A Cambie Corridor Phase 3 Townhouse site at 46-66 West King Edward has sold in a $12,730,000 to Sightline Properties. The sale equates to $471 per buildable SF.
The three lot assembly totals 22,500 SF and is located within the Townhouse area of the Cambie Corridor Phase 3 Plan. The total permitted density is 1.20 FSR.
Sightline acquired the neighbouring three lots in 2018 for $560 per buildable SF and is launching the pre-sales for their project ‘Just West‘, which will be the first phase. The six lots have now been consolidated.
Rize Alliance has submitted their development application for The Grid, a 10-storey office and light industrial project located on the South side of Terminal Avenue (306 Terminal), currently a Tim Hortons.
Under the site’s existing I-3 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.
A description of the project is provided in the application: “The project seeks to provide flexible floor plates that are suitable for all approved uses in the I-3 Zoning District Schedule. This is accomplished by providing open floor plans with generous floor-to-floor heights and robust electrical and mechanical infrastructure. Each suite is organized around a compact central core allowing for daylight penetration deep into the floorplate. Access to daylight, fresh air and views are provided through double height exterior communal spaces on the upper levels 3-10. The central core will connect tenants to a robust loading facility located on the ground floor level complete with a shared freight elevator servicing the industrial areas, and as well to an enhanced end of trip facility for commuters located on L2. The main level exterior plaza will provide opportunity for a communal social space for the occupants of the building, while also encouraging pedestrian flow from Terminal Avenue South into the Creative hub. “
