The latest rental rezoning application has been submitted. This one is for a site at 1325 West 70th Avenue, three blocks East of Granville Street.
The current zoning for the site is RM-3A and the property is improved with an older lowrise apartment building. This apartment area allow densification under the Marpole Community Plan.
The application calls for the development of a 6-storey residential building including:
A preliminary development application has been submitted to West Vancouver for the large-scale development of a 9-acre site located just above the Upper Levels Highway in West Vancouver, about a km East of Cypress Bowl Road.
The site at 2480 & 2510 Wentworth Ave, was previously owned by Collingwood School before a sale to Vanluxu Enterprises Ltd. in 2012 for $26,500,000, was previously approved for a 29-lot single family subdivision in 2017. That application has now been abandoned and cancelled.
The site was subsequently listed for sale in 2018 for $108,000,000, but did not sell.
The new preliminary plans contemplate a total of 585 residential units, and includes a mix of rental and strata units in seven midrise buildings alongside several townhouse buildings. The buildings are terraced to respond to the site’s sloped terrain and natural setting.
The developer will be hosting a public information meeting on their preliminary plans. The meeting will be held from 4:30–7:30 pm. on Thursday, March 12 at The Beach House Restaurant (top floor), 150 25th Street.
A 2,344 unit residential development has been proposed by Edgar Development for a 23 acre site they own in Port Moody.
The site, known as ‘Woodland Park‘, is located at Cecil Drive and Angela Drive in the College Park neighbourhood on the Western part of Port Moody. The site is currently improved with older lowrise rental apartment buildings totaling 200 units in 19 buildings scattered across the site.
Edgar acquired the site in 2018 for $97,500,000.
The site is designated Multi-Family Residential in the OCP, which permits various building forms from three, up to a maximum of six storeys in height. The site is located outside the Evergreen Line Sub-areas and therefore has not been specifically designated for development forms higher than six storeys.
The OCP and Rezoning Application contemplates a master planned redevelopment with 18 buildings from 4 to 26-storeys in height, that includes:
2,344 total units
2,319 condo units;
325 below market rental units for BC Housing;
10,000 SF of community use space;
5,000 SF of retail space;
a total density of 2.15 FAR;
neighbourhood park, play area & multi-use path around the perimeter of the property;
seven phases to be developed over 16 years.
70% of the site is proposed to be retained as environmentally sensitive areas/green space.
The rezoning application is still in the early stages at the Community Planning Advisory Committee. Input from the committee will determine whether the application moves forward on it’s own, or as part of a larger OCP review for the area.
The proposal would join the Flavelle Oceanfront project as by far the two largest development proposals in Port Moody history.
The architect for the Woodland Park project is Acton Ostry.
A 13,700 SF retail and office building on West 4th Avenue near Alma Street has sold for $10,500,000. The building is 2-storeys with office above retail and the site, measuring 11,191 SF is zoned C-2 commercial.
The sale equates to a price per SF of $768 for the building, or $375 per buildable SF based on the zoning. The cap rate equates to 2.8%.
Headwater Projects has applied to the City of Richmond for permission to rezone the former Cactus Club site on No 3 Road, at the Southeast corner of No. 3 and Lansdowne Road, just South of Lansdowne Mall. The site is 29,000 SF in total.
The proposed rezoning would permit the development of a new 15-storey purpose built rental development with ground floor retail. Details include:
149 market rental apartment units;
13 studios, 62 one-bedrooms, 73 two-bedrooms;
5,732 SF of ground floor retail;
a total density of 3.7 FAR;
143 parking spaces.
The project requires an OCP amendment: ” The Official Community Plan (OCP) designates the subject site as “Mixed Use”. The proposed OCP amendment and proposed rezoning are consistent with this designation. The OCP, in Section 3.3 (Diverse Range of Housing Types, Tenure and Affordability), also encourages the development of purpose-built market rental housing and allows for up to a 0.25 FAR density bonus for projects with 100% market rental housing residential use, where 100% of the units incorporate basic universal housing features, and provide at least 40% family-friendly unit sizes (having at least two bedrooms). An OCP Amendment is being brought forward in conjunction with this application to amend the Market Rental Housing Policy under Section 3.3 to introduce wording to permit additional density bonus area for new rental housing projects on a site specific basis to meet community need. Projects would still need to meet the design objectives of the CCAP. The proposed rezoning is consistent with this proposed OCP amendment. “
