The 63-storey Trump Tower Vancouver is nearing completion. The 63-storey, 218 unit condo and 147 hotel room tower is expected to open in summer 2016.
Photo courtesy 604 City on Flickr
An existing C-2 zoned strip retail building at the corner of Oak Street and Laurier Avenue (one block North of King Edward) is proposed for redevelopment to allow a 4-storey building with retail uses on the ground floor and 11 residential units above, all over two levels of underground parking. Details for this 12,819 SF site include:
- Total density of 29,100 SF or 2.27 FSR (less than 2.5 max due to site restrictions)
- Top floor has two 2,000 SF units targeting downsizers
- Each unit gets two parking stalls
- Concrete construction with high quality interior and exterior finishes
The site was acquired by Xpec Oak Holdings Ltd. in 2014 for $7,900,000, or $271 per buildable SF based on the proposed density.
A rare 2.34 acre piece of land located at Oak Street and West 18th Avenue has sold to Wesgroup Properties for $46,200,000. The property, which contains frontage on both West 18th and most of West 19th from Laurel Street to Oak Street, is currently zoned RT-2 and is improved with 17 low-density rental apartment duplexes built in the 1950’s.
The site had been speculated for future redevelopment for some time and was only recently identified by the City as a potential rezoning location under the Cambie Corridor Phase 3 planning review given it’s current 0.75 FSR zoning and its proximity to transit. The scope or timing of a potential rezoning application remains to be seen.