A rezoning application has been submitted for a site at the Northwest corner of East Hastings and Penticton Street in East Vancouver, currently occupied by London Drugs and an adjacent vacant lot being used as a community garden.

The application is by Hastings Sunrise Development Ltd., a company with the same address as London Drugs’ head office.

The 39,601 SF site at 2585 East Hastings Street has 320 ft. of frontage on the North side of Hastings, more than half a city block, and is currently zoned C-2C. The proposal is to allow for the development of a 6-storey mixed-use building that includes:

• 150 market rental units;
• 45 studios, 59 one-bedrooms & 46 two-bedrooms;
• 29,800 SF of retail space at grade including a new London Drugs store;
• A total density of 3.54 FSR;
• A building height of 72 ft.;
• 147 vehicle parking spaces and 315 bicycle parking spaces.

The application is being considered under the Secured Market (Rental 100) Housing Policy

The architect for the project is Rositch Hemphill.

A rezoning application has been submitted for a 30 ft. lot at the Northeast corner of Slocan and East 27th Avenue in East Vancouver.

The 3,372 SF site at 4310 Slocan Street is currently a martial
arts center owned by the applicant. The lot sits directly adjacent a 4-storey, 41-unit rental building called The Beacon, that was completed in 2017.

The proposal is to allow for the development of a 5-storey (plus amenity level) rental project that includes:

• 8 secured market rental units;
• 2 studios, 2 on-bedrooms, 3 two-bedrooms & 1 three-bedroom;
• 1,600 SF of retail space at grade;
• A total density of 2.83 FSR;
• A building height of 62.3 ft.;
• 3 surface parking lots at the lane.

The application is being considered under the Secured Market (Rental 100) Housing Policy.

The architect for the project is Matthew Cheng.

Artis REIT has sold Delta Shoppers Mall as part of its asset disposition program, part of a strategy to improve the REIT’s growth profile and strengthen its balance sheet. The property is located at 8037 120 Street, Delta, B.C.

The 74,669 SF retail property sold to a private investor for $34.3 million, which represents a capitalization rate of 5.2% and $460 per SF.

Retail anchors for the shopping centre include: TD Canada Trust, A&B Sound, JYSK Furniture.