A development application has been submitted for the Telus utility property at the Southwest corner of West 41st Ave and Maple Street in Kerrisdale.
The application for 2008 West 41st Ave envisions the construction of a new 6-storey rental residential building on this site, along with a new one-storey utility building on the 27,000 SF, C-2 zoned property.
Details include:
- 118 market rental units;
- 11,500 SF of ground floor retail space;
- a total density of 3.70 FSR;
- a building height of 79 ft.
- Two levels of underground parking with vehicular access off the lane.
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.
The application can be viewed here: https://www.shapeyourcity.ca/2008-w-41-ave
A 2-storey retail and apartment building at 6964 Victoria Drive has sold for $3,050,000. The 5,710 SF building includes a dentist office on the ground floor and two residential units above.
Deal metrics:
- Cap Rate: 4.75%
- Price/SF: $595
The asking price for the property was $3,395,000.
Property brochure: https://macdonaldcommercial.com/docs/listings/6964-victoria-drive/Victoria-6964-Vancouver.pdf
The listing agent for the property was Jake Luft of Macdonald Commercial.
A rezoning application has been submitted by Bonnis Properties for a 30, 300 SF site that they own in the 600 block of Kingsway at East 16th Avenue, just West of Fraser Street.
The proposal is to allow for the development of two rental towers with a combined 327 units: a 14-storeys (North Tower) and a 25-storeys (South Tower). Additional details include:
- 120 market rental units (North Tower) and 207 market rental units (South Tower) with 20% of the total residential floor area for below-market units;
- 18,000 SF of retail space;
- a private 20-space childcare facility;
- a total density of 8.50 FSR;
- A building height of 167 ft. for the North Tower, and 276 ft. for the South Tower.
This application is being considered under the Broadway Plan.
The architect for the project is Perkins&Will.
The full application can be viewed here: https://rezoning.vancouver.ca/applications/602-644-kingsway-and-603-617-e-16th-ave/application-booklet-1.pdf
Ledcor has applied on behalf of Telus for the rezoning and redevelopment of an existing Telus owned property at 6486 Chester Street in East Vancouver. The site is an existing infrastructure site for Telus, one of several proposed for residential redevelopment.
The proposal is to allow for the development of a 6-storey rental project that includes:
- 116 rental units;
- a telecommunications facility on the northeast corner of the site;
- a total density of 2.89 FSR;
- A building height of 73 ft.
This application is being considered under the Secured Rental Policy.
The architect for the project is Yamamoto Architecture.
The full rezoning application can be viewed here: https://www.shapeyourcity.ca/6486-chester-st