Intergulf Development Group has applied to the City of Vancouver to rezone seven single family lots at Cambie and West 29th. The site, located at 4533-4591 Cambie Street will be rezoned from RS-1 to CD-1, as provided under the Cambie Corridor Plan. The proposal is for three 6-storey residential buildings containing 177 units and 8 townhouses, with 20 per cent of the total number of units (37 units) being provided as market rental housing. The proposal includes a density of 2.62 FSR and 195 underground parking spaces.

The development is broken down into three seperate blocks that follow the natural curve of Cambie Street. The individual buildings offer variation in scale and length while remaining consistent in character and materiality.

Yenik Realty Ltd. has applied to the City of Vancouver to rezone 4320 Slocan Street from C-1 to CD-1 Comprehensive Development District. The proposal is for a 4-storey mixed-use building, comprised of approximately 42 585 sq. ft. of floor area, with a floor space ratio of 2.11 FSR, and a height of 46.4 ft. Two commercial retail units with 41 residential rental units above are proposed. A total of 19 parking stalls, 61 bicycle spaces, 1 car-share space, and 2 loading spaces would be provided.

More information can be obtained here.

Source: City of Vancouver

Target announces B.C. store locations.

The U.S. Department store chain Target announced today it intends to open dozens of stores in Canada and 18 in B.C. by March or April of next year.

Target intends to announce additional locations over the next several months, the company said in a press release today. They include:

• Abbotsford – Abbotsford Power Centre

• Burnaby – Metropolis at Metrotown

• Chilliwack – Cottonwood Mall

• Coquitlam – Coquitlam Centre

• Delta – Scottsdale Mall

• Langley – Willowbrook Shopping Centre

• Maple Ridge – Haney Place Mall

• Surrey – Surrey Place/Central City

Read more: http://www.vancouversun.com/business/commercial-real-estate/Target+announces+store+locations/6679559/story.html#ixzz1vuyAKbR7

Burnaby NewsLeader – Crucial Burnaby Edmonds site sold to developer.

The Burnaby Value Village site at Kingsway and Edmonds Street has been sold to a developer, the latest step in the area’s revitalization.

Cressey Developments’ purchase of the three-acre property closed last week, confirmed Hani Lammam, Cressey’s vice-president of development.

Read more here: http://www.burnabynewsleader.com/news/153679735.html

Barclay Mansion, a 40-unit apartment building in the West End has been sold by John Gee, Colliers for $10,300,000, or $258,000 per unit. The purchaser was a local investor.

Constructed in 1962 by a well-known local developer, Barclay Mansion is improved with a nine-storey concrete high-rise offering eight bachelors and thirty-two one bedrooms, and approximately 23,000 square feet of net rentable area.