1424 West Broadway, more commonly known as the Joeys Broadway, has sold for $19,800,000 to the Value Group. The 15,265 SF C-3A zoned site was previously sold in 2014 for $14,300,000. Joeys lease expires in 2019, though there is no word on redevelopment plans for the property.

The property had been listed for sale by Colliers in late 2015, and received multiple offers. The adjacent property at 1448 West Broadway was also listed for sale.

The Vancouver Masonic Centre has submitted a rezoning application for their property at 1495 W 8th Avenue (between Granville Street and Hemlock Street). The plan the 23,983 SF site is to rezone from the current C-3A to a CD zone to permit a new four-storey building on West 7th Ave., connected to an 18-storey secured rental residential building on 8th Ave. The proposal includes:

• 159 rental apartment units (mix of non-market and market units);
• A neighbourhood restaurant on West 7th Ave.;
• A height of 174 ft;
• A total density of 5.96 FSR.

Here is a construction update on an interesting infill project in Chinatown that was approved under the Rental 100 program in 2013. 245 East Georgia St. is a 9-storey apartment being built on a 25-foot lot. As described on Gair Williamson Architect’s website:

“The design is for 40 studio apartments ranging in size from 320 to 360 square feet and a commercial unit at the ground level. All units have floor to ceiling glazing with either juliet windows or a balcony, there is also a communal roof deck providing opportunities for urban agriculture.”

There will also be retail on the ground floor.

Photo courtesy mcminsen http://po.st/GUBcQ6 via @imageshack

Photo courtesy mcminsen http://po.st/etb2h9 via @imageshack

Photo courtesy mcminsen http://po.st/etb2h9 via @imageshack

http://www.gwarchitects.ca/245-east-georgia-street/q9o9orelcnkzsotggn08ksgz4aniul

The site was sold by Colliers in 2012 for $1,150,000.

A development application has been filed for a 49.5′ x 122′ RM-4 zoned site at 944 East 8th Avenue, between St. Catherines and Windsor Streets near Vancouver Community College. Details of the proposal include:

• 4-storey woodframe apartment
• 15 market rental apartment units
• a total density of 1.45 FSR (8,749.3 SF)
• elevator
• a building height of 39.9 ft
• 2 car-share parking spaces

The existing property is a 3-storey walkup apartment with 6 units that sold to the current owner for $1,250,000.

The developer is seeking relaxations on height and parking in order to build rental units.

Here is a construction update on the second phase of Appia’s Solo District project in the Brentwood Area of Burnaby.

The first phase of the project included a tower branded ‘Stratus’, a 367-unit 45-storey tower which has just recently completed and which is substantially sold out. Burnaby’s first Whole Foods is an anchor of the retail component of the project.

The second phase of the project is ‘Altus’, a 48-storey tower at the corner of Lougheed and Willingdon that includes 284 condo units above 250,000 SF of office space on 12 floors. Pre-sales launched in 2013 and this phase of the project is also nearing sell-out.

photo courtesy mcminsen http://po.st/RDvsVU via @imageshack

photo courtesy mcminsen http://po.st/avE0BU via @imageshack

photo courtesy mcminsen http://po.st/ut93EP via @imageshack