The City of Vancouver is about to implement their annual inflationary adjustment to Density Bonus Contributions and target rate CAC’s. The density bonus contributions are basically CAC’s that are specifically intended for density bonuses associated with conditional zoning in a small set of pre-planned areas including: Mount Pleasant, Joyce Collingwood, Marpole and Norquay. 

The target rates for density bonus contributions in these areas are proposed to increase by 11.9%, and will become effective on September 30, 2017. The Mount Pleasant I-1A and I-1B zones are not being adjusted for inflation this year because these areas were only established as new density bonus zones in 2017.

For CAC’s the increase is at the same rate, with updated rates as follows:

Expect even further updates to CAC target rates coming in late 2017 and early 2018 as the City of Vancouver seeks to “align with the updated needs identified in the Public Benefits Strategy.”

A full copy of the Policy Report on Density Bonus Contributions can be viewed here: http://council.vancouver.ca/20170725/documents/p8.pdf

The Policy Report on CAC’s is located here: http://council.vancouver.ca/20170726/documents/pspc5.pdf

The much anticipated Vancouver House project is beginning to take shape. 17 of the tower’s 52 storeys have now been poured and exterior glazing is nearing completion on the lower floors.

photo courtesy mcminsen http://po.st/KcDURQ via @imageshack

photo courtesy mcminsen http://po.st/eMNplU via @imageshack

photo courtesy mcminsen http://po.st/hbBRKF via @imageshack

photo courtesy mcminsen http://po.st/eMNplU via @imageshack

I am pleased to introduce this rare opportunity to acquire a rental fourplex on a 30,000 SF lot near Edgemont Village in North Vancouver. The Official Community Plan designation allows for rezoning to a density up to 0.80 FAR.

Brochure for 3712-3718 Edgemont Blvd 

We are pleased to announce the sale of 420-440 Mountain Highway, a high density mixed-use development site in the Lynn Creek area of North Vancouver.

The preliminary master plan concept for the 38.5 acre Sapperton Green site has now been approved by the City of New Westminster, allowing the project to move forward to public consultation and eventual rezoning.

Plans to rezone and redevelop the current industrial property first came forward several years ago, with an application by Quadreal for OCP amendment approved in November 2015.

The site sits on the Eastern edge of New Westminster and is adjacent to Braid Skytrain Station. The site is currently improved with older industrial buildings currently used by Amazon.

Details of the proposed development within the preliminary master plan include:

• 13 to 14 residential towers with midrises and townhouses
• Approx. 3,700 units (half condo / half rental)
• 3,400,000 SF of residential space
• 800,000 to 1,150,000 SF of office space (mostly along Braid near the station)
• 150,000 SF of retail space
• 35,000 SF community centre facility
• a central greenway running through the site in addition to a road network
• park dedication equal to approx. 12% of the gross site area
• a CAC to be determined

The first phase of the project would occur on the South and East portions of the site, the subsequent three phases would require demolition of the existing Amazon building.

It is anticipated that the rezoning application would be sent to public hearing in the Spring of 2018.