FDG Property Management has submitted a rezoning proposal for 161-165 E. Keith Rd. to allow the construction of a 93-unit 16-level residential building with 52 strata units, and 41 purpose built rental units secured in perpetuity and involving a density transfer/sale from adjacent City owned lands. The lands under consideration include Site B (12,598 SF) and the adjacent City Parcel Site A (7,600 SF) which have a combined area of 20,198 SF. This combined site shown below.

The existing rental building on the site, Park Lane Manor, was constructed in 1954 and has 12 units. As such, it is one of the older purpose-built rental buildings remaining in the City and is in relatively poor condition. It will be replaced by this proposal.

Kenstone Properties has filed a development application for a property it acquired several years ago on the North side of West 8th between Fir and Granville. The C-3A zoned site is planned for the following:

• 20 residential units
• 40 underground parking stalls
• a density of 3.3 FSR

Learn more here: http://former.vancouver.ca/devapps/1545w8th/index.htm

The City of Vancouver has released the proposed draft of the Marpole Community Plan to be considered by City Council in the next month or so. Click here to view the plan.

View South on Granville

I am pleased to have acted on behalf of the Vendor and Purchaser in the sale of this West End apartment building with laneway housing potential.

Contact me if you’d like to learn more about what’s selling in the West End and about what the new West End Community Plan means for existing apartment properties.

The Rona building located at 3000 Sexsmith Road in the Bridgeport area of Richmond has sold for $29,600,000. The 79,500 SF concrete retail building is located on a 3.91 acre site. The building was first being marketed for lease in 2013, and is now occupied by an LW Everybody’s Outlet Store.