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Development

Market Spotlight: Citti – 238 West Broadway

Here is an update on Changing City about a site I sold in 2011:

By ChangingCity

This is another project near the Cambie corridor; on West Broadway with 61 condos over retail on eight floors. W T Leung designed the project which will replace three small commercial buildings to continue the residential densification of West Broadway.

The project was approved in June 2012, marketing started, and then stopped. Now it has a new name – Citti – and a new sales centre as a different developer takes over the design and tries to get sufficient sales to build. The cladding is a traditional brick masonry finish with some dramatic orange details a little reminicent of the GBL Olympic Village design.

…read more

Source: Changing City

June 1, 2014by david.taylor@colliers.com
Development

Construction Update: Marine Gateway (VIDEO)

Great video from PCI showing a construction progress on their Marine Gateway project (with the help of a drone?).

June 1, 2014by david.taylor@colliers.com
Development

202-Unit Project Proposed for Cambie and W. 35th Ave

A rezoning application for 10 single-family lots located at 4949-5109 Cambie Street goes to public hearing next week.

cambie35th

4949-5109 Cambie Street

Washington Properties (whose project you might be familiar with on West 41st across from Oakridge) is planning the development of three six-storey concrete residential buildings containing a total of 202 units all over two levels of underground parking. The total site frontage is 626 feet, and the total site area is 76,825 SF.

Washington’s website suggests the units will all have air conditioning and “high” ceilings.

The Cambie Corridor Plan suggests this site can achieve 1.75 to 2.25 FSR, but before a road dedication and a transfer of heritage density, the proposed density is 2.39 FSR (or 2.60 FSR after the road dedication). Approximately 20% of the $5.5 Million CAC will be the transfer of heritage density.

4949-5109 Cambie Street_2

The site was acquired between 2011 and 2012 for $34,098,000, or $186 per buildable SF.

See more information here.

May 28, 2014by david.taylor@colliers.com
Development, Retail

Long-Vacant Lot in Coquitlam to be Redeveloped

A controversial piece of property in central Coquitlam that’s sat vacant for years will get a new lease on life, in a move that was widely opposed at a public hearing Monday.The property is located at 1649 Como Lake Ave., directly west of the Chevron station at the intersection with Poirier Street.

1649 Como Lake_2

The proponent, represented by Tideway Developments, wants to consolidate two lots at 1649 and 1665 Como Lake Ave. to make way for a one-storey, 6,600-square-foot development encompassing four businesses.

What those businesses will look like remains unclear, as the developers are still seeking interested parties. The city’s zoning policy allows only for businesses like a grocery store, specialty food retailer, flower shop or seasonal Christmas tree stand.

1649 Como Lake

The rezoning was endorsed unanimously, despite a handful of residents at the public hearing citing concerns around increased traffic, crime and vandalism, a loss of property values, and the belief that commercial units don’t belong in the neighbourhood.

Read more: http://www.thenownews.com/news/long-vacant-lot-in-coquitlam-to-be-redeveloped-1.1077604

May 28, 2014by david.taylor@colliers.com
Development

Plans for 48-acre Southgate Neighbourhood Taking Shape

Plans are coming together for the Southgate neighbourhood, the 48-acre Safeway distribution centre that was sold to Ledingham McAllister in 2012. The City of Burnaby has been working through a draft plan since last year and has now released a concept for the site.

Overall Site Plan

Overall Site Plan

The preliminary plan includes the following:

  • A gross density of 2.8 FAR
  • 5.8 Million SF of Market Residential
  • 200,000 SF of Commercial Space
  • Approx. 20 towers up to 46-storeys in height
  • 15-20 year build-out
Tower Heights

Tower Heights

Southgate 2

May 26, 2014by 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

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