TPMG Capital has acquired 2695 Granville Street, a 7-storey office building located at the Northwest corner of Granville and West 11th Avenue.

The 27,812 SF concrete office building was built in 1965 and sits on a 54 x 120′ C-3A zoned lot.

At the $28,600,000 price equates to $1,028 per SF of building area including ground floor retail.

The building had most recently been listed for sale for $29,900,000 following an initial asking price of $36,000,000 in early 2020.

A rezoning application has been submitted by Chard Development for a site at 750 SW Marine Drive, a block and a half West of Cambie Street. The I-2 zoned site is 18,100 SF in size and occupied by lowrise commercial buildings with tenants including Once a Tree Furniture.

The proposal is to allow for the development of an 8-storey building that includes office, light industrial and at-grade retail uses. The proposal includes:

• 6,100 SF of retail space at grade;
• 18,300 SF of light industrial space on levels 1 and 2;
• 65,000 SF of office space on levels 3 to 7;
• Amenity space on level 8;
• A total density of 4.94 FSR;
• A building height of 35 ft.;
• 99 vehicle parking spaces and 62 bicycle parking spaces.

The application is being considered under the Marpole Community Plan and the Employment Lands & Economy Review Phase 2 Report.

The architect for the project is Proscenium Architecture & Interiors Inc.

The City of Vancouver is proposing changes to the I-1 Zoning in Mt. Pleasant as part of a “quick start action” under a broader Employment Lands and Economy Review.

Allowing Medical Office Use in I-1

The first proposed change is to add ‘Health Care Office’ as a conditionally permitted use in the I-1 zone in response to a request from the development
industry who have identified Mount Pleasant as an attractive location for medical offices at the relative mid-point between VGH and the future new St. Paul’s Hospital. This amendment is mainly intended for Mount Pleasant, but also introduces this use to one block of I-1 at the southwest corner of 6th Avenue and Clark Drive.

New I-1C Zone Along South Side of West 2nd Avenue

The second and potentially more major proposed change is increased heights and densities along the South side of West 2nd Avenue via a new zone called I-1C. The new zoning would apply to 32 individual land parcels that would be consolidated into approximately 9 or 10 developments.

Details of the proposed new zone include:

• Allow double the density from 3 to 6 FSR (as long as a full 2 FSR is dedicated to light industrial uses such as production, distribution and repair);
• Maintain the same use provisions as the I-1 industrial zone, except that mini-storage and other low-intensity uses are not permitted;
• Allow a maximum height for up to 152.5 ft. to reflect the form and scale of SEFC across the street to the north and balance the 2nd Avenue streetscape;
• Limit shadowing on the north sidewalk of 2nd Avenue and secure a 5 ft. dedication along 2nd Avenue for public realm improvements including wider sidewalks;
• Introduce building setbacks above 4-storeys to ensure that new higher buildings are sculpted to relate to lower buildings;
• Permit a variety of new building forms, including terraced, tower and childcare forms.
• For developments proposing leasehold developments, the City will apply the commercial linkage target for non-stratified commercial development.
• For developments proposing strata, a negotiated CAC approach will be required to estimate the additional value that Council’s enactment of a rezoning would generate above the current land value.

The City estimates that the 32 individual parcels in the subject area could consolidate into approximately 9-10 rezoning projects in the proposed I-1C rezoning area.

As a result, redevelopment could help deliver
approximately:

• 1.07 million sq. ft. of new job space over the present condition;
• 685 thousand sq. ft. of job space above current zoned capacity;
• 3,500+ new jobs; and
• $7.2 million in public benefits (based on commercial linkage targets as described above) or more if developments are stratified.

The full City of Vancouver report can be viewed here: https://council.vancouver.ca/20201124/documents/rr1b.pdf

The City of Vancouver is considering new guidelines for height and density that would impact approximately 40 properties around Marine and Cambie in South Vancouver that have potential for social housing or commercial/industrial development.

The area has been the subject of guidelines under both the Marpole Community Plan and Cambie Corridor Plan; however, more recent decisions by Council have directed staff to review the area for new guidelines. These decisions include:

• In February 2020, Council directed staff to consider rezoning enquiries and applications for social housing sites around the Marine Drive Station area beyond the heights envisioned in the Marpole Community Plan to address Council’s affordable housing priorities (PDF).
• In October 2020, Council also supported intensification of job space in key areas, including Marine Landing, through the Employment Lands and Economy Review (ELER) (PDF). Intensive employment sites in Marine Landing that deliver 100% job space projects with a multi-storey light industrial space may be considered for greater heights and/or densities than identified in the Marpole Community Plan and Cambie Corridor Plan.

The new analysis of the areas planning guidelines will provide new direction for building heights, densities, public realm improvements, built form and urban design, public amenities and upgrades to utilities and public transportation.

A full FAQ page is located here for further background: https://shapeyourcity.ca/marine-landing-review/widgets/61466/faqs

It is expected that a report will go to Council in Spring 2021.

The full review page is located here: https://shapeyourcity.ca/marine-landing-review

The formal rezoning application has been submitted for the Heather Lands, a 21-acre site located just West of Cambie Street, between West 33rd and West 37th. The site is jointly owned by Canada Lands Company,  the Musqueam Indian Band, Squamish Nation and Tsleil-Waututh Nation (the “MST Nations”).

A comprehensive planning program was initiated for the site in 2016 and concluded in 2018, now the details are being revealed for submission to City Council in the rezoning application.

The proposal is for a master-planned redevelopment of the site, built in five phases, with buildings between 3 and 28 storeys, a childcare facility, a school, a park and public open space, office space, retail space, and a cultural centre. This proposal includes:

• approximately 1,672 condo units;
• approximately 400 rental units, including 100 moderate income rental units;
• approximately 540 social housing units;
• A maximum building height of 304 ft.;
• 62,287 SF of retail space;
• 62,994 SF of office space;
• A 22,549 SF Musqueam, Squamish, and Tsleil-Waututh (MST) Cultural Centre;
• A 74-space childcare facility;
• A new Conseil Scolaire Francophone (CSF) French elementary school (on leased land);
• 4 acres of park and open space.

The application describes the design rationale: “The proposed new Heather Lands neighbourhood reflects the shared aspiration of CLC-MST to transform the Heather Lands into an inspiring, progressive and sustainable new neighbourhood that generates the best possible economic and social benefit for MST Nations’ members, local communities, and the country. It also clearly reflects the vision laid out in the Heather Lands Policy Statement: “the vision for the new community is to create a sustainable new neighbourhood that will be a place to welcome and connect all people and cultures, and to share the traditions, culture and values of the Musqueam, Squamish and Tsleil-Waututh Nations.”

The application is being considered under the Heather Lands Policy Statement approved as part of the initial planning process.

The architect for the project is Dialog.