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Development

New Tower Proposed in Southeast False Creek

Pinnacle International has applied to amend the existing CD-1 zoning for a site it owns and currently houses a presentation centre but has not yet developed at 2-26 East 1st Avenue, at the corner of Ontario Street near the Olympic Village area of Southeast False Creek. The proposal is for an 18-storey building that includes:

    • 137 residential units;
    • a density of 6.98 FSR
    • 162 underground parking spaces.

The site was originally rezoned in 2006. This application is being considered under the Southeast False Creek Official Development Plan, Southeast False Creek Design Guidelines for Additional Penthouse Storeys, and Comprehensive Development District CD-1 (464).

26 East 1st26 East 1st_2

February 18, 2015by david.taylor@colliers.com
Development

Cambie Site Sells in $16.7 Million Deal

A strata townhouse complex located at the southwest corner of Cambie and West 65th Avenue has been acquired by the Buddhist Compassion Relief Tzu Chi Foundation of Canada for $16,700,000. The 34,600 SF site is currently zoned CD, but is designated for 6-storey development in the Cambie Corridor Plan. The purchase price equates to $195 per buildable SF assuming a density of 2.5 FSR.

510 West 65th

February 17, 2015by david.taylor@colliers.com
Development, Office, Retail

Richmond’s International Trade Centre Project Closer to Reality

MYIE Group is forging ahead with plans for a site in the Bridgeport Area of Richmond that has been on the drawing board. They have now applied for a development permit for the proposed International Trade Centre. The project was originally conceived several years ago and recieved rezoning in 2013.

The site is a triangular, 71,350 SF piece of land at 8451 Bridgeport Road. The proposed uses include general retail, restaurant, hotel and office. The plan includes:

  • A total density of 3.0 FAR (215,000 SF)
  • Three towers of 9, 12 (office) and 14-storeys (hotel) with a common five-storey podium including retail
  • Approximately 100 hotel rooms (Opus Hotel, managed by Trilogy)

In an effort to capitalize on the overwhelming success of Aberdeen Square, the office space will be strata-titled and sold. The developer is taking registrations through Magnum Projects.

ITC Richmond ITC Richmond_1

February 13, 2015by david.taylor@colliers.com
Development

Proposed West End Tower a First Under New Plan

A development application has been submitted under a new zone created by the West End Community Plan (“WECP”) which was adopted one year ago. This new RM-5D zone permits a density of 7.0 FSR and allows market residential if social housing is provided. The proposed development by Intracorp is for a 17,303 SF site at the Northwest corner of Davie Street at Jervis St.

This is the first sizable development application to be submitted under the WECP, and does not require rezoning since this area of Davie Village was rezoned by policy amendment as part of the WECP.

The tower component as proposed is intended to be market housing, while the podium is mostly comprised of affordable, city owned non-market housing, with a small commercial retail shop on the corner.The plan for this site calls for:

  • A 19-storey tower
  • 62 market residential units and 28 social housing units
  • 1 retail unit at grade
  • 114 underground parking stalls
  • A height of 190 ft.
  • Density of 6.61 FSR (114,372 SF)

1301 Davie 1301 Davie_2

February 12, 2015by david.taylor@colliers.com
Development

12-Storey Tower Proposed for Main & 2nd

Aquilini Group has applied to rezone a 33,746 SF site at the Southwest corner of West 2nd and Main Street known most commonly as the Maynards building. The plan calls for a rezone from IC-2  District to CD-1 to permit a 12-storey mixed-use building that includes:

    • 223 units;
    • 30 secured non-market rental units;
    • 13,000 SF of ground floor retail
    • artist production space of approximately 3,500 SF
    • a density of 5.50 FSR;
    • 297 underground parking spaces.

The design of the project is intended to meet the guidelines of the Mount Pleasant Community Plan.

The site was assembled over several years between 2008 and 2012.

1847 Main 1847 Main_2 1847 Main_3 1847 Main_4

February 12, 2015by david.taylor@colliers.com
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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

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howard__24 Howard Chai @howard__24 ·
5 Mar

Exclusive:

Brookfield has flipped the Shangri-La Vancouver (now Hyatt) retail podium to Aquilini Group for $55 million. Brookfield bought the property last summer.

Full story:

https://howardchai.substack.com/p/shangri-la-vancouver-hyatt-retail-brookfield-aquilini

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vancouvermrkt Vancouver Market @vancouvermrkt ·
22 Feb

SOLD: East Vancouver Retail & Apartment Building
https://vancouvermarket.ca/2026/02/22/sold-east-vancouver-retail-apartment-building/

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northshorenews North Shore News @northshorenews ·
17 Feb

12-unit Gleneagles townhouse project proposed in West Vancouver

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vancouvermrkt Vancouver Market @vancouvermrkt ·
31 Jan

A new proposal has surfaced for the parking lot next to Waterfront Station.

The redesigned project includes a 26-storey, 416,000 SF office tower, shaped like a tree, cantilevered over the existing station building.

Architect: James Cheng

Details: https://bit.ly/46aUB0W

4

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