8171 Cook Road, a 26,000 SF, 3-storey concrete office building in Richmond has sold for $25,000,000 to TPMG Capital.
The building is located at the northwest corner of Cook Road and Buswell Street and is designated as Urban Core T6 in the City of Richmond’s City Centre Area Plan.
The new application is being made under the City’s Moderate Income Rental Housing Pilot Program, which allows proposals up to 14-storeys on arterials. The existing 46,576 SF site is zoned C-2.
The proposal calls for two 14-storey towers above a podium, and includes:
215 rental units (with 20% of the residential floor area assigned to moderate income households);
96,000 SF commercial car wash and vehicle storage in the underground parkade;
a total density of 4.84 FSR (above grade);
a building height of 150 ft.; and
224 underground parking stalls and 443 bike spaces (including underground vehicle storage).
The commercial car wash is intended to serve the nearby Kingsway Honda dealership and service centre located at the Stella mixed-use development at Kingsway and East 12th Avenue.
lululemon has submitted their formal rezoning application for their proposed new headquarters on Great Northern Way in the False Creek Flats. The company currently has four offices around the City, including the existing Cornwall Street building, and these will be consolidated. It is expected that the new building will accommodate about 4,000 people.
The site is currently CD-1 (402) (Comprehensive Development) District as part of a 1999 rezoning of the Great Northern Way Campus lands. The current zoning only allows a building up to 120 feet, and so the rezoning is required to allow greater height and density. The site also falls under the False Creek Flats Plan area, which allows employment uses for the site.
The formal proposal is for a 13-storey office building (or “Store Support Centre”), to with ground-floor retail and cafe/restaurant use. The proposal includes:
511,448 SF of office space;
6,157 SF of retail space;
4,358 SF of cafe/restaurant space;
a total density of 4.56 FSR;
64,536 SF of amenity area;
A building height of 214.2 feet;
Landscaped terraces at levels 4, 7, and 13 offer outdoor social spaces
840 parking stalls on five underground parking levels.
The application describes the design rationale: ” lululmeon’s love for design and attention to detail will be exemplified through a new, state-of-the-art destination facility in the community. The design of the building is organized around a central atrium space that will bring daylight and connectivity to the heart of the building. The building is established with a six-storey podium that reflects the scale of neighbouring properties and reinforces the streetscape. The upper levels are set back and creates an opportunity for landscape terraces that reflect Vancouver’s natural environment and China Creek Park. The building’s façade is carved into three main green spaces: a covered entry off Foley Street, a new public plaza along Great Northern Way, and a northwest corner enhanced with view of Downtown Vancouver and the North Shore Mountains. The public realm along Great Northern Way will be enhanced and activated with a new public plaza with opportunities for a café and outdoor seating, and lush planting along the eastern edge to reflect the legacy of China Creek. ”
Peterson Group has submitted their rezoning application under the Moderate Income Rental Housing Pilot Program (“MIRHPP”) for 1111-1123 Kingsway, a 19,211 SF site currently improved with single storey auto repair shops at the corner of Kingsway and Glen Drive in East Vancouver.
The plan for the site is for a new 13-storey mixed-use building that includes:
128 rental units (23 units are designated as MIRHPP units);
97 underground parking stalls and 260 bike spaces.
The application describes the design rationale: “The main residential lobby is located on Glen Drive allowing retail space to be maximized on the ground floor along Kingsway. The 7th floor includes an interior amenity space and access to a south facing amenity roof terrace that maximizes access to natural light and mitigates overlook. These amenity spaces will be designed in accordance with the High-Density for Families with Children Guidelines and will include elements such as children’s play and common social spaces. Where possible, the project will seek to incorporate additional building amenities, such as urban agriculture. The retail space is oriented to Kingsway on the ground floor and the corner in a contiguous space that has been designed to permit a flexible retail configuration that will animate the public realm.”
A development application has been submitted to the City of Vancouver for a new market rental building on a site at 731-743 East Broadway, located mid-block between Fraser Street and Prince Albert Street, on the north side of Broadway. The site is 12,093 (122′ x 99′) and is zoned C2-C.
The proposal anticipates rehabilitation and heritage designation of the existing building at 741 East Broadway, owned and occupied by Raymar Realty. Also planned is a new 5- storey mixed-use building to the West. Overall, the proposal includes:
45 market rental units;
29 studios, 3 one-bedrooms, 12 two-bedrooms and 1 three-bedroom;
3,198 SF of retail space;
1,695 SF of restaurant space;
a total density of 3.00 FSR;
a maximum building height of approximately 63.42 ft; and
1 level of underground parking with 20 stalls accessed from the rear lane.
The application describes the design rationale: “The first step in generating the design was establishing the basic relationships on the site. The primary criteria was that the existing Heritage asset at #741-745 E Broadway be retained as completely as possible. All major “character defining” elements would need to be retained & restored, and in some cases reconstructed. The goal in developing the massing of the new portion of the development was to create a complementary, non-competing contemporary structure which would emphasize the prominence of the Heritage asset on the streetwall. Thus. the new development is set back from the face of the Heritage structure – a ~9’ indent in the street wall creates a “forecourt” in front of the new development, and allows us to retain the three-dimensional reading of the Heritage building when viewed from E Broadway.”
Under the site’s existing C-2C zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.
First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while