A 9,000 SF mid-block rental development site at 1247 Kingsway has sold for $5,500,000. The site had been listed for sale for $7,998,000 since July 2022.
The site received DP approval for a 32-unit, 7-storey rental building in May 2022. The site was rezoned under the City of Vancouver’s Rental 100 policy in 2021.
The $5,500,000 purchase price equates to $169/buildable SF. The site was originally acquired by the developer, Da Hua Investment Holdings, in 2017 for $5,000,000.
Intracorp has submitted a rezoning application for 3362-3384 Vanness Avenue and 3347 Clive Avenue in the Joyce-Collingwood area of East Vancouver.
The proposal is to allow for the development of two rental towers (30 and 33-storeys) above a 6-storey podium. The project includes:
The site is located in the Joyce-Collingwood Precinct Plan. The application requests consideration of height and density in excess of the existing policy.
The architect for the project is Boniface Oleksiuk Politano Architects.
Intracorp has submitted a rezoning application for a three lot land assembly at 1749-1765 East 33rd Ave, between Victoria & Knight Street in East Vancouver.
The 30,000 SF site is eligible under the Secured Rental Policy allowing for rezoning to RR-2B which allows up to 5-storeys and 100% market rental.
The proposal is to allow for the development of a 5-storey rental project that includes:
The application is being considered under the Secured Rental Policy.
The site was assembled between 2021 and 2022 for $12 Million, or $169/buildable SF.
The architect for the project is RWA Architecture.
Third Space has submitted a development application for the former gas station site at the Northeast corner of West 4th Avenue and Macdonald in Kits.
The 22,256 SF site is zoned C-2, which now allows 6-storey development for rental apartments.
The proposal includes:
Under the site’s existing C-2 zoning, the application is “conditional” so it may be permitted. However, it requires the decision of the Director of Planning.
The architect for the project is Yamamoto Architecture.
Reliance Properties and Quadreal have submitted their long-anticipated rezoning application for the former MEC site at 130 West Broadway. MEC moved into a new purpose built facility on West 2nd Avenue.
The site is owned by Quadreal and Reliance in a 50/50 partnership. Despite having acquired the site over five years ago and originally submitted a rezoning enquiry in 2017, the rezoning application was delayed as a result of the Broadway Plan process.
Located within the Broadway Shoulder Area (East) neighbourhood sub-area of the Broadway Plan, the project site encompasses a significant portion of the south side of the block between Columbia and Manitoba Streets, on West Broadway.
The rezoning proposal is to allow for a two-tower rental apartment complex that includes:
The application is being considered under the Broadway Plan.
The architects for the project are NMDA and Arcadis/IBI Group.
The full rezoning application can be viewed here: https://www.shapeyourcity.ca/130-w-broadway