I am pleased to announce the sale of 4575 Main Street in Vancouver, a single tenant retail property with future development potential.

Our well-crafted marketing campaign launched in June 2020 was able to generate multiple offers and ultimately achieve a sale price over asking.

Please contact me to learn more about this sale.

The formal rezoning application has been submitted for the Heather Lands, a 21-acre site located just West of Cambie Street, between West 33rd and West 37th. The site is jointly owned by Canada Lands Company,  the Musqueam Indian Band, Squamish Nation and Tsleil-Waututh Nation (the “MST Nations”).

A comprehensive planning program was initiated for the site in 2016 and concluded in 2018, now the details are being revealed for submission to City Council in the rezoning application.

The proposal is for a master-planned redevelopment of the site, built in five phases, with buildings between 3 and 28 storeys, a childcare facility, a school, a park and public open space, office space, retail space, and a cultural centre. This proposal includes:

• approximately 1,672 condo units;
• approximately 400 rental units, including 100 moderate income rental units;
• approximately 540 social housing units;
• A maximum building height of 304 ft.;
• 62,287 SF of retail space;
• 62,994 SF of office space;
• A 22,549 SF Musqueam, Squamish, and Tsleil-Waututh (MST) Cultural Centre;
• A 74-space childcare facility;
• A new Conseil Scolaire Francophone (CSF) French elementary school (on leased land);
• 4 acres of park and open space.

The application describes the design rationale: “The proposed new Heather Lands neighbourhood reflects the shared aspiration of CLC-MST to transform the Heather Lands into an inspiring, progressive and sustainable new neighbourhood that generates the best possible economic and social benefit for MST Nations’ members, local communities, and the country. It also clearly reflects the vision laid out in the Heather Lands Policy Statement: “the vision for the new community is to create a sustainable new neighbourhood that will be a place to welcome and connect all people and cultures, and to share the traditions, culture and values of the Musqueam, Squamish and Tsleil-Waututh Nations.”

The application is being considered under the Heather Lands Policy Statement approved as part of the initial planning process.

The architect for the project is Dialog.

Skyllen Pacific has submitted a development application to the City of Vancouver for permission to develop a 30,000 SF site at 1116-1140 Pendrell Street, just West of Thurlow Street in the West End. The site is immediately West of the Central Presbyterian rental tower developed in 2018.

The site is an assembly of two lots zoned RM-5B, a 43-unit strata, and a 16-unit rental lowrise. Skyllen acquired the two lots in 2018 for a combined $57,200,000.

The plan for the site includes a new 18-storey condo tower flanked by two 3-storey market rental buildings. The proposal includes the following:

• 109 condo units;
• 69 one-bedrooms, 37 two-bedrooms & 3 three-bedrooms;
• 16 market rental units;
• 4 studios, 6 one-bedrooms & 6 two-bedrooms;
• a building height of 175 ft;
• a total density of 3.03 FSR;
• four levels of underground parking having access from the lane.

The application describes the design rationale: “The tower massing is reminiscent of books standing on end of varying heights, shiftingback and forth. The rental buildings are massed as simple boxes shifting in plan and in elevation in 1,2 and 3 storeys. It is a playful massing serving a counterpart to the tower’s shifting books. Materials consist of burgundy brick masonry along the first storey and a cream coloured fibre cement horizontal siding on the upper levels. The tower is clad in the same burgundy brick masonry along the side elevations and cream coloured terracotta panels along the front and lane. The natural earth tone materials are meant to anchor the building in the proposed park setting and complement the historic houses.”

Under the site’s existing RM-5B zoning, the application is “conditional” so it may be permitted. However, it requires the decision of the Development Permit Board.

The architect for the project is W.T. Leung Architects.

Bonnis Properties has submitted their formal application for 526 Granville Street, a 6,000 SF DD zoned site located on the East side of Granville between West Pender and West Hastings.

The site is currently improved with a 3-storey heritage commercial building.

The proposal for the site is a 24-storey office building that includes:

• 123,193 SF of office space;
• 2,573 SF of retail space at grade;
• A total density of 20.98 FSR;
• A building height of 335 ft.;
• retention of existing heritage facade;
• Payment -in-lieu parking spaces and 95 bicycle parking spaces.

The application is being considered under the Downtown Official Development Plan.

The architect for the project is Perkins + Will.

A redevelopment plan for the Telus Boot site includes 4 high-rise residential towers above mixed use podiums, with retention of the iconic building and significant densification of the site.

The preliminary rezoning application was submitted this week by PC Urban for a major redevelopment of 3777-3791 Kingsway, the 6.6 acre site which is home to the iconic “Telus Boot” building. The building, also known as Brian Canfield Centre, is located at Kingsway and Boundary Road in the Metrotown area of Burnaby.

The existing building is a 22-storey, 690,000 SF L-shaped office building built in 1976 as the headquarters for BC Tel (now Telus), although it no longer functions as the company’s head office. A large portion of the overall site is improved with surface parking ripe for development.

Under the Metrotown Downtown Plan, the site is now designated for high-density mixed-use development.

The preliminary plan outlined in a report going to city council next week describes the following concept:

• a high-density mixed-use infill development including new office, residential and retail space;
• retention of the 21- storey “Telus Boot” building;
• removing other existing structures on site;
• four high-rise towers atop mixed-use podiums with activated street frontages along Boundary Road & Kingsway;
• improved site circulation and underground parking;
• open space amenities.

Further details including concept massing, renderings and an architect will be revealed in a future report as the application progresses.

A 50% interest in the property was last sold to a fund managed by Crestpoint Real Estate in 2014 for $86,500,000. H&R REIT had previously acquired the entire property for $150,000,000 in 2006.