A master plan for a chunk of Queensborough next to Port Royal is in the works.
The plan began when Platform Properties developer Kyle Shury noticed the New Westminster school district put a triangular piece of land at Stanley and Duncan streets up for sale. He bid on it and got it. Then he went to city hall and they’ve agreed to sell Platform 19 properties it owns nearby. That will give Platform just under 10 acres in total. The city then created a special study area of 21 acres to develop a master plan for the land, with the company taking the lead.
“Between the two of those (Platform’s property and the city properties) we saw an opportunity to create a significant [community],” said Shury.
The area is bounded by Ewen Avenue, Stanley Street, Duncan Street and Furness Street. Most of the land is currently zoned light industrial. Platform wants to turn it into a planned residential, commercial and retail mix.
Shury had previously been part of putting together the Queensborough Landing shopping complex.
So he knew the community’s potential and liked a lot of the changes that have taken place, especially Port Royal. “They’re starting to see the benefits of all their hard work,” said Shury.
Read more: http://www.newwestnewsleader.com/news/264317391.html
Tower One of Shape Properties’ new Brentwood project in Burnaby, comprising 287 units in the top half of a 53-storey tower, sold out in a matter of a couple of hours on Saturday…
The Amazing SOLD OUT board at The Amazing Brentwood! Come down to the site to get on the list for… http://t.co/TULimzNggx
— Rennie Realty (@TanzolaReggie) June 22, 2014
People actually camped out for as long as three nights just to get a chance to buy one…
Just when you think stories like this are a thing of the past; Rennie does it again!
Richmond city council is set to consider another case of a developer having a change of heart on affordable housing.
Intracorp’s Hollybridge Limited Partnership had planned to construct a standalone building with 29 low-end market rental housing units as part of a multi-tower development of 586 homes in the Oval Village.
Now it’s seeking the city’s permission to pay $4.6 million into the city’s affordable housing fund instead of building affordable living units. The figure is based on the five per cent affordable housing required in exchange for a density bonus.
Intracorp’s development site, at 6888 River Rd. and 6900 Pearson Way, is near the Richmond Olympic Oval. Floor area originally intended for affordable housing would be used for market residential units and additional street-level commercial space, according to a staff report.
City staff are recommending council approve the change, and funnel the cash into an affordable housing project planned for city-owned land at 8111 Granville Ave., and scheduled for completion in spring 2016.
Read more: http://www.richmondreview.com/news/263560851.html
