Wall Financial has applied to the City of Vancouver to rezone 1107 Seymour Street from DD to CD-1 to build approximately 22,200 sq. ft. of Social Amenity Space and 56,050 sq. ft. of affordable rental housing, or 81 units. The proposed development will provide 11 floors of affordable rental housing over four levels of office space for the non-profits Positive Living Society of BC and AIDS Vancouver. Two levels of underground parking accessed from the lane will provide 22 parking stalls, bicycle storage and associated service space. The building will be 155 ft. in height and have a density of 8.69 FSR.

Wall acquired the site in October 2011 for $5,000,000, or approximately $185 per buildable sq ft. The site is currently improved with a 2-storey office building.

Burnaby NewsLeader – Solo set to transform Burnaby’s Brentwood corner.

As a Burnaby boy, Jim Bosa has passed by the southwest corner of Lougheed Highway and Willingdon Avenue thousands of times.

“I just saw the potential of what we could have down here,” said Bosa, now president of Appia Developments.

Read more: http://www.burnabynewsleader.com/news/159772495.html

Westbank Projects has applied to the City of Vancouver to rezone the Canadian Tire site at 2220 Kingsway from C-2 to CD-1. The proposal is for a mixed-used development consisting of 330,000 SF of residential and 52,000 SF of commercial space. The proposed development includes 404 residential units, with a height of 148 ft., and a total of 561 parking spaces.

Westbank purchased the 2.3 acre site in September 2011 from Manulife Financial for $34,088,000, representing approximately $107 per buildable sq ft.

37-storey Central Park tower gets green light.

A proposed 37-storey apartment tower, with three-storey townhouses, across from Central Park passed second reading at Monday night’s council meeting.

Residents in nearby buildings, including the Parkcrest on Patterson Avenue and The Metropolitan on Olive Avenue, are protesting the move.

Finance Minister Jim Flaherty tightens mortgage rules.