Shato Holdings has acquired Willowbrook Park Shopping Centre in Langley from Valley Properties in a $136,975,000 deal that closed in January 2025.

The property was listed and sold by Stu Morrison and Randy Heed of Colliers.

The centre comprises 193,785 SF situated on three properties totaling 20.15 acres and is adjacent to the Willowbrook Shopping Centre (commonly referred to as Willowbrook Mall), the area’s regional shopping centre of over 640,000 SF. The property is anchored by Safeway and is 90% leased to national retailers.

The projected 2025 NOI for the property is $5.5 Million, equating to a 4.0% going-in cap rate.

Vittori Developments has submitted an application for a new 10-storey rental building on an assembly of two single family lots on West 27th Avenue, just East of Cambie Street. The combined lot size is 15,000 SF.

The lots are currently designated within the Cambie Corridor Plan for townhouses, but is located within Tier 2 – 400 meters of the King Edward Skytrain Station. Under the TOA rezoning policy, the site is allowed up to 12-storeys, 4.0 FSR.

The proposal for the site contemplates a 10-storey concrete rental apartment building that includes:

• 63 rental units (20% below market);
  • 27 one-bedroos, 18 two-bedrooms and 18 three-bedrooms;
• a total density of 4.0 FSR;
• a building height of 113 ft.
• 66 underground parking spaces on two levels.

The architect for the project is Raffaele Architecture Inc.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/466-476-w-27-ave

The latest Broadway Plan tower application is for a land assembly at the Southeast corner of West 1st and Arbutus in the Kits neighbourhood.

The site is 18,000 SF (150′ x 120′) and is owned by TKT Holdings Ltd.

The proposal is to allow for the development of a 20-storey rental building and includes:

• 176 units with 20% of the floor area for below-market units;
• 2,000 SF of retail space;
• a total density of 6.80 FSR; and
• A building height of 214 ft. with additional height for rooftop amenity space.

This application is being considered under the Broadway Plan.

The architect for the project is Studio One Architecture.

The City of Vancouver, through the Vancouver Housing Development Office (VHDO) applied to rezone the block at the corner of Pacific & Hornby for a new highrise rental development.

The site is several parcels, including the former Kettle of Fish restaurant, and combines to form a total of 68,300 SF of land area.

The proposal is to allow for the development of 38-storey and 52-storey rental towers and includes:

• 1,136 market rental units;
• 11,000 SF of retail space;
• a total density of 12.11 FSR;
• Maximum building height of 534 ft.

This application is being considered under the Rental Housing on City-Owned Land – Public Benefits Pilot Rezoning Policy.

The architect for the project is Diamond Schmitt Architects.

The full application can be viewed here: https://www.shapeyourcity.ca/1402-1460-burrard-st

Third Space Properties has submitted a development application for a site at 10th & Discovery in the Point Grey Village area of Vancouver. The plan for the site includes a new 6-storey rental building with:

• 69 market rental units;
• 6,200 SF of retail space;
• a density of 3.50 FSR;
• a building height of 72 ft.;
• Two levels of underground parking with access off the lane.

Under the site’s existing C-2 zoning, the application is conditional so it may be permitted. However, it requires the decision of the Director of Planning.

From a media release: “Residents will have access to shared indoor and outdoor amenities, including a versatile lounge and coworking area designed to provide space for gathering, studying, and working. The building design seeks to fit into the existing village scale, while serving as a gateway to Point Grey Village. Streetscapes along both 10th Avenue and Discovery Street have been carefully planned, featuring active retail and residential frontages, alongside generous setbacks to encourage comfortable movement, adding to the vibrancy of one of Vancouver’s oldest village centres, Point Grey.”

Teh architect for the project is Integra Architecture.