TPMG Capital has acquired 2695 Granville Street, a 7-storey office building located at the Northwest corner of Granville and West 11th Avenue.

The 27,812 SF concrete office building was built in 1965 and sits on a 54 x 120′ C-3A zoned lot.

At the $28,600,000 price equates to $1,028 per SF of building area including ground floor retail.

The building had most recently been listed for sale for $29,900,000 following an initial asking price of $36,000,000 in early 2020.

A rezoning application has been submitted for a site at 2735 E 41st Avenue in East Vancouver. The 14,382 SF C-1 zoned site is currently occupied by an older lowrise commercial building occupied by G&F Financial Group.

The proposal is to allow for the development of a 5-storey mixed use rental building under the Rental 100 policy. The proposal includes:

• 32 market rental units;
• 2 studios, 10 one-bedrooms, 14 two-bedrooms & 6 three-bedrooms;
• 6,129 SF of retail space in 5 CRUs at grade;
• A total density of 2.48 FSR;
• A building height of 49 ft.;
• 25 vehicle parking spaces and 80 bicycle parking spaces.

The application is being considered under the Secured Market Rental (Rental 100) Policy.

The architect for the project is Barnett Dembek Architects Inc.

A rezoning application has been submitted by Chard Development for a site at 750 SW Marine Drive, a block and a half West of Cambie Street. The I-2 zoned site is 18,100 SF in size and occupied by lowrise commercial buildings with tenants including Once a Tree Furniture.

The proposal is to allow for the development of an 8-storey building that includes office, light industrial and at-grade retail uses. The proposal includes:

• 6,100 SF of retail space at grade;
• 18,300 SF of light industrial space on levels 1 and 2;
• 65,000 SF of office space on levels 3 to 7;
• Amenity space on level 8;
• A total density of 4.94 FSR;
• A building height of 35 ft.;
• 99 vehicle parking spaces and 62 bicycle parking spaces.

The application is being considered under the Marpole Community Plan and the Employment Lands & Economy Review Phase 2 Report.

The architect for the project is Proscenium Architecture & Interiors Inc.

Wesgroup has submitted a rezoning application for the former Chevron Station site that they own at the Southwest corner of Cambie & West 59th Avenue.

The 19,800 SF site at 7525 Cambie Street has been operating as a community garden since the gas station shut down a couple of years ago.

The rezoning proposal is to allow for the development of a 6-storey condo building with commercial uses at grade. Details include:

• 76 condo units;
• 5 studios, 42 one-bedrooms, 21 two-bedrooms & 8 three-bedrooms;
• 7,895 SF of ground floor retail space;
• A total density of 3.54 FSR;
• A building height of 80.6 ft.;
• 112 vehicle parking spaces and 160 bicycle parking spaces.

The application is being considered under the Cambie Corridor Plan.

The architect for the project is Yamamoto Architecture.

Wesgroup acquired the property in 2017 for $18,558,700, or $265 per buildable SF.

Adera has completed the acquisition of a rental development site at 2762 Lonsdale Avenue, in the Upper Lonsdale area of North Vancouver. The purchase price is $9,450,000.

The site is 17,353 sq ft. in size and improved with an older 3-storey walkup apartment building. There is now a development application on the site to allow a 6-storey market, 60-unit market rental development.