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Apartment, Condo, Development, Office, Retail

Westbank Revises Plan for East Broadway Safeway Site

Westbank has submitted a revised rezoning application for the 2.5 acre East Broadway site, originally proposed in September 2019.

The main change to the proposal is a shift away from primarily condos, to primarily market rental units. The revision shows a decrease in the number of condos from 520 to 236, and an increase in the number of rental units, from 160 to 452 units. Details of the updated plan include:

  • 452 secured rental units;
  • 236 strata residential units;
  • Revised tower heights from 24, 27, & 30-storeys to 25, 29, & 30 storeys;
  • 63,000 SF of retail including 50,000 SF Safeway store;
  • 48,000 SF of office space;
  • Public plaza running parallel to the SkyTrain station;
  • 486 vehicle parking spaces and 1360 bicycle parking spaces.

The application is being considered under the Grandview Woodland Community Plan(External link).

The architect for the project is Perkins + Will.

September 17, 2020by david.taylor@colliers.com
Investment, Retail

Ladner Shopping Centre Sells in $64.5 Million Deal

Investors Group has sold Trenant Park Square, a 138,716 square foot,
open format, grocery and drugstore anchored retail centre located in the Ladner area of Delta, B.C. to Keltic Canada, for $64,500,000, or a 4.8% cap rate. The property was built in 1989 and sits on a 9.7 acre site with future development upside.

The property was listed and sold by Jones Lang Lasalle. It is anchored by FreshCo. and London Drugs; other tenants include RBC, Dollarama, Starbucks, Cobs Bread, Subway and Kin’s Farm Market.

August 28, 2020by david.taylor@colliers.com
Condo, Development, Office, Retail

Keltic Development Planning Strata Medical Office Building Next to New Hospital

Keltic Development has submitted their formal development application for 220 Prior Street, a 20,000 SF site, an I-3 zoned site adjacent the future new St. Pauls Hospital that they acquired in February 2020 for $25,000,000.

The proposal for the site includes a new 10-storey office building that includes:

  • 1,600 SF of retail on the ground floor;
  • 16,000 SF of manufacturing/light industrial uses on the main & 2nd floor;
  • 84,000 SF of medical office space;
  • a total density of 5.0 FSR;
  • a building height of 149 ft.;
  • 173 parking spaces on four underground levels.

Under the site’s existing I-3 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The architect for the project is MCMP Architects.

August 23, 2020by david.taylor@colliers.com
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