Vancouver Market - Chronicling Investment and Development Activity in Metro Vancouver
  • Home
  • Listings & Sales
  • About
  • Subscribe
Vancouver Market - Chronicling Investment and Development Activity in Metro Vancouver
Home
Listings & Sales
About
Subscribe
  • Home
  • Listings & Sales
  • About
  • Subscribe
Apartment, Development

225-Unit Rental Building Proposed for Central Lonsdale

Anthem Properties has submitted a rezoning application to the City of North Vancouver for a 28,000 SF site at 143 East 17th Street and 1600 -1640 Eastern Avenue, just East of Lonsdale in the Central Lonsdale neighbourhood. The site sits just East of Anthem’s condo tower project “Local on Lonsdale“, completed in 2013.

The site is designated as Residential Level 6 (High Density) in the OCP, and currently consists of five parcels; each with a building that was constructed between 1954 and 1956. All five buildings combine for a total of 55 rental units.

The plan for the site is a new 13 storey rental apartment building with ground oriented
units at its base. Details include:

  • 225 rental units (including 32 at below market rents);
  • 24 studios, 134 one-bedrooms, 53 two-bedrooms and 14 three-bedrooms;
  • a total density of 3.30 FSR;
  • a new 18,595 SF public park on the South end of the site;
  • a total building height of 121 feet;
  • 177 parking spaces.

The application describes the design rationale: “Attention was placed on the development’s four edges to ensure the relationship between building and street and
the public realm are strengthened. The Eastern Avenue and lane edges strive to promote a friendly pedestrian streetscape and pleasant relationship between resident and the street, to create a sense of entry and privacy for residents. The building edge facing East 17th Avenue is designed to feature an expressive entry element to the
building, a double height volume that is architecturally articulated. The indoor fitness and health amenity space is strategically located to animate the street and lane edge and sits by the entrance for convenient access to promote an active lifestyle.”

The architect for the project is DYS Architecture.

July 6, 2018by david.taylor@colliers.com
Development, Market Research

City of Vancouver Imposing New City-Wide Utilities DCL

Next week, City of Vancouver Council will consider a report from the Engineering and Planning Departments seeking to approve a new City-wide utilities development cost levy (DCL) and a long term capital projects program for upgrades. The report also confirms the Utilities Servicing Plan for the Cambie Corridor Phase 3 area and the CAC target rates for the Cambie Corridor and Marpole areas.

Here is a summary of these new recommendations.

New Utilities DCL

The need for infrastructure upgrades was highlighted during the latter stages of the Cambie Phase 3 planning in which significant new density was introduced in the Oakridge Transit Centre area in plans laid out in 2017. A reassessment of the future demand on sewer, drainage and water service capacity has led to this city-wide strategy. The City is now looking at increasing DCL rates to help finance the servicing requirements across multiple developments rather than piggybacking off of the initial developments in certain areas.

The recommended new DCL framework for financing water, sewer and drainage utilities
upgrades includes a long-term capital program of approximately $1 Billion and the introduction of a dedicated City-wide Utilities DCL to cover approximately $547 Million of that cost (benefit to new development) through DCL’s by 2026.

Currently, utilities are embedded in the overall City-wide DCL rates, but the utilities component will now be separated in order to “improve transparency and certainty for developers.” 

The report highlights the utilities portion of current DCL and the proposed Utilities DCL to demonstrate the increased rates:

Interestingly, a background study by Coriolis Consulting noted the following (from report):

  • New residential development downtown and on the west side of the city could
    accommodate the proposed rate increases.
  • New residential development on the east side of the city has less ability to absorb
    the new DCL costs without impacting economic feasibility.
  • For new non-residential development, Coriolis found in last year’s DCL report to the City that an increased DCL rate would have a negative impact on sites that are currently viable for redevelopment. For new industrial development, it would be challenging for most projects to support any increase in DCL rates given the
    inherent challenging economics. Similarly, it would also be challenging for most new office development to support an increased DCL rate.
  • In all cases where there is a DCL rate increase, it is preferable to phase-in the rate increase so new development can adjust to the increased costs.

The report also recommends that the Utilities DCL be waived for market rental housing (Most rental rezonings are eligible for DCL waiver) on an interim basis until 2020 with a review by staff coming next year.

The new DCL rates will come into effect on September 30, 2018 (rates are protected for in-stream applications for one year from the effective date).


Utilities Servicing Plan for Cambie Corridor & CAC Rates

The City approved the Cambie Corridor Phase 3 Plan at council in May, though the land use plan has remained subject to a pending Utilities Servicing Plan, which intends to lay out the development sequence of sites based upon utilities upgrades.

Highlights of the plan include:

  • City-initiated rezoning (“prezoning”) of townhouse areas in Stage 1 in the
    short-term (anticipated for referral and public hearing in summer/fall of 2018)
  • Requirement for basic onsite rainwater and groundwater management

Here is a guideline for development in the Cambie Phase 3 area:

 

Lastly, here are the proposed new CAC target rates for the Cambie Corridor and Marpole Areas:

Cambie Corridor

Marpole

 

 

The full report can be viewed here: https://council.vancouver.ca/20180711/documents/cfsc1.pdf

July 6, 2018by david.taylor@colliers.com
Apartment, Development

38 Rental Units Planned for Grandview Woodland Site

A rezoning application has been submitted for a 4-lot land assembly at 1535-1557 Grant Street in the Grandview Woodland area of East Vancouver. The plan calls to rezone the 13,060 SF site from RM-4N to allow a 6-storey residential building over one level of underground praking and includes:

    • 38 secured rental housing units;
    • 22 one-bedrooms, 8 two-bedrooms & 8 three-bedrooms;
    • a total density of 2.25 FSR;
    • a building height of 63.6 ft; and
    • 23 parking spaces (including one care share).

