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Apartment, Development

Market Update: City of Vancouver Rezonings

Here is an overview of the rezoning applications that will be considered by Vancouver City council next week:

(click on addresses for greater detail regarding the projects)

3063-3091 West Broadway

3091 West Broadway_2The plan for this site at Broadway and Balaclava includes 78 market rental units under the Rental 100 program. Currently on the site is a two-storey building with commercial uses at grade and two residential rental suites on the second floor. The rezoning was originally filed back in April 2015.

 

4162-4188 Cambie Street

4162 Cambie_2This rezoning application was brought forward in March 2015 by Pennyfarthing Homes. The plan for the 22,166 SF site at Cambie and 26th Ave calls for a 6-storey condo building with 56 units. The site is directly across the street from Parc 26, a similar development now in pre-sales. 68% of the units will be 2 or 3 bedroom units.

 

2312-2328 Galt Street

2312 Galt_2The plan for this Norquay Village rezoning is a 28-unit, 4-storey apartment building under the Rental 100 program. The site is currently zoned RS-1, but was redesignated in the Norquay Village area plan for apartments.

 

 

26 East 1st Avenue

26 East 1st_2This is a rezoning amendment for a sitea at 1st and Ontario Street in the Olympic Village area owned by Pinnacle International and originally rezoned in 2006. The new plan calls for an 18-storey condo tower with 137-units and a density of 6.98 FSR.

 

201 West 2nd Avenue

1768 Cook_1Concord Pacific has applied to the City of Vancouver for permission to develop their 57,365 SF site, which is comprised of a full city block at West 1st Ave and Columbia Street. The site is one of the larger remaining undeveloped parcels in the SEFC area and was originally proposed by Concord back in 2012; having been rezoned previously in 2008. It will include 247 condo units. The architect for the project is GBL.

September 24, 2015by david.taylor@colliers.com
Development

7-Storey Building Planned for Cambie Corridor

Pennyfarthing Homes has applied to the the City of Vancouver to rezone a 23,625 SF site at 4976-5010 Cambie Street from RS-1 to CD-1 to allow a 7-storey residential building, the retention and heritage designation of the Wong Residence at 5010 Cambie Street, and a laneway house at the rear of the site. The proposal includes:

    • 49 residential units;
    • retention and heritage designation of the Wong Residence at 5010 Cambie Street;
    • a maximum building height of 90 ft.;
    • a density of 2.46 FSR; and
    • 54 underground parking spaces and 63 bicycle parking spaces.

The application is being considered under the Cambie Corridor Plan. Pennyfarthing has already experienced success in the Cambie area with Bennington House, which is now selling.

4976 Cambie 4976 Cambie_1

4976 Cambie_2

Rendering: Shift Architecture

The retention of the Wong residence is described by the architect for the project Shift Architecture:

“On the southern-most lot of the parcel sits the Wong residence: a split-level West Coast Modern house originally designed by modernist architect Harry Lee of Duncan McNab & Associates in the mid 1950’s. In true West Coast style, the house embraces the natural landscape, seated atop a substantial volcanic rock outcropping that fronts Cambie Street with a tangible presence. The prominence of the rock is subtly countered by an elegant water garden and landscape design by renowned landscape architect, Cornelia Hahn Oberlander. Pennyfarthing Homes and the City of Vancouver have recently expressed interest in the preservation of the house, the rock and landscaping, and a formal Statement of Significance has been prepared as a testament to both its design and its late owner, prominent Vancouver philanthropist Milton Wong. Accordingly, preservation and an innate respect of the Wong residence are at the core of the proposal.”
September 15, 2015by david.taylor@colliers.com
Development

101-Unit Condo Project Planned for Brentwood Area

Ledingham McAllister is moving forward with a rezoning application to develop a 59,244 SF site at 5415 Lougheed Highway in the Brentwood area of Burnaby with a four-storey apartment building with three-storey townhouses fronting Broadway and Lougheed Highway. Plans include:

  • 101 condo units
  • a total density of 1.50 FAR
  • 32 one-bedroom units and 69 two-bedroom units
  • 123 underground parking spaces
  • $3,022,760 CAC ($130 per buildable SF x 0.4 FAR town centre bonus)

5415 Lougheed

September 1, 2015by david.taylor@colliers.com
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