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Condo, Development

District of North Van to Reconsider Edgemont Townhouse Project

Wesgroup has submitted a new application to the District of North Vancouver to rezone and develop a townhouse project on a site in Edgemont Village.

A previous townhouse proposal for the 33,000 SF site was rejected by DNV council at fourth reading in 2018 amid concerns about the pace of construction and development in the Edgemont area.

The property is located in an area of the OCP that allows for townhouses up to 3-storeys and a density of 1.20 FSR. It is located at the southeast corner of Ridgewood Drive and Ayr Avenue, and is currently occupied by four single-family homes. The Grosvenor mixed-use development is across the street to the west and Amica Seniors Living is to the south.

The updated proposal for the site includes:

  • 32 townhouse units;
  • 12 two-bedrooms & 20 three-bedroom units;
  • 900 to 1,500 SF unit sizes;
  • a total density of 1.18 FAR;
  • one level of underground parking with 64 spaces;
  • $1.7 Million in off-site works;
  • DCC’s of $420,400;
  • CAC of $772,439 ($18.50 per SF).

The architect for the project is Integra Architecture.

The site was originally assembled by Boffo Properties in 2016 and later sold to Wesgroup following the rejection of the 2017 rezoning proposal.

September 27, 2023by david.taylor@colliers.com
Apartment, Condo, Development

Proposal for Langara Gardens Site Includes 2,600 Condo, Rental & Social Housing Units

The formal rezoning application by Concert Properties and Peterson Group for Langara Gardens has been released publicly.

A rezoning policy statement for the 20.8 acre site had been completed in 2018 and the full rezoning application had been anticipated since that time.

The proposal is for the redevelopment of the site with buildings between 3 and 36 storeys. The existing four 18-storey towers would be retained. The proposal includes:

  • Approximately 430 social housing units;
  • Approximately 760 rental units (including 85 below-market units);
  • Approximately 1,430 strata units;
  • 3.1 FSR total density (2.7M SF);
  • A 69-space childcare facility;
  • Public open spaces, Cambie Park upgrades, a new 1-acre park.

The application is being considered under the Langara Gardens Policy Statement and the Issues Report: Direction for Intensification of Large Sites to include Moderate Income Rental Housing.

The full rezoning application can be viewed here.

The architect for the project is James Cheng Architects.

The site was originally sold by Colliers to Peterson Group in 2009 for $157,000,000. Concert Properties was brought on as a 50% partner in 2015.

September 20, 2023by david.taylor@colliers.com
Condo, Development

5-Storey, 19-Unit Condo Building Proposed for West Van

A development application by Pelagos Properties has been approved by the District of West Vancouver for 2711 Rodgers Creek Place, in the Rodgers Creek/Mulgrave area of West Vancouver above the Upper Levels Highway.

The proposal for the 37,000 SF steeply sloped site includes a 5-storey condo building and:

  • 19 units;
    • 1 one-bedrooms, 5 two-bedrooms & 13 three-bedrooms;
  • a total density of 1.0 FAR;
  • three levels of underground parking with 35 stalls.

The architect for the project is Folio Studio Architecture.

The site was acquired in 2019 for $11,000,000, or $300 per buildable SF based on the application.

August 29, 2023by david.taylor@colliers.com
Condo, Development

21 Townhouse Units Proposed for North Van Site

A preliminary rezoning application has been submitted for a 30,000 SF site near Edgemont Village in North Vancouver.

The site at 3712-3718 Edgemont Boulevard is currently improved with a four-plex built in 1951 and designed by Fred Hollingsworth.

A previous application for the site included preservation of the existing heritage structure and the addition of 25-30 units but the proposal did not proceed.

The OCP designates this site Residential Level 3: Attached Residential, which permits a density up to 0.8 FAR.

The new proposal for the site includes:

  • 21 two-storey townhouses;
  • a total density of 0.8 FAR;
  • 41 underground parking spaces.

The architect for the project is Robert Blaney.

The site was listed for sale for $9,800,000 and sold earlier this year for $7,000,000 of $293 per buildable SF based on the application for townhouses.

August 28, 2023by david.taylor@colliers.com
Apartment, Condo, Development, Retail

632 Units Proposed for ‘Seylynn Centre’ Site in North Van

A preliminary rezoning application has been reviewed by the District of North Vancouver for ‘Seylynn Centre’, a 3.1 acre assembly of 24 lots previously single family homes demolished in 2018. The site, owned by Denna Homes, is now being used as the construction staging for the neighbouring ‘Apex’ tower by Denna across Fern Street from the site.

A previous proposal was submitted in 2017 that envisioned a 19-storey tower and 6-storey building with 412 units and a density of 2.90 FSR.

The revised proposal for the site includes a 22-storey tower and 6-storey podium in the eastern portion of the site (“Phase 1”) and a 29-storey tower and 6-storey podium in the western portion of the site (“Phase 2”).

Details include:

  • 334 condo units;
  • 146 market rental units;
  • 152 student housing units;
  • 17,825 SF of retail space;
  • a total density of 3.90 FSR;
  • a public plaza on the southern portion of the site;
  • 597 parking spaces.

The current proposal includes a density of 3.9 FSR, exceeding the site’s envisioned density of 2.9 FSR, and the “CRMU3” land use designation which supports a density up to approximately 3.5 FSR. The applicant is seeking an OCP amendment for the additional density, with the provision of non-market student housing, which equates to 1 FSR and 24% of the proposal’s residential component, provided in support of this request.

Further information about the preliminary proposal can be viewed here: https://www.dnv.org/property-development/1505-1571-fern-st-520-540-mountain-highway-1514-1568-hunter-st-seylynn-centre

July 13, 2023by david.taylor@colliers.com
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David Taylor Personal Real Estate Corporation

Colliers International

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David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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