Bogner Development Group is proposing to rezone a former Church site on West Boulevard (2095 West 43rd Avenue) from RM-3A to CD-1 to allow a 6-storey rental apartment building under the Rental 100 program that includes:
Read more: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/2095w43rd/index.htm
The owners of the former Blockbuster Video property at 3195 Oak Street are proposing to rezone it from C-2 to CD-1 District. The proposal is to rezone the property under the Rental 100 program for a 6-storey mixed-use building that includes:
More information here: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/3195oak/index.htm
A portfolio of five apartment buildings that was offered for sale in 2013 has sold to a private investor from China, now based in Vancouver. The 5-building, 193 unit portfolio of buildings in the West End and North Vancouver sold at a blended average cap rate of approx. 3.75%.
The largest and most prominent building among the five assets, is Pacific Beach Apartments, a 56-unit concrete highrise located at Jervis and Beach Avenue. The building sold for $15,200,000, representing $272,000 per unit.
A recent survey of assessed values gives a glimpse at how the BC Assessment Authority is looking at commercial properties in Metro Vancouver in 2014.
Below is a random survey of various asset types in nine separate areas. The annual change in assessed values was derived from a random sample of five properties in each category. While this is by no means a scientific survey, it does show some variation that is interesting.
A development permit application has been submitted for 179 Main Street, located directly North of the Fire Station at Main and Powell. The zoning for the site is DEOD and the plan is for a 9-storey residential building including the following:
More information: http://former.vancouver.ca/devapps/179main/index.htm