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.