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.

A rezoning application has been submitted for a 66 foot, mid-block site at 3353 Cambie Street, on the West side of Cambie between West 17th and West 18th Avenues. The site is currently improved with older single storey retail.

The proposal is to rezone from the current C-2 zoning under the Cambie Corridor Plan to allow a new 6-storey office building. The proposal includes:

• 3,200 SF of ground floor retail/restaurant space;
• 4,700 SF of childcare space on 2nd floor
• 16,200 SF of office space on levels 3 to 6;
• A total density of 3.0 FSR;
• A building height of 78 ft.;
• 36 parking spaces and 10 Class A bicycle parking spaces.

The architect for the project is Radiant City Architecture Inc.

Marcon has submitted a preliminary rezoning application for the site of the former Barnet Hotel at 2025 St. Johns Street in Port Moody.

Marcon acquired the site in 2019 for $18,800,000, or $97 per buildable SF.

The 97,059 SF site is now vacant and zoned C5. The OCP designates the site as ‘Mixed Use – Moody Centre’, which permits commercial and residential development ranging up to six storeys in height.

The proposal for the site is two 6-storey condo buildings, and includes:

• 242 units;
• 119 studios, 49 one-bedrooms, 70 two-bedrooms, 4 three-bedrooms;
• 7,900 SF of commercial space at the Northeast corner of the site;
• a total density of 2.23 FAR;
• 322 parking spaces;
• 9,000 SF of common amenity space.

The project describes the design rationale: “Given the gateway location of the site, the project seeks to elevate the architectural expression of the development in order create a memorable western entry into Port Moody center. This memory is firmly established by the interplay of multiple colourful glazed guards that populate the north and east facades of the project. These colourful panels, change with the day as the capture, reflect or cast coloured light onto the immediate surroundings.

Upper residential levels of the development sit upon a well-defined commercial base which is located at the intersection of Albert and St. John’s Streets. The commercial base is rendered in masonry which contrasts the corrugated metal cladding of the upper residential levels. The extent of this commercial occupancy is limited by the slope of the site in both the north/south and east/west directions. A glazed canopy wraps the commercial frontage, serving to further define the base while providing cover for those accessing the three commercial units. The masonry base is extended the full length of the development on both the east and north elevations by utilizing brick for the landscape walls. The expression of a strong base for the development is further accentuated by recessing and darkening the lowest level of the northern building.”

The architect for the project is Shift Architecture.