Lost amid the hype surrounding the impending City of Vancouver council decision on the removal of the Dunsmuir and Georgia viaducts is the release of the policy statement for the Oakridge Transit Centre (“OTC”) site, which is slated for imminent sale.

OTC is a 13.8 acre site on West 41st Avenue just east of Oak Street that is owned by Translink and has been used as a bus barn since 1948. Upon completion of the new Vancouver Transit Centre in 2006, the site became redundant over the next few years and Translink subsequently approached the City to redevelop the site. Planning began in early 2014, with various open houses and workshops, culminating in the current policy statement.

The report describes the vision for the site:

• a total density of 2.1 FSR
• 1,265,000 SF of development (estimated to be roughly 1,200 units)
• Building heights of 3-15 storeys
• 20% of units are affordable housing units
• 10,000-20,000 SF of retail uses along West 41st frontage
• 2.3 acre park
• $60 Million+ CAC
• Rezoning for adjacent Oakmont Medical Centre site (6-storeys, 2.5 FSR) and Petro Canada (8-storeys, 3.25 FSR)

Another week, another couple of rezoning applications for the Cambie Corridor…

Two applications have been filed for separate sites/projects across the street from each other on the West side of Cambie Street at West 62nd Avenue. The two applications feature similar designs and appear to be from the same developer:

7807 Cambie Street

This is a 10,544 SF site is for a 6-storey residential building that includes:

• 27 residential units;
• a building height of 65 feet;;
• a density of 2.70 FSR; and
• 36 underground parking spaces and 35 bicycle spaces.

This site, currently occupied by a duplex, was sold 2014 for $3,940,000, or $139 per BSF based on the anticipated density.

505 West 62nd Avenue

This is a 10,512 SF site is for a 6-storey residential building that includes:

• 22 residential units;
• a building height of 70 feet;;
• a density of 2.70 FSR; and
• 31 underground parking spaces and 46 bicycle spaces.

This property was previously listed for sale for $4,800,000, and sold for $4,300,000, or $150 per BSF to SDAE DEVELOPMENT (CANADA) CO. LTD.

Both applications are being considered under the Cambie Corridor Plan. The architect for both projects is GBL.

Townline Homes has filed an application to rezone the Oakridge United Church property located at 305 West 41st Avenue from RS-1 to CD-1. The preliminary plan for the 18,960 SF site two blocks East of Cambie is for a new 6-storey residential building that includes new church space for Oakridge United:

• 58 residential units;
• a replacement church space;
• a building height of 68 ft. ;
• a density of 3.33 FSR (0.32 FSR for church, 3.21 for residential)
• 74 underground parking spaces and 73 bicycle parking spaces.

This application is being considered under the Cambie Corridor Plan. The architect for the project is Patrick Cotter of ZGF Cotter Architects Inc.

A former Esso gas station site at the Southeast corner of West 10th Ave and Alma has been sold by Imperial Oil to Landa Global Properties for $18,118,000. The 23,201 SF, C-2 zoned site had been vacant for several years as part of remediation, and was listed for sale by tender process by Cushman Wakefield.

The price represents $311 per buildable SF based on the development potential under the existing C-2 zoning for 2.5 FSR.

A rezoning application has been filed for a 46,563 SF site at 445 Kingsway in the Mount Pleasant area which would allow rezoning from the existing C-2 zoning to allow a 6-storey mixed-use building that includes:

• 109 secured market rental apartment units;
• Commercial use (car dealership) at grade;
• A density of 3.69 FSR;
• A building height of 75.5 ft.; and
• 90 residential parking stalls, 209 dealership parking stalls, 4 loading spaces and 156 bike parking spaces.

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

The site is currently improved with Desination Hyundai, a single-storey auto dealership. The renderings appear to show that Destination Honda will be the new tenant. The architect for this proposal is FNDA Architecture.