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Development

Owner of 1821 Marine Drive Seeks Density Increase Before Sale

Owner seeks density increase before sale.

A bid to increase the density at a Marine Drive property currently occupied by a florist was met with resistance from neighbours at a West Vancouver council meeting last week.

If council OKs the added density, the building’s floor area ratio would rise from 1.75 to 2, making the property more attractive to potential buyers. Floor area ratio measures the total floor space of a building against the size of its lot.

The future of the property, located at 1821 Marine Drive, may be too murky to make a decision, according to Coun. Bill Soprovich.

West Van Florist Site

West Van Florist Site

Read more: http://www.nsnews.com/business/Owner+seeks+density+increase+before+sale/8088661/story.html#ixzz2Ncb05tiw
March 15, 2013by david.taylor@colliers.com
Development

Market Spotlight: 633 Main Street

Having been approved at a public hearing earlier this week, Blue Sky Properties’ 633 Main Street project is being closely monitored by many in the industry as a potential catalyst for the revitalization of Chinatown, along with a similar project by Westbank at 611 Main Street, and future projects to come, including a large site on Keefer Street that is currently on the market.
Model
Model
Rendering

Rendering
Rendering

633 Main Street will be a 16-storey building at the Northwest corner of Main and E Georgia Street. Retail uses are located at grade, with the intention of providing small-scale retail along Main Street and Georgia Street in keeping with the type of retail prevalent in Chinatown. The retail space provided on Georgia Street adjacent to the rear lane is expected to animate the rear of the property across from the plaza space on the Chinatown Parkade site. The remainder of the building is residential uses. A total of 188 condo units are proposed. The total density as approved is 8.82 FSR. A CAC was offered as part of the rezoning in the amount of $1,237,725 as a cash payment.

Photos courtesy: Built Form @ SSP
March 15, 2013by david.taylor@colliers.com
Development

White Rock Council Approves Controversial Waterfront Development

White Rock council approves controversial waterfront development.

white rock mufflers_Feb 2013With cries of “shame” echoing throughout the council chamber, White Rock city council voted Monday to give final approval to a controversial development at the former site of the White Rock Mufflers shop.

Located at the corner of Marine Drive and Oxford Street, the development will see a total of 60 residential units built, as well as 116 parking spaces, and some commercial-use units spread among three buildings.

The decision was made after much back and forth between council members, during which some argued there were too many unknowns to move forward.

Read more: http://www.thenownewspaper.com/news/White+Rock+council+approves+controversial+waterfront+development/8085670/story.html#ixzz2NWgH1i3w
March 14, 2013by david.taylor@colliers.com
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