Rize Alliance Properties and Minto Group have submitted their rezoning application for a 6-lot land assembly at 5350-5430 Heather Street in the Oakridge area of Vancouver.

The plan calls for the development of two 18-storey buildings over 4-storey podiums and includes:

• 344 market rental units;
• 20% of the floor area secured for below market rental units (approximately 69 units);
• A total density of 6.28 FSR;
• A building height of 175.0 ft.; and
• 226 vehicle parking spaces and 642 bicycle parking spaces.

The application is being considered under the Cambie Corridor Plan.

The architect for the project is Dialog.

The site was acquired in January of this year for $47,300,000, or $178 per buildable SF based on the rezoning application.

Rize Alliance has submitted a rezoning application to the City of Coquitlam for a 1.78 acre site at the corner of Elmwood and Westley in the Oakdale area within the Burquitlam-Lougheed Neighbourhood Plan.

The site is an assembly of 11 single family lots that are designated High Density Apartment Residential in the OCP. It is located 500 metres from the Burquitlam Skytrain Station.

The plan for the site is to develop a 38-storey condo tower, a six-storey condo building, and two six-storey purpose-built rental buildings. Overall details include:

• 567 total residential units;
• 404 condos;
• 141 market rental units;
• 22 below-market rental units;
• a total density of 5.50 FSR;
• $12.1M in density bonus;
• $2.1M in Payment in-Lieu for Parking Reductions;
• $521, 000 in voluntary Community Amenity Contributions (CACs);
• 543 parking spaces with 458 EV parking spaces; and
• 30, 516 SF of common amenity space.

The architect for the project is GBL Architects.

Rize Alliance & Minto have acquired a 5-lot land assembly on Heather Street in the Oakridge area of Vancouver for $47,300,000.

The 42,260 SF site is located on the East side of Heather Street between West 37th and West 39th Avenues. There is no publicly available rezoning application at this stage but the Cambie Corridor Plan designates the Property for an 18-storey rental tower.