Bonnis Properties has submitted their formal application for 526 Granville Street, a 6,000 SF DD zoned site located on the East side of Granville between West Pender and West Hastings.
The site is currently improved with a 3-storey heritage commercial building.
The proposal for the site is a 24-storey office building that includes:
123,193 SF of office space;
2,573 SF of retail space at grade;
A total density of 20.98 FSR;
A building height of 335 ft.;
retention of existing heritage facade;
Payment -in-lieu parking spaces and 95 bicycle parking spaces.
A redevelopment plan for the Telus Boot site includes 4 high-rise residential towers above mixed use podiums, with retention of the iconic building and significant densification of the site.
The preliminary rezoning application was submitted this week by PC Urban for a major redevelopment of 3777-3791 Kingsway, the 6.6 acre site which is home to the iconic “Telus Boot” building. The building, also known as Brian Canfield Centre, is located at Kingsway and Boundary Road in the Metrotown area of Burnaby.
Existing site aerial
The existing building is a 22-storey, 690,000 SF L-shaped office building built in 1976 as the headquarters for BC Tel (now Telus), although it no longer functions as the company’s head office. A large portion of the overall site is improved with surface parking ripe for development.
Under the Metrotown Downtown Plan, the site is now designated for high-density mixed-use development.
Existing site aerial view
The preliminary plan outlined in a report going to city council next week describes the following concept:
a high-density mixed-use infill development including new office, residential and retail space;
retention of the 21- storey “Telus Boot” building;
removing other existing structures on site;
four high-rise towers atop mixed-use podiums with activated street frontages along Boundary Road & Kingsway;
improved site circulation and underground parking;
open space amenities.
Further details including concept massing, renderings and an architect will be revealed in a future report as the application progresses.
A 50% interest in the property was last sold to a fund managed by Crestpoint Real Estate in 2014 for $86,500,000. H&R REIT had previously acquired the entire property for $150,000,000 in 2006.
A revised rezoning application has been submitted for Oakridge Vancouver, the 28-acre mall site that is currently under construction.
The full rezoning of the site took several years to complete, with full approval granted in 2018. The first phase is now under construction.
The new proposal seeks to increase building heights for the remaining phases above those approved in 2018, with up to 9 additional storeys per building. The proposed changes also include changing building form such as tower floor plate size; converting some condo density to rental; and adding new office space.
The majority of the site that is affected by the proposed rezoning is outside of the scope of the first phase of construction, which is projected to take four years to complete.
Overall details include:
775 new housing units, including 319 additional market rental units and 94 moderate income rental units;
377,260 sq. ft. of new office space;
Increase in overall density from 3.71 to 4.10 FSR;
Increase maximum heights for Buildings 2, 5, 6, 7, 9, 10, 11, 12, 13, 14 and the northeast office building;
No changes to buildings 1, 3, 4 & 8 (First two approved phases).
One of the more significant changes is to Building 5, previously a 43-storey condo building, which will now be converted entirely to market rental housing with 52-storeys and 587 units. The tower will be 477 ft. in height making it the tallest all rental tower in Vancouver.
A full summary of the proposed changes is outlined in the application (summarized below):
A development application has been submitted for the full city block site at the Southwest corner of East 1st Avenue and Clark Drive in East Vancouver.
The proposed project is a speculative mixed use industrial and office project preliminarily called “1st & Clark”. The 5-storey building will be a horseshoe shape and include units for smaller downtown wholesale and light industrial users.
Details of the project include:
wholesale uses on the main to second floor;
general offices on the third to fifth floors;
197,948 SF of gross floor area;
a total density of 3.0 FSR;
a building height of 72 ft.; and
220 underground parking spaces on one underground level.
Under the site’s existing I-2 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.
The main change to the proposal is a shift away from primarily condos, to primarily market rental units. The revision shows a decrease in the number of condos from 520 to 236, and an increase in the number of rental units, from 160 to 452 units. Details of the updated plan include:
452 secured rental units;
236 strata residential units;
Revised tower heights from 24, 27, & 30-storeys to 25, 29, & 30 storeys;
63,000 SF of retail including 50,000 SF Safeway store;
48,000 SF of office space;
Public plaza running parallel to the SkyTrain station;
486 vehicle parking spaces and 1360 bicycle parking spaces.
First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while
