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Development

Large Scale Rezoning Planned for Central Steam Site

Westbank is planning to rezone the Central Steam site at the Southeast corner of West Georgia and Beatty Street that Ian Gillespie acquired in 2013.The site is 73,958 SF in size and zoned DD and BCPED, neither of which allow residential, but the proposed rezoning is seeking residential in exchange for public benefit, at the discretion of the Director of Planning. In this case, the public benefit is proposed to be a reduction in the City’s GHG emissions.

Details of the proposed rezoning include:

  • a 300,000-350,000 SF office building on Beatty
  • a 300,000-400,000 SF rental apartment building
  • 25,000 SF of retail on the lower side plaza next to Expo Blvd.
  • Overall non-residential density is proposed to exceed the 7.0 FSR minimum
    commercial requirement.
  • The existing Steam Plant (70,000 SF) will either be re-engineered and integrated
    into the development as a back-up function, or relocated off-site.
  • In addition, a new low carbon heating plant will be built off-site in the False Creek Flats that will be linked to the distribution network and this will be a public benefit

Central Steam2

Central Steam

“The rezoning of the Central Steam site provides an opportunity to transform a quasi-
industrial site into a well-designed development in keeping with its important location in the Central Business District. In addition, the ability to switch the fuel source of the
Central Steam plant to a low-carbon energy system presents an important opportunity to achieve a substantial public objective related to our city’s carbon reduction goals, and would represent a great leap toward Vancouver’s goal of being the Greenest City in the World by 2020. As such, staff recommend that City Council indicate its willingness to consider a rezoning application from Creative Energy for the Central Steam site for consideration at a future Public Hearing subject to the Recommendations in this Report.
July 3, 2015by david.taylor@colliers.com
Development

More Townhouses Coming for Oak Street

Listraor, a local development company that specializes in townhouses, is planning their third development near Oak and 41st, in between two other townhouse project already approved earlier this year.

Currently zoned RS-1, the lots in question total 14,392 and are being proposed for rezoning to townhouse under the Oakridge Langara Policy Statement. Details include:

    • 2 buildings, with a maximum height of 4 storeys (38 ft.);
    • 12 market townhouse units between 1,387 and 1,511 SF
    • a density of 1.20 FSR;
    • 24 underground parking spaces;
    • 24 bicycle spaces.

5470 Oak 5470 Oak_1The site sits between two other Listraor projects that have already been approved. To the North is a 12-unit townhouse project, and to the South – a 19-unit townhouse project.

June 13, 2015by david.taylor@colliers.com
Development

6-Storey Condo Development Planned Near King Edward Station

Tianco Group has applied to rezone a 26,579 SF site at 526-548 West King Edward Avenue from RS-1 to CD-1 under the guidelines of the Cambie Corridor Plan. The proposal is for a 6-storey residential building and five townhouses along the lane, including:

    • 69 residential units;
    • a maximum building height of 63 ft.;
    • a density of 2.45; and
    • 65 underground parking spaces.

526 West King Ed_2526 West King Ed 526 West King Ed_1

The site is an assembly of three single family lots that were assembled and sold in 2011.

More details on the rezoning application can be found here.

June 13, 2015by david.taylor@colliers.com
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