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:

• 145 market rental units;
  • 57 studios, 35 one-bedrooms & 53 two-bedrooms;
• 15th floor amenity space;
• A total new density of 1.88 FSR (total density of 3.63 FSR)
• A building height of 130 ft.;
• 58 underground vehicle parking spaces and 278 bicycle parking spaces

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.

The property was sold in 2020 for $70,000,000 by Colliers.

Hudson Pacific Properties has submitted their formal rezoning application to the City of Vancouver for permission to develop a new office tower at the Bentall Centre, a plan that was first announced earlier this year.

The project, with an address of 1025 Dunsmuir, would see a new hybrid mass timber 16-storey office tower above a one-storey podium constructed in between Bentall 3 and Bentall 4, on the Northwest corner of the site. Details include:

• A total floor area of 461,619 sq. ft.
• Office floorplates ranging from 27,700 to 30,425 SF;
• A building height of 260 ft.;
• Two levels of underground parking with 173 vehicle parking spaces & 273 bike parking spaces.

Under the site’s existing DD zoning(External link), 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 KPF.