Gracorp has completed on the sale of a Broadway Plan tower site at 2175 West 7th Avenue in the Kits neighbourhood.
The 18,000 SF site mid-block site has a rezoning application for a 20-storey, 182-unit rental tower at a total density of 6.50 FSR.
The purchase price of $26,000,000 equates to $222 per buildable SF based on the density in the proposed rezoning application.
Westbank and Crombie REIT are getting closer to going to council for their long anticipated redevelopment of the 105,000 SF Safeway site at 1780 East Broadway, just East of Commercial Drive.
The project, first proposed in 2019, has since been redesigned multiple times due to feedback from planning as well as changing market conditions. Primarily envisioned as a condo project originally, the revisions have since seen the project become taller and denser, and all rental units.
The current proposal includes three rental towers at 35, 36 and 39-storeys above a retail base. Details include:
This application is being considered under the Grandview-Woodland Community Plan. The application requests consideration of height and density in excess of the existing policy.
The architect for the project is Perkins & Will.
A new rezoning application has been submitted by JTA Development Consultants on behalf of Five Mile Holdings and Prospero International Realty for a site at 215-229 East 13th Avenue, just East of Main Street for a new rental project under the Broadway Plan.
The site is currently improved with two older lowrise apartment buildings.
The proposal calls to rezone the 20,364 SF site to allow for the development of a 21-storey mixed-use building that includes:
This application is being considered under the Broadway Plan.
The architect for the project is Studio One Architecture.