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Apartment, Development

Proposal for Kerrisdale Rental Building Withdrawn

Plans for a rental building in Kerrisdale that were submitted earlier this year, have now been withdrawn.

Bogner Development Group had proposed rezoning on the church site for a 6-storey, 56-unit rental building. A notificaiton on the City’s website indicates that Bogner is withdrawing the proposal:

“After review of the public feedback provided through the application process, the applicant has decided to withdraw rezoning application for a 6-storey secured market rental building on this site. The applicant is now working with staff to review potential options for the site.”

The rezoning would have been one of the first under the Interim Policy for Affordable Housing, and at 6-storeys, would’ve also been taller than most proposals under existing zoning in Kerrisdale.

Here is what was proposed:

2095 West 43rd Ave_2

July 3, 2014by david.taylor@colliers.com
Development

Two More Towers Coming to Metrotown

Rize Alliance‘s plan for two condo towers in Metrotown will take another step forward this month. “Gold House” is a 490-unit project consisting of a 41-storey tower and a 26-storey tower over a commercial and townhouse podium.Gold House MapScreen-shot-2014-05-07-at-10.49.53-AM

The 87,505 SF site is located at the corner of Beresford Street and McKay Avenue. The total proposed density is 6.3 FAR. The unit types are mostly studios and 2 bedrooms.

The project also includes 5,181 SF of retail on the ground floor, and 19,799 SF of office space on floors 2-5.

July 2, 2014by david.taylor@colliers.com
Development

Developer Promises Cash, Not Affordable Housing

Richmond city council is set to consider another case of a developer having a change of heart on affordable housing.

Intracorp’s Hollybridge Limited Partnership had planned to construct a standalone building with 29 low-end market rental housing units as part of a multi-tower development of 586 homes in the Oval Village.

Now it’s seeking the city’s permission to pay $4.6 million into the city’s affordable housing fund instead of building affordable living units. The figure is based on the five per cent affordable housing required in exchange for a density bonus.

Intracorp’s development site, at 6888 River Rd. and 6900 Pearson Way, is near the Richmond Olympic Oval. Floor area originally intended for affordable housing would be used for market residential units and additional street-level commercial space, according to a staff report.

City staff are recommending council approve the change, and funnel the cash into an affordable housing project planned for city-owned land at 8111 Granville Ave., and scheduled for completion in spring 2016.

Read more: http://www.richmondreview.com/news/263560851.html

June 18, 2014by david.taylor@colliers.com
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