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Development

Yuanheng Proposing 65-unit Project at King Edward Station Site

Yuanheng Development has applied to the City of Vancouver to rezone 4099 Cambie Street from C-2 to CD-1 per the Cambie Corridor Plan. Colliers sold the site, which sits directly adjacent the King Edward Canada Line Station, in 2011.4099 Cambie

The proposal is for a mixed-use building with retail at grade and residential units on the upper floors, including:

      • a density of 3.52 FSR
      • a height of 8 storeys with a partial mezzanine contained in the ground floor;
      • a total 65 market condo units
      • a total of 79 vehicle parking spaces underground.

More information here.

August 28, 2013by david.taylor@colliers.com
Development, Market Research

Market Spotlight: Currently Proposed Rezoning Applications in City of Vancouver

Here is a look at the 31 rezoning applications in the City of Vancouver that have not yet been approved. The various applications have been ranked based upon the % increase in density.

AddressProposalGuide: Area Plans/City PolicyCurrent Density (FSR)Proposed Density (FSR)% Increase
1665-685 West 41st Ave267 market condo and rental units, 6-storeysCambie Corridor Plan/Oakridge Centre Policy Statement/STIR0.603.10417%
2755-795 West 41st Ave74 condo units, 6-storeysCambie Corridor Plan/Oakridge Centre Policy Statement0.602.72353%
34139-4187 Cambie Street73 condo units, 6-storeysCambie Corridor Plan0.602.60333%
44412-4488 Cambie Street102 condo units, 6-storeysCambie Corridor Plan0.602.60333%
56629-6709 Cambie Street128 condo units, 5-storeysCambie Corridor Plan0.602.49315%
64959-5109 Cambie Street161 condo units, 6-storeysCambie Corridor Plan0.602.43305%
7563-571 West King Edward70 condo units, 6-storeysCambie Corridor Plan0.602.43305%
82405-2445 Cornwall Avenue170-bed private hospital, 4-storeysKitsilano Neighbourhood Plan0.752.43224%
9Oakridge Centre2,818 residential units, retail and office space, up to 45-storeysOakridge Centre Policy Statement1.103.54222%
10706 West 13th Ave230 "mixed income" units, 5 to 10 storeysRezoning Policy for Greener Larger Sites0.752.29205%
11275 Kingsway195 market rental units, 13-storey towerMt. Pleasant/Rental 1003.008.77192%
12445 SW Marine Drive514 condo units, 70 non-market rental unitsCambie Corridor Plan, Marpole Community Plan1.504.27185%
131754-1772 Pendrell Street53 condo units, 26 rental units, 19-storeysWest End Residential Areas Policy Plan2.206.17180%
1433-41 East Hastings Street169 social housing units, 14 storeysInterim Rezoning Policy during Prep of DES Local Area Planning Program3.008.11170%
15320 Granville Street32-storey office buildingRezoning Policy for CBD/Central Waterfront Hub Study9.0024.10168%
161290 Burrard Street723 condo units, 87 rental units, retail and office space, up to 54-storeysDowntown South Goals and Policies/Green Buildings Policy for Rezonings/STIR5.0013.33167%
175805 Wales Street68 market townhousesVictoria Fraserview/Killarney Visions Program/Heritage Policies and Guidelines0.601.22103%
187249 Cypress Street5 3-storey rowhousesArbutus Ridge-Kerrisdale-Shaughnessy Community Vision Plan0.601.20100%
191412-1454 East 41st Ave35 market rental units, 4-storeysVictoria Fraserview/Killarney Visions Program/STIR1.202.3394%
202806-2850 Cambie Street141 condo units, retail, 10-storeysMount Pleasant Community Plan, Green Buildings Policy for Rezonings2.254.1183%
212290 Main Street89 condo units, 9-storeysMt. Pleasant Community Plan3.004.9264%
221920 SW Marine Drive3-storey 92-bed care facilityArbutus Ridge-Kerrisdale-Shaughnessy Community Vision Plan/Southlands Plan0.600.9355%
231568 East King Edward77 market rental units, 6-storeysKensington-Cedar Cottage Plan/STIR2.503.7952%
243068 Kingsway30 rental units, retailRenfrew-Collingwood Community Vision/STIR2.503.6546%
255648-5658 Victoria Drive30 market rental units, retail, 6-storeysFalse Creek North ODP/NEFC Directions2.503.6546%
264099 Cambie Street65 condo units, retail, 8-storeysCambie Corridor Plan2.503.5241%
27960 Kingsway39 market rental units, 6-storeysKensington-Cedar Cottage Plan/STIR2.503.3936%
28Plaza of Nations2,000 condo units, up to 30-storeysFalse Creek North ODP/NEFC Directions3.003.9030%
291412-1460 Howe Street407 condo units, retail, officeUnder the Granville Bridge Neighbourhood Commercial Centre Policy/Granville Slopes Policy4.005.0827%
304508-4560 Dunbar Street83 condo units, retail, 6-storeysDunbar Community Vision2.202.5114%
313819 Boundary Road25 market rental units, 5-storeysRenfrew-Collingwood Community Vision/STIR1.501.575%
Showing 1 to 31 of 31 entries

Some interesting observations:

  • The average proposed % increase in density is 157%. (Average existing density is 2.00 FSR compared to the average proposed density of 4.42 FSR)
  • The top 7 proposed increases in density are single family assemblies along the Cambie Corridor.
  • Outside the Cambie Corridor, the average % increase is relatively modest, only 98%.
  • Of the 31 rezoning apps:
    • 21 are on the Westside of Vancouver, 10 in East Vancouver
    • 14 contain some form of rental housing.
    • 19 will likely require some form of Community Amenity Contribution*
    • 13 propose mid-rise or highrise forms (only 6 outside Downtown)
August 28, 2013by david.taylor@colliers.com
Development

Regent International Proposing 70 Units at King Edward & Cambie

Regent International has applied to the City of Vancouver to rezone 563-571 West King Edward Avenue from RS-5 to CD-1. Regent had acquired the assembly of single family lots earlier in 2013563-571 King Edward. The property falls within the Cambie Corridor Plan.

 

The proposal is for a six-storey building and four townhouses, with:

    • a total of 70 condo units;
    • a floor area of 52,142 SF
    • a density of 2.43 FSR
    • a building height 70 ft
    • 44 underground parking spaces, including two car share spaces.

More information here.

August 27, 2013by david.taylor@colliers.com
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