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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
Land

Intracorp Completes Acquisition of Joyce Collingwood Site

Intracorp has completed the sale of 3362 Vanness Avenue in the Joyce Collingwood area of East Vancouver for $41,400,000.

The site comprises an existing 12-storey apartment building that was assembled with a neighbouring property and approved for rezoning earlier this year for a 679-unit, two tower rental project.

The total assembly has a combined site area of 38,323 SF. The combined assembly value of $46,550,000 equates to $107 per buildable SF.

October 10, 2024by david.taylor@colliers.com
Development, Land

FOR SALE: Broadway Plan Woodframe Rental Development Site

I am pleased to present the opportunity to purchase this 12,500 SF corner site in the Broadway Plan, with a rezoning designation for up to 8-storeys, 3.0 FSR. The site is located at the corner of West 12th Avenue and Alberta Street, and can be expanded via assembly of the neighbouring lot, also listed for sale.

For more information, please visit: https://www.collierscanada.com/en-ca/properties/for-sale-woodframe-rental-development-site-near-broadway-city-hall-station/can-2812-alberta-street-vancouver/can2016257

September 23, 2024by david.taylor@colliers.com
Land, Market Research

City of Vancouver to Adjust Social Housing Requirement in West End

The City of Vancouver will consider a recommendation to makes changes to the West End Rezoning Policy regarding social housing requirements.

The report indicates the following recommended changes in Areas 1 & 2 of the West End Plan (depicted below):

  • Reducing the inclusionary social housing requirements 25% of the residential floor area to 20% or one-for-one replacement of the existing rental housing, whichever is greater
  • Introducing a cash-in-lieu option that reflects the costs for the City to deliver such social housing offsite, including land and construction, which will be determined on a case-by case basis through the rezoning process.

The reduction to the inclusionary social housing requirement is recommended as an interim measure for two years until December 31, 2026, or until adoption of a new Inclusionary Zoning By-law that would supersede this rezoning policy.

Three projects have been approved for rezoning with the 25% social housing but have not yet started construction. These projects would require a new application to be granted the reduction.

The full report can be viewed here: https://council.vancouver.ca/20240924/documents/r1.pdf

September 18, 2024by david.taylor@colliers.com
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David Taylor - Senior Vice President @ColliersCanada. Chronicling investment and development activity in Vancouver. Views are my own.

vancouvermrkt
vancouvermrkt Vancouver Market @vancouvermrkt ·
22 Feb

SOLD: East Vancouver Retail & Apartment Building
https://vancouvermarket.ca/2026/02/22/sold-east-vancouver-retail-apartment-building/

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northshorenews North Shore News @northshorenews ·
17 Feb

12-unit Gleneagles townhouse project proposed in West Vancouver

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vancouvermrkt Vancouver Market @vancouvermrkt ·
31 Jan

A new proposal has surfaced for the parking lot next to Waterfront Station.

The redesigned project includes a 26-storey, 416,000 SF office tower, shaped like a tree, cantilevered over the existing station building.

Architect: James Cheng

Details: https://bit.ly/46aUB0W

4

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vancouvermrkt Vancouver Market @vancouvermrkt ·
23 Jan

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