Vancouver Market - Chronicling Investment and Development Activity in Metro Vancouver
  • Home
  • Listings & Sales
  • Land Assembly
    • Official Community Plans (OCPs)
      • City of Burnaby
      • City of North Vancouver
      • District of North Vancouver
      • City of Vancouver
      • District of West Vancouver
    • Transit Oriented Areas (TOA) Policy
      • City of Burnaby
      • City of New Westminster
      • City of Vancouver
      • Transit Oriented Areas: How New Zoning Policy Affects Landowners
  • About
  • Subscribe
Vancouver Market - Chronicling Investment and Development Activity in Metro Vancouver
Home
Listings & Sales
Land Assembly
    Official Community Plans (OCPs)
    City of Burnaby
    City of North Vancouver
    District of North Vancouver
    City of Vancouver
    District of West Vancouver
    Transit Oriented Areas (TOA) Policy
    City of Burnaby
    City of New Westminster
    City of Vancouver
    Transit Oriented Areas: How New Zoning Policy Affects Landowners
About
Subscribe
  • Home
  • Listings & Sales
  • Land Assembly
    • Official Community Plans (OCPs)
      • City of Burnaby
      • City of North Vancouver
      • District of North Vancouver
      • City of Vancouver
      • District of West Vancouver
    • Transit Oriented Areas (TOA) Policy
      • City of Burnaby
      • City of New Westminster
      • City of Vancouver
      • Transit Oriented Areas: How New Zoning Policy Affects Landowners
  • About
  • Subscribe
Development

Burnaby Saputo Site Sells in $209 Million Deal

The sale of Saputo’s 19-acre Burnaby plant to Peterson Group has completed for $209,000,000. The site at 6800 Lougheed Highway had been listed by Cushman & Wakefield in early 2017. 

Saputo will relocate their operations to a new processing plant on a 20 acre site on Kingsway Avenue in Port Coquitlam, which is expected to be completed within the next three years. In the interim, their sale deal with Peterson envisions a lease back until their new plant is ready in 2021.

Redevelopment plans for the Lougheed site have yet to be revealed; however, previous planning efforts for the Bainbridge area anticipated a higher density mixed use development given the site’s location adjacent a Skytrain station.

November 5, 2018by david.taylor@colliers.com
Apartment, Development, Retail

Plan Emerges for Revelopment of 21-Acre Langara Gardens Site

The Planning Policy Statement for Langara Gardens has been released for consideration by Vancouver City Council. The 20.8 acre site was acquired by Peterson Group in 2009. Peterson later partnered with Concert Properties in 2015, after which a formal planning effort to redevelop the site with City of Vancouver planning got underway, with open houses and town hall meetings over the next two years.

Langara Gardens is located west of Cambie Street between 54th and 57th Avenues and was initially developed as a rental apartment property, with three towers and later a fourth tower in the 1980s. The site is currently improved with 605 apartment units and some retail space and is built to a fairly low density equivalent to a single family zoning (approx. 0.78 FSR). A large majority of the site is currently built as lowrise townhouses which is the focus of the redevelopment effort. The existing rental towers will be maintained.

The site at Pearson Dogwood, directly south, is proposed for the same density and will get underway with rezoning of the first phase shortly.

The vision for the property has included retention of the four existing apartment highrises while adding new residential buildings and various new services and amenities. “Langara Gardens will continue to be primarily residential, with a mix of housing opportunities for a variety of households, ages and income levels. A key element of the planning program is to maintain or replace the 605 existing rental housing units on a one-for-one basis.”

Details of the policy statement which will guide future rezoning applications for the site include:

  • a maximum overall site density of 2.80 FSR (on gross site area);
  • a total of 2,540,000 SF of development (about 2,100 units total);
  • 11 towers (including existing four towers to be retained);
  • All 605 existing rental units retained or replaced;
  • Building heights from 3 to 28-storeys;
  • 20% of net new floor area as affordable housing (approx. 430 units);
  • Redesign and upgrade of existing retail space (approx. 25,000 SF);
  • A new 69-space childcare facility;
  • A new 1-acre City-owned park;
  • A financial contribution towards a potential future station at 57th Ave;
  • A community amenity contribution(s) to be determined/negotiated.

Park and Open Space Concept

Building Heights

The next step will be a site specific rezoning that will include further details such as exact units counts and building layout and design.

Full details on the planning policy statement can be viewed here: http://council.vancouver.ca/20180313/documents/p1.pdf 

March 7, 2018by david.taylor@colliers.com
Development

Conceptual Plans Emerge for Langara Gardens

The City of Vancouver is currently holding open houses for the proposed redevelopment of Langara Gardens, a 21-acre apartment complex at Cambie Street and West 57th Avenue owned by Peterson Group in partnership with Concert Properties. Peterson acquired the property in 2009 for $157MM. In 2013, they began a process to create planning policy to redevelop the site, which in its present configuration is predominantly built out as lowrise and townhouse buildings.

Today, initial concept plans are being presented to the public. Some common concepts include:

  • retention of the four existing apartment highrises
  • new residential buildings varying in height
  • retention and enhancement of existing retail
  • construction of a new daycare
Concept b

One of three concept plans

concept c

Another concept plan

December 2, 2015by david.taylor@colliers.com
Page 4 of 5« First...«2345»

Search the Site

Tweets by vancouvermrkt

Categories

  • Apartment
  • Condo
  • Development
  • For Sale
  • Hotel
  • Investment
  • Land
  • Market Research
  • Office
  • Rental
  • Retail


David Taylor Personal Real Estate Corporation

Colliers International

© 2019 Copyright  |  All Rights Reserved