A development application has been submitted for an industrial-zoned property in the Strathcona area of East Vancouver. The plan for the 11,616 SF, I-2 zoned site at 1157 Parker Street is to develop a new four-storey, mixed-use building, consisting of:

• Manufacturing uses on the first, second, and third floors (23,198 SF)
• General Office uses on the third and fourth floors (11,650 SF)
• Total building area of 34,848 SF
• total density of 3.00 FSR
• two levels of underground parking

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 architect for the project is Yamamoto Architecture.

The site was listed and sold by Matt Smith and Steve Fame of Colliers.

Champion Development Group Inc. has applied to the City of Vancouver for permission to develop a 18,128 SF site at 151 West 5th Avenue, on the NOrth side of West 5th between Columbia and Manitoba Streets. The plan is for  a new 4-storey mixed use building consisting of:

• Manufacturing uses on the ground floor and mezzanines;
• General Office uses on the 2nd through 4th floors;
• 95 parking spaces in an underground parkade; and
• total density of 3.00 FSR (54,291 sq. ft.).

Under the site’s existing I-1 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The application describes the design concept:

The architect for the project is DYS Architecture.

I am pleased to announce the sale of 1290 Homer Street, a heritage style office building located at the corner of Homer and Drake Streets in the Yaletown area of Downtown Vancouver. The building sits on a 50.5 x 120 ft site and is an excellent candidate for repositioning and/or redevelopment.

The property sold for $9,750,000.

Please contact me at david.taylor@colliers.com for details.