After much industry speculation, the Denny’s property has sold to a group led by local developer Anthony Pappajohn. The purchase price was $26,250,000, which equates to $467 per buildable SF for the 18,750 SF C-3A zoned site. Denny’s lease expires in April 2018, creating near term redevelopment potential.

The site had been listed for sale in late 2015 by Jones Lang Lasalle without an asking price and garnered significant interest given it’s location.

C-3A zoned properties on or near Broadway have been attracting a lot of attention due to the zone’s attractiveness with residential entitlements to 3.0 FSR. Likewise, many buyers view the long-term upzone potential in this area as an attractive feature.

Decorus Developments has filed a rezoning application for a C-1 zoned strip retail property at the corner of Broadway and Renfrew in East Vancouver. The plan for the site at 2894 East Broadway calls for rezoning from the existing C-1 to allow a new rental apartment buildings that includes:

• A new 4-storey building
• Commercial use at ground level;
• Total of 37 secured market rental units on the 3 upper storeys;
• A height of 46.4 ft.;
• A density of 2.65 FSR.

This application is being considered under the Secured Market Rental Housing (Rental 100) Program.

Aurmon Development has applied to rezone a 24,160 SF site that it owns at West 2nd and Wylie Street in the Southeast False Creek area. 371 West 2nd Avenue is currently zoned M-2 (Industrial) and the proposal is for a 12-storey building (10 storeys plus 2 penthouse levels) above a 6-storey podium (5 storeys plus 1 penthouse level). The proposal includes:

• 132 strata condo units;
• 78 one-bedrooms, 38 two-bedrooms and 12 three-bedrooms
• A height of 130 ft;
• A density of 4.11 FSR
• Three levels of underground parking

This proposal is being considered under the Southeast False Creek Official Development Plan (ODP).

The full rezoning application can be viewed here.

The site was acquired by Aurmon in 2010 for $9,650,000, or $114 per buildable SF.

A development permit application has been submitted for a 50′ x 120′ site at the Northwest corner of West 11th Avenue and Maple Street in Kits; across from Lord Tennyson Elementary School. The plan for the C-7 zoned site calls for retention of the two-storey heritage building on the lane redevelopment of the existing retail building into a 7-storey residential building. Details include:

• 8 units in total
• 3 townhouse units and 5-units in floors 3-7 (one suite per floor, all 3-bedrooms)
• Total density of 2.44 FSR (18,316 SF)
• 2 levels of underground parking

Existing site

The architect for the project is Ankenman Marchand Architects.

The site had been listed for sale with CBRE in 2015 for $4,988,000, and sold in September 2015 for $4,950,000; equivalent to $270 per buildable SF.

After holding preliminary open houses late last year to unveil the First Baptist Church redevelopment to the public and the media, Westbank has now submitted their formal rezoning application for the Bing Thom designed project at 969 Burrard St. & 1019-1045 Nelson Street. The specific details of the project have now been finalized for rezoning application purposes.

Major details of the proposal includes:

• • restoration of First Baptist Church;
  • new church ancillary spaces, including a 37-space child daycare, a gymnasium, a counselling centre and offices;
  • a new 8-storey building containing 66 social housing units, owned by the church;
  • a new 56-storey tower containing 294 market strata residential units;
  • a combined total new floor area of 559,925 SF.
  •  a total density of 10.79 FSR;
  • 497 underground vehicle parking spaces.

This rezoning application is being considered under the Rezoning Policy for the West End and the West End Community Plan.

As the building sits at an elevation of 167 ft above sea level, it will appear as one of the tallest buildings on the Downtown skyline, only slightly shorter than Shangri-la and Trump Tower.

Further detail on the rezoning application can be found here: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/969burrard/index.htm