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Development

40-storey Tower Proposed for Downtown Site

Townline Homes has applied to the City of Vancouver to rezone the Quality Inn site at 1335 Howe Street from DD to CD-1 to permit a 40-storey residential building and includes:

      • a density of 11.2 FSR
      • 389 market condo units
      • a 378 ft. tower with a 7-storey podium (height limited by view cone)
      • 24,000 SF of transferred heritage density
      • Average 6,500 SF tower floorplate
      • a 37-space childcare facility
The site is 24,000 SF and is located mid-block, book-ended between two existing towers: an 18-storey with 7-storey podium building at 1379 Howe (The Executive Inn); and a 19-storey building with 7-storey podium building at 1311 Howe st. (Viva Tower).
The proposed project sits between two other active tower projects one block away: Vancouver House (59 storeys) and Tate (40 storeys).

Policies allowing rezoning include: Vancouver’s Downtown Capacity Review Study, Green Buildings Policy for Rezonings and the Downtown Official Development Plan.

The site made headlines in 2014 as it was announced that the building would be operated as temporary homeless housing. Information on the current shelter facility can be found here.

1331 Howe_1 1335 Howe 1335 Howe_2

February 18, 2015by david.taylor@colliers.com
Development

New Tower Proposed in Southeast False Creek

Pinnacle International has applied to amend the existing CD-1 zoning for a site it owns and currently houses a presentation centre but has not yet developed at 2-26 East 1st Avenue, at the corner of Ontario Street near the Olympic Village area of Southeast False Creek. The proposal is for an 18-storey building that includes:

    • 137 residential units;
    • a density of 6.98 FSR
    • 162 underground parking spaces.

The site was originally rezoned in 2006. This application is being considered under the Southeast False Creek Official Development Plan, Southeast False Creek Design Guidelines for Additional Penthouse Storeys, and Comprehensive Development District CD-1 (464).

26 East 1st26 East 1st_2

February 18, 2015by david.taylor@colliers.com
Development

Cambie Site Sells in $16.7 Million Deal

A strata townhouse complex located at the southwest corner of Cambie and West 65th Avenue has been acquired by the Buddhist Compassion Relief Tzu Chi Foundation of Canada for $16,700,000. The 34,600 SF site is currently zoned CD, but is designated for 6-storey development in the Cambie Corridor Plan. The purchase price equates to $195 per buildable SF assuming a density of 2.5 FSR.

510 West 65th

February 17, 2015by david.taylor@colliers.com
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