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Development, Office

Market Spotlight: City of Vancouver Public Hearings

A couple of rezoning applications make their way to public hearing next week. Public hearings are generally the last hurdle for proponents before formal enactment and development permits. Two projects going to council next week highlight some minor changes to previously proposed projects:

988 West Broadway

This 10-storey office tower project was originally approved way back in 2011, and finally went forward in 2015. The project, by BlueSky Properties, was rezoned under the Metro Core plan to allow a 5.22 FSR density, and site clearing began in late 2015.

Changes: An amendment is being requested to suit the needs of a “prospective tenant”. The original plan had been to have a common area space on the top floor. The plan now calls for the common area space to be located on the 2nd floor, with the top floor being expanded for a tenant’s use.

  • Density increase from 5.22 to 5.52 FSR (heritage density is being purchased + public art contribution)
Amended proposal with additional 10th floor space

Amended proposal with additional 10th floor space

1575 West Georgia

This Coal Harbour proposal by Bosa Properties was originally unveiled in 2014. The site is currently improved with a 3-storey office building, and a small city-owned surface parking lot.

The project is moving forward with only small revisions as a result of staff recommendations and public feedback, with a one-storey reduction in height, a reduction in the unit count from 184 units to 175 units, and a reduction in density from 10.83 to 10.59 FSR.

1575 West Georgia_3

Height context perspective. Note concept tower heights for 1500 West Georgia (Bosa) and 1550 Alberni (Westbank) and 1400 Alberni (Wall). Concept tower heights are also included on Cardero at Georgia and Alberni corners.

1575 West Georgia_5

 

February 18, 2016by david.taylor@colliers.com
Development

12-Storey Building Planned for Southeast False Creek

Aurmon Development has applied to rezone a 24,160 SF site that it owns at West 2nd and Wylie Street in the Southeast False Creek area. 371 West 2nd Avenue is currently zoned M-2 (Industrial) and the proposal is for a 12-storey building (10 storeys plus 2 penthouse levels) above a 6-storey podium (5 storeys plus 1 penthouse level). The proposal includes:

    • 132 strata condo units;
    • 78 one-bedrooms, 38 two-bedrooms and 12 three-bedrooms
    • A height of 130 ft;
    • A density of 4.11 FSR
    • Three levels of underground parking

This proposal is being considered under the Southeast False Creek Official Development Plan (ODP).

372 West 2nd 372 West 2nd_1 372 West 2nd_2The full rezoning application can be viewed here.

The site was acquired by Aurmon in 2010 for $9,650,000, or $114 per buildable SF.

February 16, 2016by david.taylor@colliers.com
Development

Details Emerge for Westbank/First Baptist Church Redevelopment

After holding preliminary open houses late last year to unveil the First Baptist Church redevelopment to the public and the media, Westbank has now submitted their formal rezoning application for the Bing Thom designed project at 969 Burrard St. & 1019-1045 Nelson Street. The specific details of the project have now been finalized for rezoning application purposes.

Major details of the proposal includes:

    • restoration of First Baptist Church;
    • new church ancillary spaces, including a 37-space child daycare, a gymnasium, a counselling centre and offices;
    • a new 8-storey building containing 66 social housing units, owned by the church;
    • a new 56-storey tower containing 294 market strata residential units;
    • a combined total new floor area of 559,925 SF.
    •  a total density of 10.79 FSR;
    • 497 underground vehicle parking spaces.

This rezoning application is being considered under the Rezoning Policy for the West End and the West End Community Plan.

969 Burrard As the building sits at an elevation of 167 ft above sea level, it will appear as one of the tallest buildings on the Downtown skyline, only slightly shorter than Shangri-la and Trump Tower.

969 Burrard_4Further detail on the rezoning application can be found here: http://former.vancouver.ca/commsvcs/planning/rezoning/applications/969burrard/index.htm

February 11, 2016by david.taylor@colliers.com
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