Another week, another rental apartment building rezoning application under the City of Vancouver’s Rental 100 program. This one is for a 12,300 SF site (99′ x 122′) located on the North side of Kingsway near Fraser Street. The application to for 855 Kingsway calls for a rezoning from the existing C-2 zoning to CD to permit the development of a six-storey mixed-use building. This is a concurrent rezoning and development permit application.

The proposal includes:

• 49 secured market rental units;
• 14 studios, 18 one-bedrooms, 12 two-bedrooms and 5 three-bedroom units
• 4,043 SF of retail at grade;
• A total density of 3.30 FSR;
• A building height of 68.9 ft.; and
• 25 underground parking spaces.

This application is being considered under the Secured Market Rental Housing (Rental 100) Policy.

The architect for the project is Cornerstone Architecture.

The site had sold in 2015 for $3,668,000, or approximately $91 per buildable SF.

Strand Development has submitted a rezoning application for a 10,881 SF site on West 12th Avenue, next to the Arbutus greenway. The site is currently improved with an older commercial building occupied by Blenheim Import Auto Service. 

The plan for the site calls to rezone from the existing C-7 commercial zoning to permit the development of a 6-storey residential building. The proposal includes:

• 48 rental apartment units;
• 3 studios, 20 one-bedrooms, 15 two-bedrooms and 10 three-bedrooms
• A total density of 3.47 FSR
• A building height of 63.75 ft.; and
• 20 underground parking spaces.

The application is being made under the Rental 100 policy.

The architect for this project is Yamamoto Architecture.

We are pleased to announce the sale of 1574 Kingsway in Vancouver. This mixed-use residential/retail building sold for $2,750,000. The property was marketed and sold by our team in late 2016.