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Development

Market Update: Burnaby Rezoning Applications

Here is a brief roundup of rezoning applications going before City of Burnaby council this week:

6837-6875 Royal Oak Avenue

6837-royal-oakThe plan for this 27,229 SF site in the Royal Oak area is for a 4-storey residential building with 54 units. The project will also have 8,106 SF of retail on the ground level and 106 underground parking stalls. The site is currently zoned M4light industrial and is occupied by older warehouse buildings. The project is being developed under the C9 Urban Village designation to a total density of 2.19 FAR.

6695 Dunblane Avenue & 4909-4971 Imperial Street

6695 Dunblane_1Transca Development initially submitted a rezoning application for this L-shaped site earlier this year, and the plan is now likely heading to public hearing. The proposal is a single 36-storey apartment tower with a 2-storey form fronting Nelson Avenue, a 3-storey residential form fronting Dunblane Avenue, and a 4-storey form fronting Imperial that includes 2-storey townhouses with double height amenity space above. There will be a total of 313 units, and a total density of 5.11 FAR per the RM-5s designation.

6921-6965 Arcola Street

6921-arcolaThis site is an assembly of six single family lots in the Edmonds area. The lots are currently zoned R5 but are being rezoned to RM3 based on the Edmonds Town Centre Plan. The proposal for the site is a 3-storey stacked townhouse development with underground parking. All the units are 3-bedrooms and range between 1,237 SF and 1,496 SF. The total density is 1.1 FAR.

October 23, 2016by david.taylor@colliers.com
Development, Market Research

Market Spotlight: Burnaby Rezoning Applications

A number of rezoning applications head to Burnaby City Council this week. Below is a brief summary of some of the larger projects planned.

4460-4482 Juneau Street

4460-juneauSolterra owns this three-lot assembly of older M1 zoned industrial buildings along Willingdon Avenue at Juneau Street in the Brentwood area. The plan for the site is a 25-storey tower with townhouses under the RM-4s designation. There is a 23-storey tower just across Juneau Street at second reading.


6525-6585 Sussex Avenue

6525-sussexThe plan for this 57,116 SF Metrotown site at Sussex and Beresford is for a mixed-use high-rise and low-rise market residential apartment building including retail and office uses. The project will also include a separate non-market housing building developed in conjunction with B.C. Housing. The proposed density is 5.0 FAR per the RM-5s and C2 guidelines. The site was acquired by Thind Properties in May 2016 for $32,680,000.


7422-7470 Buller Avenue

7422-bullerThis 132,000 SF site is currently occupied by a multi-tenant warehouse building and is located next to a section of former rail line in the Royal Oak area. The site is designated for medium-density residential development, and the application is for a mix of stacked-townhouses and traditional townhomes with full underground parking to a density of 1.1 FAR.


5180 Lougheed Highway

5180-lougheedAnother highrise condo tower is being planned for the Brentwood area; this one at the corner of Lougheed Highway and Springer Street. The 51,204 SF site is currently occupied by two older industrial buildings owned by Beedie Living. The plan calls for a 269,000 SF tower with 250 to 300 residential units. The concept includes “breaks” throughout the building to add visual interest to the massing and scale of the tower.

October 3, 2016by david.taylor@colliers.com
Development

63-Unit Building Planned for Lynn Creek Area of North Vancouver

Wanson Development is planning a new 6-storey residential building in the Lynn Creek area of North Vancouver, just a couple of blocks South of the Seylynn Village project which is half complete. The site is located at 467 Mountain Highway, just South of Hunter Street. This is currently an industrial area, but portions fronting Mountain Highway were redesignated for mixed-use a few years ago.

Plans for the 18,600 SF site include:

  • a 6-storey building
  • 63 condo units (24% one-bedrooms, 66% two-bedrooms, 10% three-bedrooms)
  • 6 ground-floor retail units totaling 5,663 SF
  • a building height of 75.5 feet
  • a total density of 3.5 FSR
  • two levels of underground parking

The rezoning requires a total CAC payment of $705,000, equivalent to $16.50 per SF for density above 1.2 FSR base. Wanson had acquired the site in 2014 for $4,800,000, or $74 per buildable SF.

The building features an interesting central courtyard layout. The architect for the project is Francl Architecture.

467-mountain467-mountain_1467-mountain_2

September 22, 2016by david.taylor@colliers.com
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