The Jim Pattison Group has acquired a 22,500 SF site at the Southeast corner of West Broadway and Balaclava Street in Kitsilano for $30,750,000. The site is zoned C-2C which allows a maximum density of 3.0 FSR; based on the existing zoning this price equates to $456 per buildable SF. There is no news yet on redevelopment plans.
A rezoning application has been submitted for a property at Templeton and Oxford in East Vancouver.
The proposal is to allow for the development of a 6-storey market rental building. The zoning would change from RM-3A (Residential) District to CD-1 (Comprehensive Development) District. The proposal includes:
The application is being considered under the Grandview-Woodland Community Plan.
The architect for the project is Stuart Howard.
I am pleased to announce the sale of a eight lot, 63,050 sq. ft. townhouse development site at the corner of Oak Street and West 37th Avenue.
Our team worked with the assembly group of eight owners to secure a successful sale deal. The buyers, a partnership of Citimark and Grosvenor, will be unveiling their concept for a proposed townhouse development in the coming months.
I’m pleased to announce the sale of 7000 Lougheed Highway, Burnaby. This 14-acre site adjacent Sperling-Burnaby Lake Skytrain station represents one of the largest master plan residential development sites to transact in Metro Vancouver in recent years.
A large-scale transaction of this nature poses complexities and challenges, particularly when planning policy is not yet fully defined. We were able to leverage our skills and expertise to navigate the sale process and deliver for our client.
Congratulations to the buyer, Create Properties; it was a pleasure working with your team and we look forward to seeing this landmark project in the Bainbridge community come to life.
Please contact me for further details.
A rezoning application has been submitted by Larco for a new infill apartment building next to an existing building they own at 5455 Balsam Street, known as Fontainebleu Apartments, at the Northwest corner of Balsam and West 39th Avenue in Kerrisdale.
The proposal is to allow for the addition of a 15-storey infill residential building on the 57,599 SF site, while retaining the existing 14-storey, 88-unit building.
The proposal for the infill component includes:
The application is being considered under the Secured Rental Policy.
The building massing and setbacks are based on the RM-3 zoning.
The architect for the project is Rositch Hemphill Architects.