This application is being considered under the Grandview-Woodland Community Plan.

The architect for the project is Stuart Howard Architects.

June 22, 2018by david.taylor@colliers.com
Development

438-Room Hotel Planned for West Broadway

A rezoning application has been submitted to the City of Vancouver to rezone the site at 878-898 West Broadway, between Laurel Street and Willow Street, currently improved with an older 117-room 7-storey hotel Park Inn & Suites, which was built in 1965. The owner of the property is Dingye Property Group Ltd.

The proposal consists of the construction of two high-rise hotel buildings (13 and 11 storey, respectively) including a mixed-use podium, to be comprised of:

    • 28,839 SF of retail use at grade;
    • 438 hotel units (258 short-term and 180 long-term stay);
    • a proposed density of 8.38 FSR;
    • a building height of 142 ft; and
    • 485 underground car parking spaces, 35 bicycle spaces, and on-site loading.

The application describes the rationale for the project: “The existing structures on the site represent an underutilization of land for this strategic location. With the expansion of the Vancouver General Hospital and the more recent announcements regarding an expansion of a rapid transit line along the Broadway Corridor, the timing for the rezoning of the site to build on the demand for new retail and hotel uses in the area is now.”

The rezoning is being considered under the Metro Core Job and Economy Land Use Plan.

The architect for the project is Arno Matis Architecture.

The full rezoning application can be viewed here: http://rezoning.vancouver.ca/applications/878wbroadway/index.htm

June 22, 2018by david.taylor@colliers.com
Apartment, Condo, Development, Office, Retail

Mixed-Use Development Planned for 4.9 Acre Richmond Site

A formal rezoning application has been submitted to the City of Richmond for permission to develop the project called “Atmosphere” at the corner of No. 3 Road and Alderbridge, across from Lansdowne Shopping Centre. The developer is South Street Development Group.

The 4.9 acre site at 7960 Alderbridge Way and 5333 & 5411 No.3 Road is in the City Centre High Density Mixed Use (Urban Centre T6) designation area of Richmond’s City Centre plan and allows for rezoning for residential and commercial uses.

The project envisions a podium and tower form of development with three levels of below grade parking, ground level commercial, one office tower and six residential towers.

Full details of the rezoning application include:

  • a total of 872,585 SF;
  • 824 residential units;
    • 674 condos;
    • 112 market rental units;
    • 38 affordable housing units;
  • 71,163 SF of retail space;
  • 129,172 SF of office space;
  • a total density of 3.89 FAR;
  • improvements to No. 3 Road & Alderbridge.
  • a new North-South Road.
  • 1,161 parking spaces.

The site sold in September 2017 for $113,000,000, or $130 per buildable SF based on gbl arthe application.

The architect for the project is GBL Architects, and the marketing company is Magnum Projects.

June 22, 2018by david.taylor@colliers.com
Page 120 of 345« First...102030«119120121122»130140150...Last »

Search the Site

Vancouver Market Follow

David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

vancouvermrkt
vancouvermrkt Vancouver Market @vancouvermrkt ·
22 Feb

SOLD: East Vancouver Retail & Apartment Building
https://vancouvermarket.ca/2026/02/22/sold-east-vancouver-retail-apartment-building/

Reply on Twitter 2025687868316975176 Retweet on Twitter 2025687868316975176 Like on Twitter 2025687868316975176 1 X 2025687868316975176
Retweet on Twitter Vancouver Market Retweeted
northshorenews North Shore News @northshorenews ·
17 Feb

12-unit Gleneagles townhouse project proposed in West Vancouver

Reply on Twitter 2023587010053886050 Retweet on Twitter 2023587010053886050 1 Like on Twitter 2023587010053886050 2 X 2023587010053886050
vancouvermrkt Vancouver Market @vancouvermrkt ·
31 Jan

A new proposal has surfaced for the parking lot next to Waterfront Station.

The redesigned project includes a 26-storey, 416,000 SF office tower, shaped like a tree, cantilevered over the existing station building.

Architect: James Cheng

Details: https://bit.ly/46aUB0W

4

Reply on Twitter 2017391670359142680 Retweet on Twitter 2017391670359142680 Like on Twitter 2017391670359142680 3 X 2017391670359142680
vancouvermrkt Vancouver Market @vancouvermrkt ·
23 Jan

Reply on Twitter 2014742407959740885 Retweet on Twitter 2014742407959740885 Like on Twitter 2014742407959740885 8 X 2014742407959740885
Load More

Categories

  • Apartment
  • Condo
  • Development
  • For Sale
  • Hotel
  • Investment
  • Land
  • Market Research
  • Office
  • Rental
  • Retail


David Taylor Personal Real Estate Corporation

Colliers International

© 2019 Copyright  |  All Rights Reserved