PC Urban has submitted a preliminary rezoning application to the City of Port Moody for a 6-storey market-rental project on a four single-family lot assembly at 3316-3330 Dewdney Trunk Road.
The 33,233 SF site is located down the block from a 229-unit rental project built by PC Urban, now nearing completion.
Details of the new proposal include:
133 rental units;
52 one-bedrooms and 58 two-bedrooms;
a total density of 3.38 FSR;
90 underground parking spaces.
The OCP indicates 4-storeys for this site, and so an OCP amendment is required.
A redevelopment plan for the Telus Boot site includes 4 high-rise residential towers above mixed use podiums, with retention of the iconic building and significant densification of the site.
The preliminary rezoning application was submitted this week by PC Urban for a major redevelopment of 3777-3791 Kingsway, the 6.6 acre site which is home to the iconic “Telus Boot” building. The building, also known as Brian Canfield Centre, is located at Kingsway and Boundary Road in the Metrotown area of Burnaby.
Existing site aerial
The existing building is a 22-storey, 690,000 SF L-shaped office building built in 1976 as the headquarters for BC Tel (now Telus), although it no longer functions as the company’s head office. A large portion of the overall site is improved with surface parking ripe for development.
Under the Metrotown Downtown Plan, the site is now designated for high-density mixed-use development.
Existing site aerial view
The preliminary plan outlined in a report going to city council next week describes the following concept:
a high-density mixed-use infill development including new office, residential and retail space;
retention of the 21- storey “Telus Boot” building;
removing other existing structures on site;
four high-rise towers atop mixed-use podiums with activated street frontages along Boundary Road & Kingsway;
improved site circulation and underground parking;
open space amenities.
Further details including concept massing, renderings and an architect will be revealed in a future report as the application progresses.
A 50% interest in the property was last sold to a fund managed by Crestpoint Real Estate in 2014 for $86,500,000. H&R REIT had previously acquired the entire property for $150,000,000 in 2006.
PC Urban has applied to the City of Port Moody to redevelop a former mobile home park property sold by our team in 2017. The site, at 3370 Dewdney Trunk Road (on the Coquitlam border) is located within the Inlet Centre Station Transit Oriented Development Area and is designated in the OCP for up to 4-storeys. The site is just a few minutes walk to Inlet Centre Station.
The application is for rezoning and an OCP amendment to allow for a new 6-storey rental project. Details include:
229 rental units;
86 one-bedrooms, 138 two-bedrooms and 5 three-bedrooms;
PC Urban has submitted a rezoning application and OCP amendment for a 5-lot land assembly in the Lower Capilano area of North Vancouver. The site, sold by our team in 2015, is located on the northwest corner of Fullerton Avenue and Glenaire Drive, at the edge of the Capilano River Regional Park.
The lots in question were part of a larger zoning redesignation effort by the District of North Vancouver in 2015, which resulted in several blocks in the area being allowed for townhouse rezoning under the new OCP.
The plan is to redevelop five residential lots located at 1946 -1998 Glenaire Drive to allow a new 3-storey townhouse development, including:
23 three-bedroom townhouse units
Unit sizes ranging from 1,726 SF to 2,322 SF
three separate buildings
onsite public pathway adjacent to the Capilano River
PC Urban has applied to the City of Vancouver for permission to develop a site at the Northeast corner of West 5th and Alberta in Mount Pleasant for a new 4-storey commercial/light industrial building. The project includes
23,590 SF of Wholesale uses on the first storey and mezzanine;
47,325 SF of General Office uses on the second through fourth storeys; and
two levels of underground parking with 95 spaces
one Class A and two Class B loading spaces
Under the site’s existing I-1 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.
This proposal continues a trend of mixed industrial and office buildings at higher densities in Mount Pleasant following zoning changes in 2014.
First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while
