales activity remains sluggish overall, resales inventory for newer condos remains very low in most submarkets.
Admiral Operations Ltd. has applied to the City of Vancouver for a development permit for a new townhouse project located on the West side of Oak Street between West 55th Avenue and West 57th Avenue. The site comprises two single family lots, 7239 & 7255 Oak Street.
The proposal calls for two three-storey townhouses and rowhouse buildings. Details include:
one level of underground parking having vehicular access from the rear lane.
Under the site’s proposed RM-8AN zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.
First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while
