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Development, Rental

141 Woodframe Rental Project Planned for East Van Site

Aragon Properties has submitted a development application for a new rental project in East Vancouver at East 49th Avenue, just West of Killarney Street in the Killarney neighbourhood.

The site was approved at public hearing for rezoning under the Secured Rental Policy in October 2023.

The proposal is for a 5-storey plus amenity level apartment building and two three-storey townhouses on this site, consisting of:

  • 141 market rental units;
  • a total density of 2.20 FSR;
  • A proposed Height of 55 ft.;
  • One level of underground parking, having vehicular access from the lane.

Under the site’s proposed RR-2B zoning, the application is “conditional” so it may be permitted. However, it requires the decision of the Director of Planning.

The site was acquired in 2022 for $15,420,000 or $151 per buildable SF based on the application.

March 14, 2024by david.taylor@colliers.com
Development, Rental, Retail

Revised Rezoning Application for Broadway-Commercial Safeway Site Includes 981 Rental Units

Westbank and Crombie REIT are getting closer to going to council for their long anticipated redevelopment of the 105,000 SF Safeway site at 1780 East Broadway, just East of Commercial Drive.

The project, first proposed in 2019, has since been redesigned multiple times due to feedback from planning as well as changing market conditions. Primarily envisioned as a condo project originally, the revisions have since seen the project become taller and denser, and all rental units.

The current proposal includes three rental towers at 35, 36 and 39-storeys above a retail base. Details include:

  • 981 rental units;
  • 99 units secured at below market rates;
  • A total density of 7.87 FSR;
  • A max. building height of 425 ft.;
  • Commercial retail space at grade, including a 50,000 SF Safeway;
  • Office and commercial space within the podium levels;
  • A public plaza running parallel to the SkyTrain station;
  • Publicly accessible outdoor pace on top of the retail base; and
  • 440 vehicle parking spaces and 2006 bicycle spaces.

This application is being considered under the Grandview-Woodland Community Plan. The application requests consideration of height and density in excess of the existing policy.

The architect for the project is Perkins & Will.

March 14, 2024by david.taylor@colliers.com
Development, Rental, Retail

21-Storey Rental Tower Planned for East 13th Near Main Street

A new rezoning application has been submitted by JTA Development Consultants on behalf of Five Mile Holdings and Prospero International Realty for a site at 215-229 East 13th Avenue, just East of Main Street for a new rental project under the Broadway Plan.

The site is currently improved with two older lowrise apartment buildings.

The proposal calls to rezone the 20,364 SF site to allow for the development of a 21-storey mixed-use building that includes:

  • 193 rental units;
  • 20% below market rental units;
  • 6,000 SF of retail space;
  • a total density of 6.80 FSR;
  • A building height of 212 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Studio One Architecture.

March 8, 2024by david.taylor@colliers.com
Development, Rental

Two Tower, 542-Unit Rental for Kingsway Parking Lot Site

Quadreal has submitted their formal rezoning application for the redevelopment of the parking lot at Kingsway and Prince Edward Street, adjacent the Mount Saint Josephs Hospital.

The 1.21 acre site was acquired by Quadreal in 2019 for $29,100,000 and is currently a surface parking lot.

The site is located in the Mount Pleasant Centre Area (MCEC) of the Broadway Plan. The MCEC Policy Area permits tower forms up to a maximum height of 25-storeys and a maximum density of 8.5 FSR.

The proposal is for 25-storey and 32-storey buildings with a podium and includes:

  • 542 rental units;
  • 428 market rental;
  • 114 below market rental (20%);
  • 16,000 SF of ground floor retail space;
  • a 5,000 SF, 37-space private childcare facility;
  • a total density of 8.50 FSR;
  • A building height of 269 ft. with additional height for rooftop amenity space;
  • 297 underground parking stalls.

This application is being considered under the Broadway Plan.

The architect for the project is Acton Ostry Architects.

The full rezoning application can be viewed here: https://www.shapeyourcity.ca/2950-prince-edward-st

February 27, 2024by david.taylor@colliers.com
Development, Land, Rental

City of Burnaby Releases Proposed DCC and ACC Rates

The City of Burnaby is seeking Council approval on draft Development Cost Charge (DCC) and Amenity Cost Charge (“ACC”) rates, the latter of which is a new charge being developed by each municipality in Metro Vancouver as a result of new Provincial legislation.

Through Bill 46 – Housing Statutes (Development Financing) Amendment Act, 2023, the Province introduced a new tool, ACCs, to help local governments finance services and amenities through development.

Concurrent with updating their OCP, Burnaby will be re-writing their zoning bylaws to comply with and respond to the recent changes in Provincial legislation, including interim updates to meet the June 30, 2024 deadline for the City to: (1) amend the Zoning Bylaw to permit Small Scale Multi-Unit Housing (SSMUH) on lots currently zoned for single and two family housing; and (2) designate all Transit Oriented Areas (TOAs) within Burnaby that are subject to the minimum TOA density and height requirements prescribed by the Province.

ACCs can be used to collect funds for growth-related facilities or features that provide social, cultural, heritage, recreational or environmental benefits to a community. These include, but are not limited to, recreation and community centres, libraries, and childcare facilities.

City of Burnaby: Proposed DCC & ACC Rates

If Council agrees with the proposed DCC and ACC rates as outlined above, then staff will move forward accordingly; bringing forward a future report with the final recommended DCC and ACC rates for approval at the March 25 Council meeting.

Staff will then forward the DCC Bylaw to the Provincial Inspector of Municipalities for approval. Approval of the Inspector is required for the DCC Bylaw but is not required for the ACC bylaw. The Inspector’s office has indicated that their DCC review process currently takes between 8 to 10 weeks.

Once the City receives Inspector approval of the DCC Bylaw, the DCC Bylaw and ACC Bylaw will be advanced for Final Adoption. The goal is for both the new DCC bylaw and ACC bylaw to be in place before the June 30, 2024 deadline.

If you’re an owner of a property within a Transit Oriented Area (TOA) and are interested in learning more about the ACC rates and their attendant impact on property values, please reach out to us.

February 22, 2024by david.taylor@colliers.com
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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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