Gracorp has submitted a rezoning application for a 3-lot land assembly in the Oakridge Municipal Centre area. The 19,091 SF site at 427-449 West 39th Avenue is in the Cambie Corridor Phase 3 Plan for high density residential.
The proposal is to allow for the development of an 18-storey residential building that includes:
Pinnacle International is seeking City of Burnaby Council approval to allow a density transfer to facilitate the development of both their Austin-Gatineau Place property, and a nearby site also owned by Pinnacle, called Carrigan Court.
The 6.2 acre Austin-Gatineau site is located in the Lougheed Town Centre Plan area. It was acquired by Pinnacle from Shape Properties in 2018.
Following the initial proposal, a number of issues were identified relating to both the ability to accommodate the site’s allocated density and density associated with the Rental Use Zoning policy which came into place in 2020. It was determined that the site could not accommodate the non-market rental density. Also, the British Columbia Transportation and Finance Authority (BCTFA) would not permit any encumbrances over adjacent Provincial-owned land, which had a significant impact on the siting of one of the Austin-Gatineau Site’s towers identified in the Master Plan.
In 2021, the City of Burnaby a Density Transfer Policy allowing density transfers to accommodate non-market rental housing on concurrent rezonings for nearby sites.
As Pinnacle is the owner of a nearby 3.40 acre property at 3846 Carrigan Court, an existing 141-unit rental apartment property that they are now proposing to transfer the inclusionary rental from the Austin-Gatineau site to a redeveloped Carrigan Court.
The revised proposals for both sites are as follows:
Austin-Gatineau Site
Four condo towers of 80, 76, 73 & 50-storeys in height, each atop commercial podiums;
Three phases;
2,474 condo units;
a total floor area of of 2.3 Million SF;
a total density of 11.82 FAR.
Carrigan Court
Three residential towers of 33-storeys, 25-storeys & 23-storeys;
Two phases;
900 total residential units;
546 rental units including:
141 replacement rental units;
405 inclusionary units transferred from the Austin-Gatineau site;
a total floor area of 734,810 SF;
a total density of 4.95 FAR.
A previous version of the proposal that envisioned 3-towers.
Millenium Development has submitted a rezoning application for a high-density residential project near Holdom Station at Douglas Road and Springer Street in the Eastern portion of the Brentwood Town Centre area of Burnaby.
The 36,414 SF site falls within Neighbourhood G of the Brentwood Town Centre Plan, allowing a rezoning of the site based upon RM5-s, RM5-r and C1 zoning, allowing a maximum potential density of 9.30 FAR.
The existing site is improved with five older commercial/industrial buildings.
The proposal is to allow for the development two residential towers of 54-storeys and 50-storeys in height over ten levels of underground parking. The new proposal includes:
506 secured market rental units and 130 below market units (East tower);
365 market strata-titled units and 99 social housing units (West tower);
retail space at grade in both towers
37 space childcare facility on level eight of West tower
An overall density of 21.87 FSR;
A building height of 572 ft. (East tower) and 567 ft. (West tower)
832 vehicle parking spaces and 2,256 bicycle parking spaces.
Onni has applied to rezone the final phase of their 21 acre Evelyn project in West Vancouver. ‘Lot 8’ totals 3 acres of vacant land at Taylor Way and Evelyn Drive.
Most of the overall project has now been completed. The remaining six single family dwellings on Lot 10 and the four townhouses on Lot 6 (attached to Lot 7) are now under construction.
Lot 8 is the largest development parcel at Evelyn. The proposed rezoning for the site contemplates a terraced building similar to the ‘Forest Edge’ buildings in Lots 5 & 7.
The proposal seeks to add 109 additional rental units to the site. The current zoning for Lot 8 allows for a residential apartment building containing up to 119 units, of which a minimum of 30 of those must be for rental housing. The proposal is to increase the number of secured rental units from 30 to 139 (17 affordable units plus 122 market rental). There is no increase to the number of condo units (stays at 89). The total proposed number of units for Lot 8 would increase 119 to 228 and the overall unit count at Evelyn by Onni would increase from 350 to 459.
Details for the Lot 8 rezoning include:
228 total units
89 condos (including 10 townhouses)
122 market rental units
17 below-market rental units
a total density of 1.85 FSR;
building heights from 5 to 8-storeys with site slope;
public realm additions including a pedestrian path at the south end of the site to complete the east-west connection to Taylor Way, and new landscaping
indoor and outdoor resident amenity areas
294 underground parking spaces.
There is no CAC applicable given the addition of rental and below market rental units.
First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while
