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Apartment, Development, Retail

Increased Height & Density Pitched for Ashley Mar Co-Op Redevelopment

Intracorp has submitted a revised rezoning application for the Ashley Mar Co-op site 8460 Ash Street in the Marpole area of Vancouver.

Their original rezoning application from 2019 envisioned three towers at 15, 24, 27 storeys and included 457 rental units.

The new application proposes increased tower heights, density and more units in exchange for increased setbacks along Ash Street to allow for improved tree retention. The proposal now includes:

  • Three towers at 16, 27 and 31 storeys;
  • 1-for-1 replacement of the existing 54 Ashley Mar Housing Co-operative units;
  • 71 additional non-market housing units;
  • 524 secured market rental units;
  • 1 commercial-retail unit;
  • A total density of 8.21 FSR (up from 7.54 FSR)
  • A max building height of 304 ft. (up from 267 ft);
  • 195 vehicle parking spaces and 1,297 bicycle parking spaces.

The application is being considered under the Marpole Community Plan and the Ashley Mar Issues Report (February 11, 2020).

January 24, 2021by david.taylor@colliers.com
Development

Polygon Acquires North Van Site in $25.5M Deal

Polygon has acquired a development site in the Central Londsale area of North Vancouver in an off-market deal. The site, located at 114–132 West 15th Street is 25,200 SF in site area and is improved with two older lowrise commercial buildings. The purchase price was $25,500,000.

The site is designated for Mixed-Use Level 4B (High Density) in the City of North Vancouver’s OCP.  While no redevelopment plans are public. the rezoning potential would allow up to 4.0 FSR density, inclusive of a 1.0 FSR bonus.

November 25, 2020by david.taylor@colliers.com
Condo, Development, Retail

32-Storey Condo Tower Proposed for Joyce Street

A rezoning application has been submitted for a site at 5163-5187 Joyce St. in the Joyce-Collingwood area of East Vancouver.

The proposal is to allow for the development of a 32-storey mixed use building with commercial use at grade and a proposed public library occupying the entire 2nd floor.

The proposal includes:

  • 293 condo units;
  • 177 one-bedrooms, 87 two-bedrooms & 29 three-bedrooms;
  • 5,200 SF of retail space;
  • 15,000 SF of 2nd floor library space;
  • A total density of 13.10 FSR;
  • A building height of 309 ft.;
  • 228 vehicle parking spaces and 588 bicycle parking spaces.

The application is being considered under the Joyce-Collingwood Station Precinct Plan.

The architect for the project is J + S Architect.

The site sold in 2017 for $38,000,000, or $164 per buildable SF based on the application.

November 13, 2020by david.taylor@colliers.com
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