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Apartment, Development, Rental

Anthem Completes Oakridge Tower Site Acquisition

Anthem Properties has completed on the purchase of a three-lot land assembly in the Oakridge Municipal Centre area of Vancouver.

The deal for the site at 5630-5688 Heather Street was originally started in 2022 and since late 2023 has been under a rezoning application for an 18-storey, 184 unit rental tower. The application was referred to public hearing on July 9, 2024.

5630-5668 Heather Street – Proposed Mixed-Use Rental Housing Development from BHA Architecture on Vimeo.

The purchase price for the site was $23,550,000, or $175 per buildable SF based on the application density.

July 17, 2024by david.taylor@colliers.com
Apartment, Development, Rental, Retail

17-Storey Rental Building Near 12th & Main Latest Broadway Plan Application

A rezoning application has been submitted by Prospero & Five Mile Holdings for a site at 245 East 12th Avenue in the Mount Pleasant area.

The 16,000 SF site is located in the ‘Mount Pleasant South Apartment Area – Area ‘A’ [MSAA] subarea of the Broadway Plan.

The proposal is to allow for the development of an 17-storey rental building with a three-storey podium and includes:

  • 146 rental units;
  • 20% below-market;
  • 4,400 SF of retail space on the ground floor;
  • A total density of 6.79 FSR; and
  • A building height of 181 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Studio One Architecture.

July 16, 2024by david.taylor@colliers.com
Condo

Latest Broadway Plan Application Envisions Condo/Social Housing Mix

Cape Group has submitted a rezoning application for a site at 320 East 2nd Avenue in the Mount Pleasant area of the Broadway Plan.

The site is located in the Mount Pleasant Centre – Area H Subarea of the Broadway Plan.

Construction had started on a previously approved 5-storey, 95-unit rental project. The partially excavated site has been on pause awaiting the new application for a tower.

The proposal for the 20,249 SF site is a 20-storey building with a 5-storey podium and includes:

  • 139 condo units
  • 26 social housing units (20% of the floor area)
  • 6,300 SF of ground floor retail space;
  • 15,000 SF of 2nd floor office space;
  • a total density of 7.00 FSR;
  • A building height of 238 ft.

This application is being considered under the Broadway Plan.

The architect for the project is Chris Dikeakos.

July 10, 2024by david.taylor@colliers.com
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