Port Living is planning to replicate the success of their Midtown project with another project nearby. They have filed a development application for a C-2C zoned site at 630 East Broadway, near Carolina Street. The proposed plan, tentatively titled “Midtown 2”, includes:

• a 4-storey building
• 50 residential units (35 studios and 14 one-beds)
• a density of 3.0 FSR
• 2 ground floor retail units
• 2 levels of underground parking

The architect is Studio B Architects.

A strip retail centre at Burrard Street and West 3rd Avenue in the Kitsilano area of Vancouver has sold for $15,000,000, which equates to $414 per buildable SF. The site is zoned C-3A and is 12,076 SF. Existing tenants in the property include Starbucks and Allwest Insurance. There is no information available at this time about any future redevelopment plans.

A development application has been submitted to redevelop a single-storey retail building on four lots on Victoria Drive near East 54th Avenue. The plan for the C-2 zoned site at 7151 Victoria drive is for a 4-storey woodframe mixed use building that includes:

• 25 rental apartment units
• four retail CRU units (5,082 SF)
• total density of 2.50 FSR (25,674 SF)
• 35 parking spaces on two levels of underground parking

The architect for the project is GBL Architects.

After much industry speculation, the Denny’s property has sold to a group led by local developer Anthony Pappajohn. The purchase price was $26,250,000, which equates to $467 per buildable SF for the 18,750 SF C-3A zoned site. Denny’s lease expires in April 2018, creating near term redevelopment potential.

The site had been listed for sale in late 2015 by Jones Lang Lasalle without an asking price and garnered significant interest given it’s location.

C-3A zoned properties on or near Broadway have been attracting a lot of attention due to the zone’s attractiveness with residential entitlements to 3.0 FSR. Likewise, many buyers view the long-term upzone potential in this area as an attractive feature.

A development application has been made for a 4,850 SF C-2 zoned site on the Northeast corner of East 36th Avenue and Victoria Drive in East Vancouver. The plan the site at 5195 Victoria Drive is for a 4-storey mixed-use project containing:

• retail and office uses on the main floor
• 10 residential units (4 one-bedrooms and 6 two-bedrooms)
• a total density of 2.41 FSR (11,626 SF)
• 9 underground parking spaces

The architect for the project is Cornerstone Architecture.