Rize Alliance & Minto have acquired a 5-lot land assembly on Heather Street in the Oakridge area of Vancouver for $47,300,000.
The 42,260 SF site is located on the East side of Heather Street between West 37th and West 39th Avenues. There is no publicly available rezoning application at this stage but the Cambie Corridor Plan designates the Property for an 18-storey rental tower.
Ledingham McAllister has submitted their master plan application to the City of Coquitlam for “Stratford Wynd”, an 8.0 acre site in the City Centre area of Coquitlam. The site is currently occupied by a 113-unit rental townhouse development built in the early 1980’s.
The site is designated in the City Centre Area Plan as Medium Density Residential.
LedMac is proposing a medium density residential project with nine buildings in eight phases, including one highrise tower, and several midrise/lowrise buildings. Details include:
The architect for the project is IBI Group.
A 9,000 SF mid-block rental development site at 1247 Kingsway has sold for $5,500,000. The site had been listed for sale for $7,998,000 since July 2022.
The site received DP approval for a 32-unit, 7-storey rental building in May 2022. The site was rezoned under the City of Vancouver’s Rental 100 policy in 2021.
The $5,500,000 purchase price equates to $169/buildable SF. The site was originally acquired by the developer, Da Hua Investment Holdings, in 2017 for $5,000,000.