A rezoning application has been submitted by Nexst Properties for a 5-lot land assembly in the Joyce Collingwood area of East Vancouver. The site at 3235-3261 Clive Avenue is currently improved with five single family lots.

The proposal consists of a 6-storey residential building and five ground-oriented townhouses fronting Clive Avenue, including:

• 68 condo units;
  • 2 studios, 42 one-bedrooms, 33 two-bedrooms & 11 three-bedrooms;
• a total density of 2.25 FSR;
• a maximum building height of 69 ft.;
• 68 underground parking spaces and 138 bicycle spaces.

This rezoning application is being considered under the Joyce-Collingwood Station Precinct Plan. 

The architect for the project is DYS Architecture.

The site was acquired in 2017 for $14,100,000 or $279 per buildable SF based on the application.

Westbank has submitted their rezoning application for 5055 Joyce Street, a 16,000 SF site acquired from the YMCA in 2017 for $55,000,000, or $221 per buildable SF.

The site is currently zoned C-2C  but can be rezoned under the Joyce-Collingwood Station Precinct Plan. The proposal consists of one 32-storey mixed-use building over six levels of underground parking and includes:

• 298 market condo units;
  • 146 one-bedrooms, 120 two-bedrooms & 32 three-bedrooms;
• 11,100 SF of retail space;
• a total density of 15.5 FSR;
• a building height of 305 ft.; and
• 197 underground parking spaces and 533 bicycle spaces.

The architect for the project is Perkins + Will.

The City of Vancouver is about to implement their annual inflationary adjustment to Density Bonus Contributions and target rate CAC’s. The density bonus contributions are basically CAC’s that are specifically intended for density bonuses associated with conditional zoning in a small set of pre-planned areas including: Mount Pleasant, Joyce Collingwood, Marpole and Norquay. 

The target rates for density bonus contributions in these areas are proposed to increase by 11.9%, and will become effective on September 30, 2017. The Mount Pleasant I-1A and I-1B zones are not being adjusted for inflation this year because these areas were only established as new density bonus zones in 2017.

For CAC’s the increase is at the same rate, with updated rates as follows:

Expect even further updates to CAC target rates coming in late 2017 and early 2018 as the City of Vancouver seeks to “align with the updated needs identified in the Public Benefits Strategy.”

A full copy of the Policy Report on Density Bonus Contributions can be viewed here: http://council.vancouver.ca/20170725/documents/p8.pdf

The Policy Report on CAC’s is located here: http://council.vancouver.ca/20170726/documents/pspc5.pdf