Vertex Developments in partnership with Fastmark Development has submitted a rezoning application for a site at East 10th and Victoria Drive in East Vancouver.

The proposal is to allow for the development of a 26-storey rental tower, and includes:

• 250 units (10% of the floor area at below-market rates);
• a total density of 10.8 FSR;
• A building height of 266 ft.

This application is being considered under the Transit-Oriented Areas Rezoning Policy and the Grandview-Woodland Community Plan. The application notes that it exceeds the existing policies.

The architect for the project is dys Architecture.

The full application can be viewed here: https://www.shapeyourcity.ca/2611-victoria-dr

A rezoning application has been submitted to the City of North Vancouver for a site in the Lower Lonsdale area for a new market rental apartment building.

The site at 341-347 West 4th Street is located mid-block between Forbes and Mahon Avenue, West of Lonsdale. The plan for the 8,391 SF site is for a new 6-storey rental building, that includes:

• 69 rental units;
  • 25 studio units;
  • 20 one-bed units;
  • 24 three-bed units
• a total density of 2.60 FSR.

The architect for the project is Gradual Architecture.

A 23-unit walkup apartment building in the Mount Pleasant area of East Vancouver has sold. The 1968 era building had been listed for sale for $7,500,000 by Mark Goodman.

Details:

• Purchase Price: $7,550,000
• Price per Unit: $328,261
• Cap Rate: 4.0%
• Site Area: 12,064 SF

A 4-storey property at the Northeast corner of West 16th Avenue and Oak Street has sold.

3108 Oak Street is zoned C2-zoned but is also designated in the Broadway Plan for up to 18-storeys.

Property and sale details:

• Lot size: 15,116 SF
• Building size: 49,000 SF
• 9 commercial units
• 25 residential units
• Sale price: $12,700,000 ($259/sf building, $140/buildable SF @ 6.0 FSR)

The asking price for the property was $15,000,000. The building was listed and sold by Brett Aura of TRG Realty.

RBI Group has submitted a rezoning application to the City of Surrey for a 14,360 SF site on the south side of 97A Avenue, between 136A Street and 137 Street, in the Medical District of the City Centre Plan.

The site is designated Downtown in the Official Community Plan (OCP) and Employment in the City Centre Plan, and is zoned Neighbourhood Commercial Zone (C-5) and Urban Residential Zone (R3).

The proposal for the site is a 44-storey hotel and rental tower that includes:

• 266 hotel rooms;
• 180 rental units;
• a total density of 18.9 FAR;
• a building height of 479 ft.;
• 142 parking stalls.

The architect for the project is Group 161/DF Architecture.