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Investment, Office

Richmond Office Building Sells in $25 Million Deal

8171 Cook Road, a 26,000 SF, 3-storey concrete office building in Richmond has sold for $25,000,000 to TPMG Capital.

The building is located at the northwest corner of Cook Road and Buswell Street and is designated as Urban Core T6 in the City of Richmond’s City Centre Area Plan.

August 8, 2019by david.taylor@colliers.com
Apartment, Development, Office, Retail

Previously Approved Rental 100 Project Revised Under Moderate Income Policy

A rezoning application has been submitted for a site in Mount Pleasant that was previously approved for rezoning under Rental 100.

445 Kingsway and 2935 St. George Street, currently the Destination Hyundai dealership, received rezoning approval from City of Vancouver council in 2016 for a 109-unit rental apartment project with a new Honda dealership at grade. The rezoning was never enacted, and a new application has surfaced in its place.

The new application is being made under the City’s Moderate Income Rental Housing Pilot Program, which allows proposals up to 14-storeys on arterials. The existing 46,576 SF site is zoned C-2.

The proposal calls for two 14-storey towers above a podium, and includes:

  • 215 rental units (with 20% of the residential floor area assigned to moderate income households);
  • 54 studios, 86 one-bedrooms, 54 two-bedrooms & 21 three-bedrooms;
  • 31,000 SF of retail and office space;
  • 96,000 SF commercial car wash and vehicle storage in the underground parkade;
  • a total density of 4.84 FSR (above grade);
  • a building height of 150 ft.; and
  • 224 underground parking stalls and 443 bike spaces (including underground vehicle storage).

The commercial car wash is intended to serve the nearby Kingsway Honda dealership and service centre located at the Stella mixed-use development at Kingsway and East 12th Avenue.

The application is being considered under the Moderate Income Rental Housing Pilot Program.

The architect for the project is Acton Ostry.

August 7, 2019by david.taylor@colliers.com
Development, Office, Retail

Lululemon HQ Proposal Includes Over 500,000 SF of Office Space

lululemon has submitted their formal rezoning application for their proposed new headquarters on Great Northern Way in the False Creek Flats. The company currently has four offices around the City, including the existing Cornwall Street building, and these will be consolidated. It is expected that the new building will accommodate about 4,000 people.

The plan for the new development at 1980 Foley Street was made public back in the Spring when the rezoning proposal was referenced in a City of Vancouver Policy Report.

The site is currently CD-1 (402) (Comprehensive Development) District as part of a 1999 rezoning of the Great Northern Way Campus lands. The current zoning only allows a building up to 120 feet, and so the rezoning is required to allow greater height and density. The site also falls under the False Creek Flats Plan area, which allows employment uses for the site.

The formal proposal is for a 13-storey office building (or “Store Support Centre”), to with ground-floor retail and cafe/restaurant use. The proposal includes:

  • 511,448 SF of office space;
  • 6,157 SF of retail space;
  • 4,358 SF of cafe/restaurant space;
  • a total density of 4.56 FSR;
  • 64,536 SF of amenity area;
  • A building height of 214.2 feet;
  • Landscaped terraces at levels 4, 7, and 13 offer outdoor social spaces
  • 840 parking stalls on five underground parking levels.

The application describes the design rationale: ” lululmeon’s love for design and attention to detail will be exemplified through a new, state-of-the-art destination facility in the community. The design of the building is organized around a central atrium space that will bring daylight and connectivity to the heart of the building. The building is established with a six-storey podium that reflects the scale of neighbouring properties and reinforces the streetscape. The upper levels are set back and creates an opportunity for landscape terraces that reflect Vancouver’s natural environment and China Creek Park. The building’s façade is carved into three main green spaces: a covered entry off Foley Street, a new public plaza along Great Northern Way, and a northwest corner enhanced with view of Downtown Vancouver and the North Shore Mountains. The public realm along Great Northern Way will be enhanced and activated with a new public plaza with opportunities for a café and outdoor seating, and lush planting along the eastern edge to reflect the legacy of China Creek. ”

This application is being considered under the False Creek Flats Plan.

The architect for the project is Morphosis Architects, in partnership with Francl Architecture.

August 7, 2019by david.taylor@colliers.com
Condo, Development, Office, Retail

13-Storey Building Proposed for Former Kingsway Rona Site

Cressey has applied to the City of Vancouver for permission to develop the former Rona site at the Northeast corner of Kingsway and Dumfries Street in East Vancouver, just East of Knight Street. 1503 Kingsway is a 67,023 SF site that is zoned C-2, which allows a mix of residential and commercial uses.

The proposal is to replace the aging commercial building with a 13-storey mixed use building on top of a 6-storey podium. A previous design sought 16-storeys for the site.

Details of the current application include:

    • 154 condo units, including;
      • 38 townhouses facing Fleming St. and Dumfries St.;
    • 23,247 SF of retail and office space;
    • a tower height of 167 ft. 
    • a total density of 2.50 FSR;
    • 2 levels of underground parking accessed from a lane connected to Fleming Street and Dumfries Street.

Under the site’s existing C-2 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Development Permit Board.

The architect for the project is Rositch Hemphill Architects.

The site was sold by Colliers in 2013 for $21,000,000, or $125 per buildable SF based on the application.

June 26, 2019by david.taylor@colliers.com
Apartment, Condo, Development, Office, Retail

Two Tower Project Proposed for Cambie & 41st Site

Polygon has submitted their application to rezone the 34,000 SF Oakridge Plaza site that they own at the Southeast corner of Cambie & West 41st Avenue, across from Oakridge.

5740 Cambie Street is currently zoned C-2 and is improved with two office buildings leased to mostly medical tenants.

The rezoning proposal consists of a mixed-use development with a 14-storey market rental tower and a 27-storey market strata tower and includes:

  • 80 market rental units;
    • 10 studios, 31 one-bedrooms, 39 two-bedrooms;
  • 133 condo units;
    • 14 one-bedrooms, 104 two-bedrooms, 14 three-bedrooms & one penthouse;
  • 12,500 SF of retail space;
  • 20,800 SF of market office space;
  • 46,000 SF of non-profit office space;
  • a total density of 8.61 FSR;
  • tower heights of 278 ft., and 148 ft.;
  • 288 underground parking spaces and 559 bicycle spaces.

The application is being considered under the Cambie Corridor Plan.

The architect for the project is Dialog.

The full rezoning application can be viewed here: https://rezoning.vancouver.ca/applications/5740cambiest/index.htm

June 24, 2019by david.taylor@colliers.com
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vancouvermrkt
vancouvermrkt Vancouver Market @vancouvermrkt ·
22 Feb

SOLD: East Vancouver Retail & Apartment Building
https://vancouvermarket.ca/2026/02/22/sold-east-vancouver-retail-apartment-building/

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northshorenews North Shore News @northshorenews ·
17 Feb

12-unit Gleneagles townhouse project proposed in West Vancouver

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vancouvermrkt Vancouver Market @vancouvermrkt ·
31 Jan

A new proposal has surfaced for the parking lot next to Waterfront Station.

The redesigned project includes a 26-storey, 416,000 SF office tower, shaped like a tree, cantilevered over the existing station building.

Architect: James Cheng

Details: https://bit.ly/46aUB0W

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vancouvermrkt Vancouver Market @vancouvermrkt ·
23 Jan

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