Wesgroup has applied to the City of New Westminster for a zoning bylaw amendment for a site that they own at 100 Braid Street in the Sapperton area.

The site was previously rezoned in 2016 from light industrial to mixed use to allow a 21-storey condo tower. The lot is 47,006 SF and is adjacent to the new Urban Academy School (also subject of the previous rezoning), and just south of the large Master Planned Sapperton Green project. It is currently occupied by four commercial tenants.

The revised proposal for the site is a 35-storey, 100% market rental tower that includes:

• 424 rental units;
• 57 studios, 260 one-bedrooms, 86 two-bedrooms & 21 three-bedrooms;
• a total density of 6.60 FSR;
• a building height of 390 ft.;
• 422 underground parking spaces;
• 4,252 SF of community art gallery/studio space that would be offered to tenants at discounted rents.

There will be a 5-storey mixed-use podium. The podium would be situated on the north and east frontages while the tower would be located at the northeast corner of the site. An art gallery/studio space would be provided at the ground-level within the podium along the Braid Street frontage adjacent to the Urban Academy School.

The proposal would include townhouses on the south frontage that would be accessed from within the development as well as from a private walkway that runs along the south and east edges of the site. This walkway would also provide access to other groundoriented units located within the easterly podium levels. The development would share a vehicular entry and multi-use pathway with the school to the west. The parkade entrance
for the building would be located off of the shared driveway between this site and Urban Academy.

The architect for the project is Chris Dikeakos.

Wesgroup has submitted a rezoning application for a site at the corner of Commercial and East 12th in East Vancouver, sold by our team in 2019.

The proposal is to allow for a 6-storey mixed-use building. The zoning would change from C-2C1 to allow development of:

• 62 condo units;
• 7,200 SF of ground floor retail space;
• A total density of 3.00 FSR;
• Maximum height of 74.3 ft.;
• 71 vehicle parking spaces and 117 bicycle parking spaces.

The architect for the project is Ciccozzi Architecture.

Thind Properties has applied to the City of Richmond for permission to rezone a 3.9 acre site at 5740, 5760, and 5800 Minoru Boulevard, in the Lansdowne Village area of Richmond.

Thind acquired the site in 2018 for $60,000,000.

The proposed concept for the site was first unveiled in late 2019. The formal application now confirms a high-rise, high density, mixed use development to replace the existing older commercial/industrial buildings on site.

The project comprises a 12-storey office tower and three residential towers.

Details include:

• 429 residential units;
• 341 condos and 88 affordable housing units;
• 162,000 SF of office space;
• 25,000 SF of retail space;
• a total gross density of 3.20 FAR;
• 632 parking spaces.

Prior to rezoning adoption, legal agreements will be registered on title to limit subdivision by air space parcel or strata-title on a floor-by-floor basis (to ensure the development provides for flexible, large floorplate office spaces).

The architect for the project is IBI Group.

A 2-storey retail and aparment building on a prime stretch of West 4th Avenue has sold for $8,800,000. The building at 2041 West 4th is located on a 50 ft. lot and is zoned C-2B. The ground floor retail is currently leased to Turf for the next 6 years. The upstairs consists of two higher end rental units.

The sale price equates to $1,050 per SF for the building.

A virtual tour of the Property can be viewed here: https://fraserelliott.com/2041-w-4th-avenue-vancouver/

I am pleased to present the opportunity to acquire a fully leased auto dealership on Main Street.

Address: 

4575 Main Street, Vancouver BC

Property Features:

• Prime Single Tenant Retail Investment Opportunity at Land Value
• Quality Covenant: National Auto Dealer Tenant
• 5-Year Lease with Two Five Year Renewal Options
• Quality Improvements with Recent Renovations 
• Over 277 feet of frontage at the corner at Main Street and East 30th Avenue 
• 25,341 SF, C-2 zoned site in Mature, Stable Neighbourhood
• Excellent opportunity for future 6-storey rental development under C-2 zone
• Demolition option within first renewal term

Asking $23,000,000, going-in 3.9% cap rate, increasing to 4.25% with rent bumps.

Please contact me for further details.