The MEC Building at 1077 Great Northern Way in the False Creek Flats area has sold to a partnership between Low Tide Properties and PCI Group for $103,000,000, or $916 per sq ft.

The site allows for a future expansion of the current office building by approximately 60,000 sq ft. on the Northern part of the almost 2-acre site.

The 112,400 SF office building was built in 2014 by Mountain Equipment Co-op and was subsequently sold, most recently in 2018 to Crestpoint for $75,000,000.

Since early 2020, MEC had been attempting to sublease most of the building.

Cressey has submitted a development permit amendment application for the site at 2992 Glen Drive, in the Coquitlam City Centre area.

The site was originally approved for a 9-storey office building in 2011, as part of the rezoning for this site and the neighbouring residential sites (M1, M2 & M3). The office tower is the fourth and final phase.

The site is designated City Centre Commercial and zoned C-7 High Density
Commercial. There is a vacant residential sale centre and a surface parking lot on site.

The original plan from 2011 included a 9-storey office tower with 53,000 SF. The new revised proposal is for a 14-storey strata office tower that includes:

• 78,000 SF of gross commercial space;
• 64 strata office units;
• 3 strata retail units;
• 145 below & above-ground parking spaces;
• a 6,600 SF outdoor amenity space on the roof and podium deck;
• a building height of 211 ft.

The architect for the project is RHA Architects.

PCI Group, in partnership with HOOPP, have completed their acquisition of the Alsco site, a 1.66 acre redevelopment property in the Mount Pleasant area of Vancouver.

The site, located at 5 West 4th Avenue between Ontario and Manitoba Streets is L-shaped and is zoned I-1. The I-1 zoning permits a density of 3.0 FSR, or just over 205,000 SF.

PCI Group has submitted a rezoning application for 495 West 41st Avenue at the Northeast corner of Cambie and West 41st Avenue.

PCI acquired the vacant former gas station site from Coromandel properties last year for $40 Million.

The proposal is to allow for the development of a 14-storey mixed-use building with a rooftop amenity space. The proposal includes:

• 112 market rental units;
• 60 one-bedrooms, 50 two-bedrooms & 2 three-bedroom units;
• 12,625 SF of office space;
• 7,065 SF TD Bank;
• A total density of 6.59 FSR;
• A building height of 150 ft.;
• 64 vehicle parking spaces and 202 bicycle parking spaces

The application is being considered under the Cambie Corridor Plan.

The architect for the project is Perkins & Will.

Westland Homes’ proposal for a 52,532 SF Metrotown land assembly at 6450-6508 Telford Avenue will head to public hearing next week.

The subject site is within the Maywood neighbourhood of the Metrotown Downtown Plan area and is comprised of four properties: two strata buildings, a rental building and a vacant lot.

The Metrotown Downtown Plan designates the subject site for high-density multiple family residential development under the RM5s Multiple Family Residential District as a guideline.

The site will be subdivided into two legal parcels. The proposal on the northern parcel is for a 51-storey high rise building comprised of 44 levels of market strata residential uses atop a commercial podium with 6 levels of offices and one level of street fronting retail. The southern parcel is proposed to be developed with a 22-storey market and non-market rental apartment building.

Details include:

• 575 total residential units;
• 408 condos;
• 167 rental units;
• 68,409 SF of office and retail space;
• a total density of 9.13 FAR;
• building heights of 575 ft and 222 ft.;
• 1,170 parking stalls.

The architect for the project is Chris Dikeakos.