I am pleased to have acted on behalf of the Vendor in the sale of a 3.6 acre townhouse site in the Queensborough area of New Westminster. The site is expected to yield over 80 townhouses. The property sold for $7,550,000 after a comprehensive marketing process.
Oxford Properties has formally applied to rezone their property at 1133 Melville Street; a 30,510 SF site currently occupied by a 7-storey parkade and office building topped with two floors of vacant multi-residential.
The project, rumoured for the last couple of years, calls for a 33-storey office building with retail at grade, including:
This rezoning application is being considered under the Rezoning Policy for the Central Business District (CBD) and CBD Shoulder, General Policy for Higher Buildings and Rezoning Policy for Sustainable Large Developments.
Once completed, it will be one of the tallest and largest office buildings in Vancouver. Comparable nearby shorter towers include Bentall 5, which contains 583,000 SF of office space; Park Place at 596,000 SF; and Bentall IV at 548,000 SF.
The architect team of KPF and Kasian, describes the project in the application:
The project stands at 33 storeys. Typical floor plates are approximately 20,000 SF with a five storey bustle on the west side of the tower separating the tower volume from the adjacent Loden Hotel and providing 5 floors with a 23,000 SF floor plate. The ground floor is programmed with both lobby and active retail space.”
Oxford acquired the property in 2010 for $27,650,000. The property was previously owned by Amacon who developed the Loden Hotel next door. Amacon had originally planned a hotel and office tower project on the property, but later elected to sell it.
A rezoning application in North Vancouver intends to replace two low-density apartment buildings with a new 6-storey rental apartment building and could be a good model for other rental projects in the City of North Vancouver and elsewhere in the Lower Mainland.
The proposal for the 12,014 SF site at 362-368 East 3rd Street is to replace two older apartment buildings with a combined total of 11 apartments, with 40 rental units in a new 6-storey building. The proposed density is 2.6 FSR per the recently adopted OCP for the area. The plan includes only 9 parking stalls on the surface at the rear of the new building.
The unit mix includes:
Because the proposed project is 100% secured rental housing, there will be no community amenity contribution.
Current Site Condition
The application is still preliminary and requires council approval to move through the standard rezoning process.
Thind Properties has submitted an application to rezone a 31,623 SF site at 2395-2443 Kingsway from C-2 and RT-2 to CD-1 to allow a 12-storey building condo building with retail at grade, including:
The site has 297 feet of frontage on Kingsway. The application is being considered under the Norquay Village Neighbourhood Centre Plan which designated the site for highrise residential up to 3.80 FSR.
Based on the overwhelming success of sales of its first two towers, and with almost all of the 850 units in Brentwood ONE and Brentwood TWO towers having now sold out, Shape Properties is seeking Burnaby City Council approval for a third phase, comprising a further 526 units in a new 51-storey tower on the Lougheed Highway frontage. Details include:
When completed, this third tower will bring the total unit count at Brentwood Town Centre up to 1,366 units, about a third of the total overall units planned for the site.
First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion
First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while
West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave
Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor
