Intracorp has completed the sale of 3362 Vanness Avenue in the Joyce Collingwood area of East Vancouver for $41,400,000.
The site comprises an existing 12-storey apartment building that was assembled with a neighbouring property and approved for rezoning earlier this year for a 679-unit, two tower rental project.
The total assembly has a combined site area of 38,323 SF. The combined assembly value of $46,550,000 equates to $107 per buildable SF.
Strand has submitted a new rezoning application for their site at 360 West 2nd Avenue, which was previously approved for rezoning in 2021 for a 7-storey for lease industrial and office project, branded ‘Three Sixty‘.
Office market conditions and the subsequent adoption of the Broadway Plan have led to design changes incorporating extra height, density and residential rental units, and removal of most of the proposed office space.
The new proposal anticipates a 19-storey mixed-use building that includes:
This application is being considered under the Broadway Plan. The application requires Official Development Plan (ODP) and Regional Growth Strategy (RGS) amendments.
The architect for the project is Yamamoto Architecture.
The full rezoning application can be viewed here: https://www.shapeyourcity.ca/302-360-w-2-ave
We are pleased to introduce for sale a multifamily and retail building located on Kingsway in East Vancouver.
Please contact me for further information.