I am pleased to introduce this opportunity to acquire a residential development site in the Norquay Village area of East Vancouver. The site has rezoning potential to allow an 8-10 storey building and approx. 73,500 SF buildable.

Please download the brochure for an overview of this opportunity here: Brochure

Westbank Corp. has filed their rezoning application for the 23,234 SF site at the Northwest corner of Broadway and Alma Street. The site at 3701-3743 West Broadway is currently zoned C-2 and is currently improved with an old strip retail property.

The rezoning proposal is for a 6-storey mixed-use project, which includes:

• 94 secured market rental units;
• 59 studios, 1 one-bedroom, 33 two-bedrooms, 1 three-bedroom
• 7,190 SF of retail space
• A total density of 3.15 FSR;
• A building height of 64 ft.; and
• 99 parking spaces.

This application is being considered under the Affordable Housing Choices Interim Rezoning Policy. The architect for this project is Henriquez Partners.

The site was acquired by Westbank in 2011 for $9,443,000 or $121 per buildable SF based upon the current rezoning application.

A rezoning application has been submitted for a site on Cambie at West 48th Avenue that includes a vacant lot that was left over after the Canada Line was completed. The plan for the two lot assembly is an interesting one and a slight departure for Cambie in that it proposes a 10-storey building that includes:

• 59 residential units;
• 12 one-bedrooms, 41 two bedrooms, 6 three-bedrooms
• 1,069 SF of retail at grade;
• a building height of 108 ft.;
• a total density of 3.87 FSR; and
• 44 underground vehicle parking spaces and 74 bicycle parking spaces.

The application is being considered under the Cambie Corridor Plan.

The architect is Hotson Architecture.

The two lots were assembled for a combined price of $11,800,000, or $198 per buildable SF.

Here is a construction update for Connaught in Edgemont Village in North Vancouver. The 82-unit concrete project by Grosvenor is now close to sold out and excavation is nearly complete. When completed the project will contain a Thrifty’s to replace the Super Valu grocery store that previously occupied the site.
Photo courtesy 604 City on Flickr

We are pleased to announce the sale of 1574 Kingsway in Vancouver. This mixed-use residential/retail building sold for $2,750,000. The property was marketed and sold by our team in late 2016.