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Apartment, Condo, Development, Land, Rental, Retail

Vision for Capilano Mall Redevelopment Includes 11 Towers, Up to 3,100 Units

QuadReal has unveiled preliminary concept plans for the redevelopment of Capilano Mall in North Vancouver. The plans are being unveiled for community input before a more detailed application in 2025, including a required OCP Amendment.

The 17-acre property has been the subject of preliminary planning on and off since 2019, but got underway again in 2023.

Overall concept details include:

  • 11 Towers, 12-40 storeys in height;
  • ~ 3,100 residential units;
  • 30% rental;
  • 10% mid-market rental;
  • 152,000 SF of retail/commercial space;
  • 1.5 acres of public/park space
  • a 20-30,000 SF community centre;
  • a total density of 4.0 FSR.
Timeline

Further info can be found on the project’s consultation website: https://www.reimaginecapilano.com/

November 29, 2024by david.taylor@colliers.com
For Sale, Land, Rental

FOR SALE: Approved Woodframe Rental Site in North Vancouver

We are pleased to present the opportunity to purchase this approved, 5-storey rental project with retail in the Maplewood Village area of North Vancouver.

𝗢𝗳𝗳𝗲𝗿𝗶𝗻𝗴 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀

• Rezoning and development permit approved for 36 rental units with 5,100 SF of retail space
• Substantial design and site due diligence work already completed representing considerable cost savings to buyer
• Shared access ramp with neighbouring project and one level of underground parking minimize cost
• DCLs and Off-site costs already confirmed with DNV
• Project scheduled for BP issuance early 2025, with construction start to follow
• Scarce rental inventory in North Vancouver leading to strong rent growth
• Desirable location in established and flourishing Maplewood Village area
• Highly marketable to North Shore renters– walkable to all amenities, schools, also convenient access to Highway 1, Downtown Vancouver and Burnaby

https://www.collierscanada.com/en-ca/properties/approved-woodframe-rental-development-opportunity-in-north-vancouver/can-2045-old-dollarton-road-north-vancouver-bc/can2016740

November 27, 2024by david.taylor@colliers.com
Land, Market Research

City of Vancouver to Advance ‘Villages’ Planning Program

The City of Vancouver has released a report outlining the next phases of planning for the ‘Village’ areas identified in the adopted 2022 Vancouver Plan.

The Vancouver Plan identified 25 Village areas, primarily centred on existing smaller commercial centres around arterial intersections throughout the City, for increased density and expanded commercial area.

Geographic Scope

Eight of the Village areas are now identified to be part of alternative or future planning work, including:

  • Three full and two partial Villages will be reviewed in the Rupert and Renfrew Station Area planning program;
  • Three Villages will be incorporated into a future area planning program for Main and Fraser Streets, including Punjabi Market;
  • One Village (Yew Street / West 1st Avenue) will be incorporated into future planning for neighbourhood centres; and
  • One Village (Knight Street / East 57th Avenue) is identified in the Vancouver Plan as a Special Study Area and will need to be considered through a future planning program.

The remaining 17 villages are identified in blue on the map below:

Rezoning Potential

The planning focus is on enabling “missing middle” and housing “up to 6-storeys”, with a focus on rental and below-market rental housing where economically feasible. In addition, the program will maintain or enable expansion of zoning permitting mixed-use buildings that deliver additional commercial space in Villages.

The City anticipates the majority of sites will be rezoned through city initiated rezonings, rather than on a site by site basis.

Interim rezonings will generally not be considered unless it involves social housing or seniors housing.

Timeline

The planning work for the Villages is expected to take approximately 18 months, with a Final Land Use Plan presented to Council in Q1 or Q2 2026.

The full report can be viewed here: https://council.vancouver.ca/20241022/documents/r1.pdf

October 19, 2024by david.taylor@colliers.com
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