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Development

Anthem Acquires West Georgia Chevron Site in $72 Million Deal

Anthem Properties has acquired the recently closed Chevron site at 1698 West Georgia Street for $72,000,000.  

1698 W GeorgiaThe 16,375 SF site at the corner of Georgia and Bidwell can be rezoned and redeveloped for a 385 ft. residential tower under the West End Community Plan.

April 3, 2017by david.taylor@colliers.com
Development

Planning Underway for 40-Acre Willingdon Lands

Aquilini Development has submitted an initial rezoning application for a 40-acre site in Burnaby that they own jointly with the Musqueam Indian Band and the Tsleil-Watuth First Nation. The site has been used over the years by a variety of institutional uses and many of the existing facilities on the site are currently leased back by the Province. All of the remaining services on the site will be relocated off-site by 2019.

The site is currently zoned CD and allows for commercial and institutional uses. The current application seeks to establish a master plan for the entire site, and a development plan for the first phase to be located on the Northeast corner. While details are still vague at this point, general concepts include:

  • commercial, residential and amenity uses including a child care facility
  • 4-acre public open space or “commons” at the centre of the site
  • potential street linkages at South and West sides of site

Willingdon LandsThe existing CD zoning had been based upon the P6 and B2 Urban Office District guidelines and envisioned uses including: high tech and office uses, vocational and post secondary uses, health care and seniors care uses, emergency, transitional and supportive housing, as well as supporting accessory uses such as retail, residential and mixed-use.

Separate rezoning applications for the master plan and for phase 1 will be submitted as a next step.

The site was purchased from the Province in 2014 for $57.9 Million.

April 3, 2017by david.taylor@colliers.com
Apartment, Development

466-Unit, Two Tower Project Planned for Burquitlam

Cressey has submitted a rezoning application for a 1.8 acre site at 430-450 Westview Street, just East of North Road and South of Austin Avenue in the Burquitlam Area of Coquitlam.

The site is zoned RM-4 but designated as high-density residential in the Lougheed Neighbourhood Plan and is currently occupied by two older lowrise apartment buildings containing a total of 101 rental units.

The redevelopment plan includes a new condo development with a rental development replacing the existing units at a ratio of 2:1. Details include:

  • Two towers -a 35-storey condo tower & a 22-storey rental tower
  • 264 condo units (average 675 SF) 106 one-beds, 153 two-beds and 5 three-beds
  • 202 rental units (average 714 SF) 35 studios, 96 one-beds, 68 two-beds & 3 three-beds
  • total density of 5.0 FAR (3.04 condo & 1.96 rental)
  • 27,064 SF of amenity space including an outdoor pool
  • 679 underground parking spaces

430 Westview430 Westview_1430 Westview_3430 Westview_4430 Westview_2The architect for the project is Chris Dikeakos.

April 3, 2017by david.taylor@colliers.com
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