Cressey has applied to the City of Vancouver to rezone a 4-lot assembly sold by our team in 2015 for $20.4 Million.

The plan for the 36,637 SF site at the Northwest corner of Cambie and West 31st Avenue is for two 6-storey residential buildings that include:

• 74 residential units;
• 26 one-bedrooms, 27 two-bedrooms and 21 three-bedrooms
• maximum building heights 69 ft. and 71 ft. from grade;
• a total density 2.36 FSR; and
• 157 vehicle parking spaces and 101 bicycle spaces.

The application is being considered under the Cambie Corridor Plan.

Amacon‘s proposed rezoning of a 40,000 SF site in the Brentwood Town Centre area of Burnaby is seeking approval to move to public hearing. The site at 2285 Willingdon is comprised of an assembly of four older industrial buildings, and is located at the Northwest corner of Willingdon Avenue and Juneau Street. The proposed project anticipates rezoning under the RM4s designation. The plan calls for a 23-storey condo tower above underground parking including:

• 147 condo units
• 39 one-bedrooms, 92 two-bedrooms & 16 three-bedrooms (including 5 townhouses)
• total density of 3.6 FAR
• amenities including rooftop deck, game room, gym, spin room, yoga studio
• 5,181 SF of amenity space
• 201 parking spaces
• 21 electric vehicle charge stations

The City of Coquitlam is likely to approve an expansion to their Community Amenity Contribution (CAC) program, as a result of several findings by City planning staff since late 2015 when they began exploring the idea of a policy regarding city-wide CACs.

Discussion topics from City staff included:

• Impact on Housing Affordability – it was determined based on previous studies that a new Citywide CAC would not have significant impact on housing affordability
• In-kind Contributions – this will be the standard approach at council’s discretion
• Citywide CAC versus Area-specific CACs – City doesn’t want to have different target rates in different areas thereby creating an uneven playing field for development. CACs are intended to be used in each area.

The new fixed target CAC rates will be as follows:

1. $3.00 per SF for the gross floor area of all new multifamily;
2. $5,500 per parcel for all new one-family residential lots over 375 m2;
3. $4,800 per parcel for all new one-family residential lots under 375 m2.

The new CAC program is set to take effect July 1, 2016, though project applications already in process will be exempt.

A development application has been filed for a site at 928 Commercial Drive, mid-block just South of Venables Street. The plan for the 33 x 121 ft site is to build a new infill building including:

• a 5-storey, mixed use building
• retail on first floor and residential above (2nd to 5th floors)
• 12 rental aparment units
• 3 parking spaces having vehicular access from the lane.

Under the site’s existing C-2C1 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The architect, Matthew Cheng, explains the design rationale:

Here is a brief update on a project in the West End that was originally envisioned prior to the West End Community Plan having been adopted in 2014.

The project is a partnership between Bosa Properties and Central Presbyterian Church, which used to worship on this property for many years. The property was rezoned in 2014 to allow a new 22-storey building that includes 168 units of market rental apartments and 45 units of non-market rental apartments, as well as retail space, a new church and a preschool.

Excavation was recently completed and a crane is scheduled for installation on June 25th. Completion of the project is scheduled for April 2018.

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