Bonnis Properties has submitted a rezoning application to the City of Vancouver to rezone a 17,433 SF site it assembled earlier this year at 1965-1981 Main Street. The plan is to rezone from IC-2 to CD-1 under the Mount Pleasant Community Plan for the purpose of developing a 6-storey mixed-used building. The proposal includes:

• a total density of 3.0 FSR;
• 69 residential units, including two artist studios;
• ground-level commercial space; and
• two levels of underground parking

Main Street View

Site Map

The site was acquired in 2013-2014 for a total of $9,690,000, or $185 per buildable SF.

After months of speculation about a potential sale, Morguard has officially completed the sale of 1500 West Georgia Street to Bosa Properties (1500 Holdco) Inc. for a reported $120,500,000.

The 193,000 SF A Class office building sits on a very valuable and partially underutilized 43,320 SF, full-block site at the Southeast corner of West Georgia and Cardero and has been a landmark in Vancouver since it was built in the late 1970’s.

Any future redevelopment plans of the plaza area are not known at this time.

Aerial View of 1500 West Georgia

By ChangingCity

This ‘mystery’ application appeared on the Development Permit Board schedule a few weeks ago. 308 West Hastings today is a single storey former bank, alongside Victory Square. Here’s the render of the projects, intended to be “a new 6-storey mixed-use building containing commercial uses (ground floor), institutional uses (second floor), and residential rental units (third to sixth floors) under the Rental 100 Program”. The image shows it’s for Simon Fraser University, and there will be 52 rental units (aimed at post-graduate students) designed by Raymond Letkeman Architects.

…read more

Source: Changing City

Earls has sold its long-held property on Marine Drive to a development group led by Darwin Construction for $20,000,000. The 2.06 acre site is currently built out with the restaurant itself, which Earls has occupied since 1984, and surface parking. No word on redevelopment plans yet, though based on the purchase price, redevelopment is surely on the horizon.

Interestingly, the site straddles two municipalities, with one legal lot located in West Vancouver, and the other located in the District of North Vancouver. The lot on the North Vancouver side is designated for 1.75 FSR.

The site appears to have excellent development potential with recent rezoning approval for two residential towers with 262 units at the Grouse Inn site further down the block at Capilano Road.