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.

A rezoning application has been submitted for the redevelopment of the Poor Italian Restaurant site at the Southwest corner of East 1st Avenue and Rupert Street in East Vancouver.

The 16,100 SF site is currently zoned CD-1 and is located within the Rupert and Renfrew Interim Rezoning Policy boundary, adopted by council in 2022. This policy allows rezonings for rental apartments in advance of the overall area plan being finalized.

The development proposal anticipates replacing the existing restaurant building with a new 6-storey mixed-use rental building with the Poor Italian Restaurant on the ground floor over 2 levels of underground parking and includes:

• 63 market rental units;
  • 16 studios, 27 one-bedrooms & 20 two-bedrooms;
• 5,700 SF of new space for Poor Italian on the ground floor;
• A total density of 3.34 FSR;
• A building height of 71 ft.; and
• 53 vehicle parking spaces and 106 bicycle spaces.

The architect for the project is Cornerstone Architecture.

The formal rezoning application by Concert Properties and Peterson Group for Langara Gardens has been released publicly.

A rezoning policy statement for the 20.8 acre site had been completed in 2018 and the full rezoning application had been anticipated since that time.

The proposal is for the redevelopment of the site with buildings between 3 and 36 storeys. The existing four 18-storey towers would be retained. The proposal includes:

• Approximately 430 social housing units;
• Approximately 760 rental units (including 85 below-market units);
• Approximately 1,430 strata units;
• 3.1 FSR total density (2.7M SF);
• A 69-space childcare facility;
• Public open spaces, Cambie Park upgrades, a new 1-acre park.

The application is being considered under the Langara Gardens Policy Statement and the Issues Report: Direction for Intensification of Large Sites to include Moderate Income Rental Housing.

The full rezoning application can be viewed here.

The architect for the project is James Cheng Architects.

The site was originally sold by Colliers to Peterson Group in 2009 for $157,000,000. Concert Properties was brought on as a 50% partner in 2015.