Photo by 604City, Flickr
Photo by 604City, Flickr
Porte Development has submitted a rezoning application for a 46,239 SF site at the corner of Dawson Street and Madison Avenue in the Brentwood Area of Burnaby. Unlike the rest of Brentwood, this proposal is not for a tower but for a 6-storey woodframe building with retail at grade and 92 residential units above. The plan includes:
Woodframe product is relatively scarce and will be a welcome project amid Brentwood’s thousands of highrise units in various stages of development.
The second half of the site was assembled earlier this year after the other half was bought in 2006 for a blended cost of approximately $47 per buildable SF.
A development application has been filed by Next Pacific Ventures Ltd. for a 6,754 site on East Pender Street near Clark Drive. The plan for the I-2 zoned property at 1257 East Pender Street includes:
The application is conditional under the I-2 zoning, which permits a height up to 100 ft. and allows some general office space in conjunction with industrial uses.
Aggressive urban planning around SkyTrain stations in Burnaby is turning the municipality into Metro Vancouver’s hotbed for condo development, according to an Urban Development Institute report.
Heavy pre-sales in projects such as Station Square at Metrotown and the redevelopment of Brentwood Town Centre added up to almost 30 per cent of all new-construction sales across Metro Vancouver, outpacing Vancouver’s downtown and west side neighbourhoods.
Throw in the city’s east side and Vancouver still sold more condominiums, but Burnaby’s high-density push is bringing development levels between the two cities closer together.
To the end of the third quarter, Burnaby saw 1,613 presales of condos under development compared with 1,394 for downtown and west-side Vancouver combined, UDI reported.
In total, developers have projects that add up to 14,548 units in the planning stage in Burnaby, within striking distance of the 14,766 in the City of Vancouver’s planning process.
Discussions about Grandview-Woodland’s community plan are well underway through the two-month-old citizens’ assembly, which is hosting a public roundtable about its work to date between 7 and 9 p.m., Nov. 26.
The citizens’ assembly’s effort is being complemented by city-run sub-area workshops that are open to the public. The first of the seven workshops, which focuses on the Cedar Cove neighbourhood, takes place Nov. 29.
The 48-member assembly began meeting near the end of September. Its job is to develop recommendations for the neighbourhood’s community plan and submit a report to city council next June. Feedback from the sub-area workshops will be included.
Members of assembly are wrapping up the “learning phase” of job at their meeting this Saturday, Nov. 22, and are moving into the second of three phases in December, which involves discussing issues and options.
Rachel Magnusson, the assembly’s chair, said the learning phase was designed to give members a broad overview of planning topics such as housing and transportation, as well as to hear from community stakeholders and organizations.
District of North Van council sends proposed CapU student housing tower back to drawing board via @NorthShoreNews
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
