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Apartment, Development

First Major Rezoning Proposed Under Grandview-Woodland Plan

The City of Vancouver has received the first major rezoning application for a site in the Grandview-Woodland Community Plan.

The proposal is for a 29,112 SF site owned by Intracorp at the corner of East 11th Avenue and Victoria Drive, currently occupied by older lowrise residential buildings, including a heritage house. The plan calls for rezoning from RM-4 to permit the development of a 10-storey residential building with a 6-storey residential podium.

The proposal includes:

    • 149 units (76 rental & 73 strata);
    • A total density of 3.58 FSR;
    • Relocation and designation of a Vancouver Heritage Register Category “B” heritage house (on-site);
    • A height of approximately 103.4 ft.; and
    • 108 underground parking spaces.

1837 E 11_2 1837 E 111837 E 11_1This application is being considered under the Grandview-Woodland Community Plan which dictates that 50% of the gross floor area can be condos if 50% of the gross floor area is rental housing.

The architect for the project is Perkins + Will.

June 7, 2017by david.taylor@colliers.com
Apartment, Investment

FOR SALE: 12-Unit Strata-Titled Apartment Conversion Opportunity

We are pleased to introduce this 12-unit strata-titled building in a highly desirable area of Kits. The building has excellent potential to be converted to an income-producing rental apartment building.

3495 West 4thBRO 3495 W 4th Ave

Please contact us for further details.

June 1, 2017by david.taylor@colliers.com
Development

Details Emerge for Bosa’s New Westminster Waterfront Project

Bosa Development has submitted a formal development permit application for their ambitious New Westminster waterfront project, originally announced last year.

The site at 660 Quayside Drive, currently a surface parking lot, was previously owned by Larco and had been envisioned for redevelopment as far back as 1996 with as many as five towers originally proposed with approximately 1,000 units and above-ground parking.

A revised rezoning proposal for three towers including a hotel was put forward in 2014 before the site was ultimately sold to Bosa Development in August 2016 for $63,000,000 ($79 per buildable SF).

The current proposal is now for a two-tower scheme that includes:

  • two residential towers: 53-storeys (phase 1) & 43-storeys (phase 2)
  • building heights of 584 ft & 472 ft.
  • 665 units
  • 156 one-bedrooms, 441 two-bedrooms & 68 three-bedrooms
  • a total density of 4.52 FSR
  • a 3-storey commercial building with retail at grade and childcare above
  • 40 space childcare facility
  • 2 acre of new public park including extension of Westminster Pier Park
  • 929 parking stalls on 3 levels of underground parking

660 Quayside_9 660 Quayside_6660 Quayside_3 660 Quayside 660 Quayside_1 660 Quayside_4 660 Quayside_5 660 Quayside_7 660 Quayside_8The application describes the overview of the project:

“The proposed project will be a major and positive contribution to the downtown waterfront and the City of New Westminster. The development combines two residential towers, retail space, daycare, public park, underground parking and riverfront esplanade to create a dynamic mixed use project. The site is an important gateway to the waterfront and a key component in the City’s Waterfront vision for a continuous waterfront experience, improved neighbourhood connections and year-round public spaces.”

June 1, 2017by david.taylor@colliers.com
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