HAVN Developments have submitted a rezoning application under the Broadway Plan to redevelop a 4-lot land assembly at the corner of East 10th Avenue and Carolina Street in the Mount Pleasant area.

The 16,000 SF site is located immediately adjacent another recent rezoning proposal by Fastmark Development for a 19-storey, 175-unit rental tower.

The Broadway Plan only permits one tower in this block, and so the proposal requires a relaxation of that policy, as well as some minor relaxations on building setbacks. The application makes light of an ongoing issue surrounding LOE applications made by property owners in the Broadway Plan to secure tower placements. From the submission: “Due to the extraordinary volume of LOE applications, the processing period took over six months; while we were waiting for a response to our application, another project on the same block bypassed the LOE process and submitted for Rezoning. As there is a one tower limit on the block, we understand that by opting for the reccommened LOE process, 2535 Carolina has lost its position as the only tower on this block, and the opportunity to be a compliant project under the current policy is no longer possible.”

The proposal for the site at 2535 Carolina Street is to allow for the development of an 18-storey rental building that includes:

• 150 rental units with 20% below market rental units (approx. 33 units);
• 828 SF corner store;
• a total density of 5.80 FSR;
• A building height of 204 ft.; and
• 53 vehicle parking spaces and 250 bicycle spaces.

The site is located in the Broadway Plan.

The architect for the project is MCMP Architects.

PCI Developments has submitted a rezoning application for a mid-block site in the Fairview neighbourhood. The site at 1434 West 8th Avenue is located half a block East of Granville Street.

The 17,000 SF site sits just to the Northeast of their Broadway & Granville tower, now under construction.

The proposal for the West 8th site is to allow for the development of a 25-storey mixed-use building with a one-storey podium and includes:

• 162 rental units with 20% below market (approx. 32 units);
• 5,500 SF of retail space on the ground floor;
• A total density of 8.07 FSR;
• A building height of 265 ft.; and
• 93 vehicle parking spaces and 281 bicycle spaces.

This application is being considered under the Broadway Plan.

The architect for the project is MCMP.

Chard Development has applied to the City of Vancouver to revise their office project at 8 East Broadway to switch uses to rental residential.

The site is located at the southeast corner of East Broadway & Ontario Street in the ‘Broadway Shoulder Area East – Area B (MBSB)’ sub-area of the Broadway Plan.

A previous rezoning for the site was approved in 2020 for a 12-storey office building totaling 125,000 SF. Changing market conditions and the subsequent adoption of the Broadway Plan has prompted Chard to seek an alternate development scenario for the 16,100 SF site.

The new proposal is to permit a 14-storey rental residential building, including:

• 152 market rental units;
• 55 studios, 42 one-bedrooms, 38 two bedrooms & 17 three-bedrooms;
• 4,200 SF of retail space on the ground floor;
• Floorplates ranging from 7,300 to 11,700 SF;
• A total density of 7.5 FSR;
• A building height of 148 ft.;
• 74 vehicle parking spaces and 320 bicycle spaces; and
• A publicly accessible bike share station.

The Broadway Plan requires a minimum of one floor of ‘job space’ above the ground floor. The application by Chard is requesting consideration of market rental on the second floor, which is a deviation of policy.

The architect for the project is MCMP Architects.

The site was acquired in 2021 for $42,000,000, or $336 per buildable SF based on the revised application.

Greystar Developments has completed on the sale of a 30,300 SF site at the Southeast corner of Burrard and West 12th Avenue for a purchase price of $41.1 Million.

The site at 1770 West 12th Avenue, listed and sold by Hart Buck and Jennifer Darling of Colliers was a 41-unit lowrise strata built in the 1970’s.

The site is designated in the Broadway Plan for higher density development up to 20-storeys and 6.50 FSR. The purchase price equates to $208 per buildable SF based on the 6.50 FSR density. No rezoning applications have yet been made public.

Fastmark Development have closed on the acquisition of 523-549 East 10th Avenue in the Mount Pleasant area of East Vancouver. The site comprises an assembly of five single family lots totaling 20,139 SF.

A rezoning application for the site was published in September calling for a 19-storey rental tower with 175 units (including 33 below market) and a daycare. The total proposed density is 6.0 FSR. The application is being considered under the Broadway Plan.

The sale price was $17,500,000, or $145 per buildable SF based on the rezoning applicaiton.

The site was listed and sold by Avison Young.