Developing Story: Musqueam hold second open house for proposed development on University Endowment Lands.

The second of three planned open houses regarding the Musqueam Indian Band’s proposal to develop a 22-acre parcel on University Endowment Lands goes ahead Feb. 6 from 4 to 8 p.m. at the University Golf Club, 5185 University Blvd.

The band wants to develop land known as Block F between University Boulevard and Acadia Road, which was returned to it by the provincial government under a 2008 reconciliation agreement.

Community consultation is in advance of a formal rezoning application, which will be submitted to UEL. The first open house on Dec. 6 attracted 300 people over four hours, according to Gordon Easton, the project manager from Colliers International.

From the LA Times:

Vancouver developer building $100-million apartments downtown

A Canadian developer has started work on a $100-million luxury apartment building in downtown Los Angeles, the first of three high-rise residential complexes it plans to build in the booming neighborhood.

Vancouver-based Onni Group is erecting a 32-story tower on a former parking lot at the northeast corner of Olive and Ninth streets. The site is next door to a well-known 12-story office building that opened in 1926 as the headquarters of Pacific National Bank.

Onni’s building, to be known as 888 Olive, will have 283 units – each with a private balcony — over street-level shops and restaurants. It will have a swimming pool and fitness center, Onni said. Completion is set for early 2015.

Read more: http://www.latimes.com/business/money/la-fi-mo-apartments-downtown-20130201,0,2345668.story

Dava Developments has acquired a 4-lot assembly located at 4412-4488 Cambie Street. The total property size is 39,180 SF, represents a partial city block with no direct neighbour, and is designated under the Cambie Corridor Plan for 2.5 FSR residential. The site sold for $14,840,000, or $151 per buildable sq ft. The properties had been listed for sale for a combined value of $19,552,000.

This will be Dava’s second project in the Cambie Corridor. They have submitted a rezoning application for a site they acquired at Cambie and 26th.