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Development, Market Research

City Recommends Changes to I-1 Zoning in Mount Pleasant Area

The City of Vancouver is recommending changes to the I-1 Zoning as part of the City’s Metropolitan Core Jobs Plan. The changes are intended to enhance the use of sites within the I-1 zone in Mount Pleasant, which was generally limited to light industrial or mixed use at a density of 1.0 to 3.0 FSR. Included in the changes is more flexiblity for office use.

I-1Summary of Proposed Changes:

  • A variety of service uses have been proposed for increase in allowable density, while still remaining within the overall 3.0 FSR density limit.
  • Several service uses that were previously not permitted are proposed to be allowed as conditional uses, like entertainment.
  • A greater variety of office uses are proposed to be permitted. In the existing zoning, several categories of General Office use are not allowed. In the proposed zoning, all of the categories of General Office use will be allowed.
  • This means a mixed use building could be comprised of 1.0 FSR of the identified light industrial/service space on the ground floor and 2.0 FSR of General Office space above.
  • There will be an opportunity with a potential Parking Payment-in-lieu District in the area for the developer to partner with new developments in the same area in order to provide additional parking over and above specific site requirements. This will be important for smaller sites to get to 3.0 FAR.
January 9, 2013by david.taylor@colliers.com
Development, Office

Coast Capital’s New Head Office to Boost Surrey City Centre Revitalization

Another innovative architectural design will soon be dotting Surrey’s cityscape with plans to build a new Coast Capital Savings head office to be located next to the King George Skytrain Station.

COAST CAPITAL SAVINGS CREDIT UNION - Coast Capital's new HQ

B.C.’s second largest credit union has signed a contract with PCI Developments Corp. for the construction and leasing of about 70 per cent of the approximately 180,000 square foot, nine-story property, with a targeted late 2015 completion date. Coast Capital’s “Help Headquarters”, as the new head office will be known, will join buildings like the Central City Tower and City Centre Library that have established Surrey as the home for some of the province’s most groundbreaking modern architecture and an attractive location for businesses.

Read more at Newswire: http://www.newswire.ca/en/story/1091297/coast-capital-s-new-head-office-to-boost-surrey-city-centre-revitalization

December 19, 2012by david.taylor@colliers.com
Development

Council to Vote on Credit Suisse Office Tower Proposal November 13

Courtesy of the Vancouver Sun

Credit Suisse is proposing to build the tower, which would be adjacent to and extend over the Vancouver Stock Exchange building at the corner of Pender and Howe streets.

The historic Vancouver Stock Exchange building at the corner of Howe and Pender streets is poised to get a $200-million overhaul as part of a major commercial development proposed by global financial giant Credit Suisse.

City council will vote Nov. 13 on a rezoning application that would more than double the maximum density and allow for the construction of a 30-storey tower on the site, which includes an adjacent property on Pender Street.

The design calls for retail uses at street level topped by 369,000 square feet of new, premium office space.

City staff has recommended council approve the application, reasoning that it will contribute to Vancouver’s job space, economic development, heritage and sustainability objectives.

Read more: http://www.vancouversun.com/business/commercial-real-estate/Proposed+office+tower+would+incorporate+former+Vancouver+Stock/7528003/story.html#ixzz2C3bx3ly8

November 13, 2012by david.taylor@colliers.com
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