Vancouver real estate guru talks condominiums.

When a new condominium project sells out in one day, as it did with the Marine Gateway building in April, ever wonder who actually buys one of the units?

Real estate marketer Bob Rennie, whose company was responsible for selling the 414 apartments at the Cambie and Marine towers, gave some indication in his annual speech Thursday to the Urban Development Institute.

Read more: http://www.vancourier.com/news/Vancouver+real+estate+guru+talks+condominiums/6646930/story.html#ixzz1vbmgD0yt

The District of North Vancouver is currently undertaking community consultations on the Lower Capilano Marine Village Centre Plan. The area has been identified as one of the four key Town and Village Centres under the District’s new Official Community Plan, which was adopted in 2011. This will likely result in a dramatic change for an area that has seen relatively little development over the past 20 years.

Initial concept work proposes a public plaza extending west from Capilano Road south of Fullerton Avenue. The plan incorporates mid-rise residential buildings up to a density of 2.50 FSR, as well as commercial uses at grade.  The plan also calls for transportation improvements, a community centre, and public art as part of the development program.

A draft plan is expected to be put together in late 2012, with approval expected in 2012/2013.

More information can be found here.

Burnaby’s 401 Motor Inn eyed for social housing project.

Vancouver’s Portland Hotel Society wants Burnaby to “turn the light on” to address homelessness in the city.

Dan Small, a director with the society, spoke at council on Monday night, asking the mayor and councillors to demonstrate support for an affordable supported housing project at the 401 Motor Inn at 2950 Boundary Rd. The plan would see the motel turned into social housing with support services, such as on-site staff and counsellors.

Yesterday evening Vancouver City Council unanimously approved Manulife Financial’s proposal to rezone 980 Howe Street from DD (Downtown District) to CD-1 (Comprehensive Development).  The proposal was for a 16 storey office building with a total floor area of 268, 908 square feet, a floor space ratio of 11.2 and a height of 200 feet.

Blue Sky Properties has applied to the City of Vancouver to rezone 633 Main Street, at the Northwest corner of Main and Georgia, from HA-1A (Historic Area) District to CD-1 District. The proposal is for a 16-storey mixed-use building with ground-level commercial uses and 151 residential units. The proposal includes a density of 9.29 and a maximum height of 150 ft., and 158 parking spaces.

The site was sold to Blue Sky Properties in 2011 by Colliers. More information about the project can be found here.