One of Metrotown’s premier development sites has sold. The site, located at Silver Avenue and Beresford, is comprised of two lots totaling 84,027 SF in size and is currently improved with two walkup apartment buildings. The site is currently zoned RS-3, but is designated for rezoning to Burnaby’s high-density residential zoning RM-5″S”.

The site at 6380-6420 Silver had been listed for sale earlier this year and was acquired by Belford Properties, who have sites in Burnaby and South Vancouver.

The potential rezoning allows over 420,000 SF of buildable area and will likely allow one or more large towers. The adjacent sites along Beresford have both recently been developed by Intracorp as tall towers – to the East is Metroplace, a 46-storey tower with 342 units completed in 2014. To the West is Silver, a 38-storey tower with 290 units nearing completion.

A development proposal in Marpole for a 21,160 SF at West 63rd Avenue and Manitoba is taking advantage of gentle densification now permitted in the Marpole Community Plan.

The proposal by Belford Properties anticipates turning four single family lots, recently rezoned by the City to RM-8 zoning, into 18 townhouse units in two rows of buildings above one level of underground parking. Nine of the units fronting the lane have basement-units that can be locked off for separate suites. The maximum allowable density in the RM-8 zone is 1.20 FSR.

• The site is 184′ x 115′
• The gross buildable area is 25,518 SF

A rezoning application has been submitted for 6380 & 6420 Silver Avenue by Belford Properties for two highrise towers on the 81,400 SF site. The application seeks rezoning under the C-2 and RM-5s designations in the Metrotown Centre Plan.

A previous rezoning application had been made in 2012 for 6380 Silver Avenue alone, but it was determined by the City that the lot area was insufficient to support a tall tower.