I am pleased to share the news of successful completion of the sale of 5916-5998 Cambie Street, Vancouver, B.C. The Purchaser is a partnership between Coromandel Properties and Peterson Group.
This 31,692-SF full city block is located at the corner of Cambie Street and West 43rd Avenue, directly across from the transformative Oakridge Vancouver project, and just two blocks south of Oakridge/41st Canada Line Station.
The site has an approved rezoning application for a 29-storey, 168-unit condo tower and a 15-storey, 270-room hotel.
Please contact me for further information regarding this sale.
Peterson Group has submitted their rezoning application under the Moderate Income Rental Housing Pilot Program (“MIRHPP”) for 1111-1123 Kingsway, a 19,211 SF site currently improved with single storey auto repair shops at the corner of Kingsway and Glen Drive in East Vancouver.
The plan for the site is for a new 13-storey mixed-use building that includes:
128 rental units (23 units are designated as MIRHPP units);
97 underground parking stalls and 260 bike spaces.
The application describes the design rationale: “The main residential lobby is located on Glen Drive allowing retail space to be maximized on the ground floor along Kingsway. The 7th floor includes an interior amenity space and access to a south facing amenity roof terrace that maximizes access to natural light and mitigates overlook. These amenity spaces will be designed in accordance with the High-Density for Families with Children Guidelines and will include elements such as children’s play and common social spaces. Where possible, the project will seek to incorporate additional building amenities, such as urban agriculture. The retail space is oriented to Kingsway on the ground floor and the corner in a contiguous space that has been designed to permit a flexible retail configuration that will animate the public realm.”
