Westbank, in conjunction with Crombie REIT and Canada Safeway, have applied to redevelop one of the largest land parcels on Davie Street in the West End of Downtown Vancouver. The 47,464 SF site is currently home to a single-storey grocery store. The application proposes a redevelopment of the site with a mixed-use building consisting of:

• a 3 storey podium with three retail units on the lower & upper ground level;
• a retail grocery store on the upper ground & mezzanine level;
• two residential towers (21 & 22 storeys)
• a total of 319 market rental units;
• 3 levels common underground parking, accessed off Davie St and the rear lane;
• a total density of 6.43 FSR

Under the site’s existing C5-A zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Development Permit Board. The architect for the project is Henriquez Partners.

Construction is now well underway on Aquilini Group‘s second rental tower at Rogers Arena. The south tower will be 31-storeys with 5-levels of underground parking. It will include “over 250 residential rental units in addition to fitness and multipurpose facilities.

A rendering of the tower can be seen at Francl Architecture’s site.

Courtesy mcminsen http://po.st/myTf07 via @imageshack

Courtesy mcminsen http://po.st/TVX5V6 via @imageshack

2280 West 6th Avenue, a 43-unit walkup apartment building in Kitsilano has sold to a local investor for $13,800,000, equating to a 2.7% cap rate and $321,000 per unit. The RM-4 zoned property sits on a 21,000 SF lot with 175 feet of frontage on West 6th. The asking price was $15,300,000.