Two nearby tower sites in the Broadway Plan have sold in separate deals.

2210 West 5th Avenue

An 18,000 SF property at West 5th Avenue and Arbutus Street in Kitsilano has been acquired by Mondivan Group for $20,000,000.

The site is located at the corner of West 5th and Arbutus and is 125 ft by 120 ft and is located in a subarea of the Broadway Plan that permits a tower up to 20-storeys, and 6.50 FSR.

The purchase price equates to $171 per buildable SF at 6.50 FSR.

1960 West 7th Avenue

1960 West 7th Avenue is another 150 ft x 120 ft, 18,000 SF future tower site in Kitsilano that recently sold. This mid-block site on the South side of West 7th between Maple and Cypress Street sold for $23,000,000 to Gracorp.

Gracorp has already submitted a rezoning application for the site that proposes a 20-storey rental tower with 183 units. The purchase price equates to $196 per buildable SF based on the application.

Townline Homes has submitted a rezoning application for a site at the northeast corner of Davie Street and Cardero Street in the West End of Vancouver. The proposal for the 17,290 SF site contemplates the replacement of a 4-storey, 33-unit condo building with a 22-storey rental tower.

A previous DP application for this site was originally submitted by Townline in 2022, proposing a tower with 96 condo units and 32 social housing units. The existing RM-5D zoning allows 7.0 FSR with 5,500 SF floorplates.

Details of the proposal include:

• 198 market rental units;
• 20% below-market rental units (approximately 37 units);
• a total density of 8.0 FSR;
• 6,600 SF floorplates;
• A building height of 226 ft. with additional height for mechanical appurtenances.

This application is being considered under the West End Community Plan.

The architect for the project is Boniface Oleksiuk Politano Architects.

The site was acquired in 2018 for $45,250,000 or $326 per buildable SF based on the application.

Four lots on West King Edward Avenue have been acquired by Amica Senior Lifestyles with partner Marcon for what is expected to be a 6-storey independent living building.

The lots at 1110-1150 West King Edward Avenue are located on the South side of King Edward, two blocks West of Oak Street. The four lots combined total 38,700 SF. The total purchase price for the assembly was $28,450,000.

A rezoning application has now been submitted for the site which proposes a 6-storey seniors facility with 169 proposed units. The proposed height is 91.8 ft. and FSR is 3.08. 45 parking spaces under one level of underground parking is proposed.

Based on the application the purchase price equates to $239 per buildable SF.

The sale was brokered by London Pacific.

This is the latest in a number of land assembly acquisitions by Amica on the Westside of Vancouver, including two sold by our team.

A development application has been submitted for 1587 West 4th Avenue, near the NE corner of Fir Street. The site is one of the former CP Rail sites that was sold in 2022. The 5,645 SF site has been used for surface parking for over 20 years and is zoned C-2B, a commercial mixed use zoning that allows up to 3.5 FSR for rental development.

The current proposal is for a new 7-storey rental building that includes:

• 22 rental units;
• 2 studios, 12 one-bedrooms, 2 two-bedrooms & 6 three-bedrooms;
• a 2,300 SF animal clinic on the bottom two floors;
• a total density of 3.50 FSR;
• a building height of 72 ft.;
• 3 surface parking stalls at the rear lane.

The Granville Street bridge West 4th offramp extends over the Northern portion of the site, such that only 53% of the site is developable. As such, the application seeks a few relaxations under the zoning. Under the site’s C-2B zoning, the application is “conditional” so it may be permitted. However, it requires the decision of the Director of Planning.

The site was acquired in 2022 for $2,900,000 or $146 per buildable SF based on the application.

The architect for the project is Arno Matis.

PC Urban has submitted a rezoning application under the Broadway Plan for a two tower rental project on West 13th Avenue at Willow Street, in the Uptown South neighbourhood of the Broadway Plan. The site is located just one block South of Vancouver General Hospital.

The Eastern half of this site was assembled by our team.

The proposal is to allow for the development of two 21-storey buildings and includes:

• 354 rental units;
• 20% of the floor area secured for below market rental units;
• A 24-hour childcare facility;
• A total density of 7.40 FSR;
• A building height of 211 ft. with additional height for rooftop amenity space.

This application is being considered under the Broadway Plan.

The application is requesting additional density for the delivery of the childcare centre.

The architect for the project is Francl Architecture.