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Development

Another Proposed Rental Project, On Fraser Street

Another application for a rental apartment project has been submitted under the Rental 100 incentive program; this time in South Vancouver. The application is to rezone 7350 Fraser Street from RT-2  to CD-1 to allow a 6-storey rental building that includes:

    • 96 secured market rental units
    • a building height of 45.3 ft
    • a density of 2.61 FSR
    • 78 underground parking spaces

7350 Fraser Street_2 7350 FraserLearn more here: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/7350fraser/index.htm

February 5, 2014by david.taylor@colliers.com
Development

Edgemont Village Plan Nearly Complete

The District of North Vancouver is in the final stages of consultation and planning regarding the Edgemont Village Centre Plan. The Plan has been in the works for several years, and finally began a process of public consultation in February 2013; partially as a result of development proposals forthcoming on the old Petro Canada site, as well as Grosvenor’s SuperValu site.

Edgemont Village PlanLearn more on the District’s site: http://www.dnv.org/upload/documents/Council_Agendas_Minutes/140205CW_AGN.pdf#page=1

February 4, 2014by david.taylor@colliers.com
Development, Investment

Judge Backs Forced Sale of North Vancouver Complex

A recent B.C. Supreme Court decision has paved the way for owners of an apartment and townhouse complex in North Vancouver to sell to a developer – despite the wishes of some owners to stay put.

B.C. Supreme Court Justice Lauri Ann Fenlon recently sided with the majority of owners of Seymour Estates on Lytton Street, who asked the court to approve the sale of the entire property.

That decision satisfied the vast majority of owners, who argued in court they’ll get more money by selling as a group than they could individually and avoid potentially costly repair bills as the 40-year-old complex ages.

For a small group of owners, however, the decision could force them to move off the North Shore, where they have community ties, if they can’t find similar affordable housing – or out of the housing market entirely.

Read more: http://www.nsnews.com/news/judge-backs-forced-sale-of-north-vancouver-complex-1.810849

February 3, 2014by david.taylor@colliers.com
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