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For Sale, Land, Rental

For Sale: White Rock Development Site

I’m pleased to present for sale 1508 Everall Street in White Rock, B.C. This 17,000 SF site is a prime opportunity to build a 6-storey, woodframe rental development of approx. 50 units in an established multi-family neighbourhood with strong rental fundamentals.

The site is a 10 minute walk to the White Rock Waterfront, Semiahmoo Shopping Centre and the shops/services on Johnston Street.

Asking Price: $4,800,000

Please contact us for further details.
https://lnkd.in/gezkTGHJ

April 10, 2024by david.taylor@colliers.com
Development, Rental, Retail

7-Storey Rental Building Proposed for Vacant West 4th Site

A development application has been submitted for 1587 West 4th Avenue, near the NE corner of Fir Street. The site is one of the former CP Rail sites that was sold in 2022. The 5,645 SF site has been used for surface parking for over 20 years and is zoned C-2B, a commercial mixed use zoning that allows up to 3.5 FSR for rental development.

The current proposal is for a new 7-storey rental building that includes:

  • 22 rental units;
  • 2 studios, 12 one-bedrooms, 2 two-bedrooms & 6 three-bedrooms;
  • a 2,300 SF animal clinic on the bottom two floors;
  • a total density of 3.50 FSR;
  • a building height of 72 ft.;
  • 3 surface parking stalls at the rear lane.

The Granville Street bridge West 4th offramp extends over the Northern portion of the site, such that only 53% of the site is developable. As such, the application seeks a few relaxations under the zoning. Under the site’s C-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 $2,900,000 or $146 per buildable SF based on the application.

The architect for the project is Arno Matis.

April 2, 2024by david.taylor@colliers.com
Development, Rental

Two Towers, 394 Rental Units Pitched for Broadway Site

PC Urban has submitted a rezoning application under the Broadway Plan for a two tower rental project on West 13th Avenue at Willow Street, in the Uptown South neighbourhood of the Broadway Plan. The site is located just one block South of Vancouver General Hospital.

The Eastern half of this site was assembled by our team.

The proposal is to allow for the development of two 21-storey buildings and includes:

  • 354 rental units;
  • 20% of the floor area secured for below market rental units;
  • A 24-hour childcare facility;
  • A total density of 7.40 FSR;
  • A building height of 211 ft. with additional height for rooftop amenity space.

This application is being considered under the Broadway Plan.

The application is requesting additional density for the delivery of the childcare centre.

The architect for the project is Francl Architecture.

April 1, 2024by david.taylor@colliers.com
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