An existing C-2 zoned strip retail building at the corner of Oak Street and Laurier Avenue (one block North of King Edward) is proposed for redevelopment to allow a 4-storey building with retail uses on the ground floor and 11 residential units above, all over two levels of underground parking. Details for this 12,819 SF site include:

• Total density of 29,100 SF or 2.27 FSR (less than 2.5 max due to site restrictions)
• Top floor has two 2,000 SF units targeting downsizers
• Each unit gets two parking stalls
• Concrete construction with high quality interior and exterior finishes

The site was acquired by Xpec Oak Holdings Ltd. in 2014 for $7,900,000, or $271 per buildable SF based on the proposed density.

Four developments go before Vancouver City Council next week seeking approval of form of development, which is the last administrative motion at the Council level required before construction, so these four projects will likely start site clearing for imminent excavation and construction:

501 West 26th Avenue (Parc 26)

Parc 26 is a 75-unit condo project at West 26th and Cambie that was sold by our team in 2011 to Dava Developments and approved for rezoning in 2014. According to twitter, the project is now over 65% sold.

521 West King Edward Avenue

Just across King Edward Street from Parc 26, this site was also assembled by Colliers in 2011, and achieved rezoning in 2014. The developer is Regent International. The plan is for a 70-unit, 6-storey condo building.

333 East 11th Avenue (The Duke)

This site was initially marketed in 2010 and received rezoning approval in 2015 for a rental tower under the City’s Rental 100 program. The 201-unit rental apartment building, now named “The Duke”, will be 14-storeys with a 4,925 SF retail component. Site clearing has already commenced.

984 West Broadway

This site at Broadway and Oak was approved for rezoning for 10-storey office tower way back in 2011, and is just now looking to move forward. The project, by BlueSky Properties, was rezoned under the Metro Core plan to allow a 5.22 FSR density.

A development application has been submitted for a land assembly in Mount Pleasant. The plan is for a new 3-storey condo building while preserving and restoring the existing 4-unit building at 547 East 16th Avenue that was built in 1912. The site is 15,117 SF, and is zoned RM-4. Details include:

• Density of 1.45 FSR
• Total of 21 units (17 new units and 4 in existing building)
• 21 underground parking spaces
• Total building height of 35.1 ft