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Development

Robson Street Site Sells in $79.5 Million Deal

A 17,263 SF site at the Northeast corner of Robson Street and Cardero Street has sold to Vivagrand Developments for a purchase price of $79,500,000. The site is designated within the West End Community Plan to allow a density for a highrise, up to a total density 8.75 FSR.

The site, formerly occupied in part by Blockbuster Video, sits directly South across the lane from Westbank’s project at 1550 Alberni.

One of the current retail tenants in the property was featured today in a CBC in a story regarding skyrocketing property taxes.

November 28, 2017by david.taylor@colliers.com
Development

30-Storey Tower Proposed for West End Corner Site

A partnership between Strand Development and Intracorp has submitted a rezoning application for a 17,292 SF site at 1068-1080 Burnaby Street and 1318 Thurlow Street. The site is currently zoned RM-5A but has been redesignated within the West End Community Plan for higher density. The rezoning designation requires that 25% of the gross floor area is social housing. The site is currently improved with two older lowrise apartment buildings and a 12-unit strata building.

Our team sold this site just a few months ago.

1318 Thurlow_1

The proposal is for a 30-storey residential tower that includes:

  • 82 market residential units;
  • 39 social housing units;
  • 3 studios, 21 one-bedrooms, 71 two-bedrooms, 24 three-beds and 2 four-beds;
  • a total density of 8.94 FSR;
  • a building height of 290 ft.; and
  • four levels of underground parking with 176 vehicle parking stalls and 160 bicycle parking spaces.

1318 Thurlow_2 1318 Thurlow_3 The building height and overall density (including social housing) was required to be reduced in order to accommodate an obscure urban design guideline that restricts any shadows from being cast onto the North Davie Street sidewalk at 4pm on the equinox dates.1318 Thurlow_4

The application is being considered under the West End Community Plan. The application describes the design rationale of the market housing component:

“The market housing component of the tower has been planned with large , spacious floor plans that provide generous and functional living spaces. All family oriented homes are anchored at one of the four corners of the tower by a large outdoor covered terrace; this outdoor space becomes the focal point of the living spaces within and maximizes access to natural light, outdoor living opportunities , and cross -ventilated air. Homes of this nature will fill the needs of families, urban professionals and downsizers equally well, and will help to foster an integrated community of unique, liveable homes.”

The architect for the project is NSDA Architects.

October 12, 2017by david.taylor@colliers.com
Apartment, Development

1444 Alberni Project to Include 443 Units in Two Towers

The formal rezoning application for 1444 Alberni Street and 740 Nicola Street has been released to the public. The project, revealed in the Vancouver Sun yesterday as the world’s tallest passive-house towers, will now go through the formal rezoning process with the City of Vancouver. The project is a partnership between Asia Standard and Landa Global, who acquired the site in 2016.

The site comprises a whole city block totaling 43,282 SF. The site currently contains rental units that will be retained.

The proposal is for two residential towers with:

  • 314 market residential units; 
  • 129 market rental units; 
  • a total of 443 units; 
  • 34 studios, 167 one-beds, 188 two-beds, 34 three-beds & 20 four-beds
  • a total density of 14.95 FSR;
  • six levels of underground parking with 484 vehicle parking stalls and 562 Class A bicycle parking spaces;
  • building heights of 442.0 ft. (East Tower) and 405.0 ft (West Tower);
  • a 56 space City owned childcare facility on Level 7; and
  • closure of Nicola Street between Alberni Street and the lane to create a new City park.

1444 Alberni1444 Alberni_11444 Alberni_4 1444 Alberni_2 1444 Alberni_3

Typical tower floor plan

Typical tower floor plan

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

The design for the project is by MCMP in conjunction with Robert A.M. Stern Architects.

The site was sold in Apirl 2016 for $170.1 Million, or $263 per gross SF based upon the rezoning application.  

October 4, 2017by david.taylor@colliers.com
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