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Development

Two More Lowrise Projects Proposed for Hastings Heights Area

Two rezoning applications went before Burnaby City Council last night for 4-storey projects in the Hastings Heights area of Burnaby:

4295 Hastings Street

4295 Hastings St.

Developer: Citimark-Omicron

Site: Currently vacant and previously a gas-station. 14,994 SF. Zoned C-8 (Urban Village Commercial District) 3.0 FAR density.

Proposed Development: 4-storey mixed-use development with retail at grade and three and a half storeys of residential above. The development proposes to take advantage of the potential C-8 framework allowing an additional storey at the rear lane.

418 Gamma Avenue

418 Gamma Avenue

Developer: Epta Properties

Site: Currently vacant. 23,141 SF. Zoned CD from 2010 – the previous rezoning included office space which has proven difficult in the current market.

Proposed Development: 4-storey mixed-use development with retail at grade and 3 storeys of residential above. The rezoning anticipates a redesign based on RM-3 and C-2 to scrap the office component.

March 25, 2014by david.taylor@colliers.com
Development

Vancouver Council Approves Oakridge Centre Rezoning

The hotly debated Oakridge Centre redevelopment rezoning was passed by city council Friday after three days of public hearings.

All Vision Vancouver councillors voted in favour of of the proposal. NPA councillors George Affleck and Elizabeth Ball and Green Party Coun. Adriane Carr voted against it.

The project will include 11 residential towers between 19 and 44-storeys in height and bring massive change to the landscape of one of Vancouver’s most central neighbourhoods.

Continued from public hearings on Monday and Tuesday, Friday’s session rounded out the bulk of the 138 speakers who appeared during the three days to voice their opinions to mayor and council. Although there was a mix of speakers in favour and opposed throughout the ongoing public hearings, a majority of speakers Friday afternoon mounted a last ditch defence against the project.

Resident Carey Murphy said the deviation from the 2007 policy for the area is too significant and said that what the proposal does to the owners of the Terraces residential complex at Oakridge Centre is “just shameful.”

Marine Gardens resident Charlene Gunn spoke on numerous issues related to the increase in density, such as the need for more schools and police and fire services.

“Oakridge and Marpole aren’t just pieces of land with investment potential, they are communities,” said Gunn.

Read more: http://www.vancourier.com/news/vancouver-council-approves-oakridge-centre-rezoning-1.899724

March 17, 2014by david.taylor@colliers.com
Development

Flamingo Restaurant Site at Cambie & 59th Sold

The Flamingo Restaurant site at 7518-7550 Cambie Street has sold for $12,500,000. The 29,500 SF site sold for $163 per buildable SF (based on an estimated achievable rezoned density of 2.6 FSR). The site will require rezoning under the Cambie Corridor Plan.flamingo

March 6, 2014by david.taylor@colliers.com
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