A rezoning application has been submitted by Sightline Properties for a four lot land assembly at the Northeast corner of West 41st and Collingwood Street, just East of Dunbar and immediately East of the IGA.

The combined site at 3449-3479 W 41st Ave and 5664 Collingwood Street is 28,683 SF in size. The lots are currently single family and zoned RS-5.

The proposal is to allow for the development of a 6-storey market rental building that includes:

• 114 secured market rental units;
• 58 studios, 17 one-bedrooms, 28 two-bedrooms & 11 three-bedrooms;
• A total density of 2.71 FSR;
• A building height of 72 ft.;
• 90 vehicle parking spaces and 216 bicycle parking spaces on two levels of underground parking.

The application is being considered under the Affordable Housing Choices Interim Rezoning Policy.

The architect for the project is Ciccozzi Architecture.

Matt Saunders and I are pleased to announce the sale of 708 – 796 Renfrew Street in East Vancouver.

The site comprises a full city block and with 73 units is one of the largest rental projects approved to date under the Affordable Housing Choices Interim Rezoning Policy. It was put under contract prior to the pandemic and Matt and David were able to successfully navigate an extremely challenging environment to achieve a firm deal in May 2020.

For further details on this sale and project, please contact us.

Westbank has submitted a revised rezoning application for the 2.5 acre East Broadway site, originally proposed in September 2019.

The main change to the proposal is a shift away from primarily condos, to primarily market rental units. The revision shows a decrease in the number of condos from 520 to 236, and an increase in the number of rental units, from 160 to 452 units. Details of the updated plan include:

• 452 secured rental units;
• 236 strata residential units;
• Revised tower heights from 24, 27, & 30-storeys to 25, 29, & 30 storeys;
• 63,000 SF of retail including 50,000 SF Safeway store;
• 48,000 SF of office space;
• Public plaza running parallel to the SkyTrain station;
• 486 vehicle parking spaces and 1360 bicycle parking spaces.

The application is being considered under the Grandview Woodland Community Plan(External link).

The architect for the project is Perkins + Will.

Wesgroup has submitted a rezoning application for a 37,000 SF site they own at the Southwest corner of Oak Street and West 41st. The site is comprised of the former Chevron gas station at the corner, as well as a 2-storey medical office building, and comprises effectively a full city block bounded by West 42nd and a lane.

The proposal calls for a large-scale rental development that includes includes:

• Two towers, 8 & 16-storeys in height;
• 222 market rental units (including 52 below market units);
• 20 studios, 123 one-bedrooms, 55 two-bedrooms & 24 three-bedrooms;
• 17,000 SF of retail space including a proposed grocery store;
• A total density of 5.03 FSR;
• Building heights of 179 ft and 90 ft.;
• Partial 17th storey common amenity space;
• 212 vehicle parking spaces and 492 bicycle parking spaces.

The application is being considered under the Cambie Corridor Plan.

The architect for the project is IBI Group.

The full application can be viewed here: https://shapeyourcity.ca/5763-5791-oak-st-and-1008-w-41-ave

Wesgroup acquired the two lots separately in 2017 for a combined $28.6 Million, or $147 per buildable SF based on the application.

Investors Group has sold Trenant Park Square, a 138,716 square foot,
open format, grocery and drugstore anchored retail centre located in the Ladner area of Delta, B.C. to Keltic Canada, for $64,500,000, or a 4.8% cap rate. The property was built in 1989 and sits on a 9.7 acre site with future development upside.

The property was listed and sold by Jones Lang Lasalle. It is anchored by FreshCo. and London Drugs; other tenants include RBC, Dollarama, Starbucks, Cobs Bread, Subway and Kin’s Farm Market.