A rezoning application has been submitted to the City of Vancouver for a new rental development at the corner of Macdonald and West 16th on the Westside of Vancouver.

The existing property is located on a 7,541 SF site at 3215 McDonald Street and is improved with a one level Remax Crest Realty office.

The proposal is to allow for the development of a 5-storey mixed-use building over one level of underground parking and includes:

• 22 market rental units;
  • 5 studios, 8 one-bedrooms, 8 two-bedrooms & 1 three-bedroom;
• 2,800 SF of retail space;
• A density of 2.72 FSR; and
• A building height of 55 ft.
• 10 parking stalls.

This application is being considered under the Secured Rental Policy.

The architect for the project is Proscenium Architecture and Interiors Inc.

Strand has completed on the acquisition of a lowrise rental site on Vancouver’s Westside. The site is a two-lot single family assembly totaling 26,300 SF at 6065-6075 Collingwood Place, near the intersection of Dunbar and SW Marine Drive.

Strand passed public hearing in November on a rezoning proposal under the Secured Rental Policy (“SRP”) to allow a 5-storey, 34-unit rental building.

Under the SRP, the site is located on an eligible arterial road and is able to rezone under the RR-2A (four-storey), RR-2B (five-storey) and RR-2C (six-storey with 20% of residential floor area secured as below-market rental units) zones. Out of the eligible options, Strand chose to rezone to RR-2B which permits rental units up to five-storeys in height and 2.20 FSR.

The $14,170,000 purchase price equates to $225/buildable SF based on the approved rezoning application.

Sightline Properties has submitted a rezoning application for a site in the South Granville area for a new rental residential project.

The site at 1726 West 11th Avenue is 31,250 SF and located at the corner of 11th Avenue and Pine Street.

The proposal is to allow for the development of 20-storey and 19-storey rental towers over a four-storey podium and includes:

• 283 rental units;
• 20% of the floor area secured for below market rental units (approximately 57 units);
• retail space on the ground floor;
• A density of 6.80 FSR;
• A building height of 208 ft.
• 216 undeground parking stalls.

This application is being considered under the Broadway Plan.

The architect for the project is Ciccozzi Architecture.