A strata townhouse complex located at the southwest corner of Cambie and West 65th Avenue has been acquired by the Buddhist Compassion Relief Tzu Chi Foundation of Canada for $16,700,000. The 34,600 SF site is currently zoned CD, but is designated for 6-storey development in the Cambie Corridor Plan. The purchase price equates to $195 per buildable SF assuming a density of 2.5 FSR.
MYIE Group is forging ahead with plans for a site in the Bridgeport Area of Richmond that has been on the drawing board. They have now applied for a development permit for the proposed International Trade Centre. The project was originally conceived several years ago and recieved rezoning in 2013.
The site is a triangular, 71,350 SF piece of land at 8451 Bridgeport Road. The proposed uses include general retail, restaurant, hotel and office. The plan includes:
In an effort to capitalize on the overwhelming success of Aberdeen Square, the office space will be strata-titled and sold. The developer is taking registrations through Magnum Projects.
A development application has been submitted under a new zone created by the West End Community Plan (“WECP”) which was adopted one year ago. This new RM-5D zone permits a density of 7.0 FSR and allows market residential if social housing is provided. The proposed development by Intracorp is for a 17,303 SF site at the Northwest corner of Davie Street at Jervis St.
This is the first sizable development application to be submitted under the WECP, and does not require rezoning since this area of Davie Village was rezoned by policy amendment as part of the WECP.
The tower component as proposed is intended to be market housing, while the podium is mostly comprised of affordable, city owned non-market housing, with a small commercial retail shop on the corner.The plan for this site calls for:
