Fourth Tower at City of Lougheed to Include 237 Rental Units

Shape Properties has filed a rezoning application for their fourth and final tower of Phase 1 of The City of Lougheed, a massive 40-acre, 23-tower master planned site of the current/former Lougheed Mall. Phase 1 is the Southeast corner of the site, fronting North Road and Austin Road, and the first tower has sold out.

Overall City of Lougheed Site & Phase 1 Location

Tower 4 will be the shortest of the first four towers, and is located on the Northeast portion of the Phase 1 lands, which are now moving through site preparation. Details for this part of Phase 1 include:

  • a 30-storey tower
  • 237 rental apartment units
  • 23 studios, 104 one-bedrooms, 110 two-bedrooms
  • 2,777 SF of retail space at grade
  • 114 parking spaces

Interestingly, the developer plans to stratify the units, but keep them as rental with a covenant protecting them as rental for a minimum 5 years.

Phase 1 Detail

Market Update: City of Burnaby Rezoning Applications

Below is an update on the current rezoning applications currently heading to council for first reading.

6004-6018 Wilson Avenue

This 45,666 SF site in Metrotown is comprised of three properties at 6004, 6006 and 6018 Wilson Avenue, owned by Solterra Development. The site is currently comprised of three older residential buildings that are being proposed for rezoning under the Metrotown Downtown Plan for a new 36-storey highrise development with townhouses fronting Wilson Avenue. The proposed density is likely to be 5.0 FAR.

6438-6468 Mackay Avenue & 6443-6467 Silver Avenue

Intracorp is proposing a single highrise residential tower on this assembly of six lots totaling 32,438 SF. The site is designated within the Metrotown Downtown Plan for RM-4S. With a density transfer from adjacent lots at Maywood Avenue, the net proposed density is 7.1 FAR. This will be Intracorp’s eighth residential property in Burnaby.

 

4125 Hastings Street

The plan for this 8-lot, 51,8794 SF assembly of land in the Hastings Heights village area of North Burnaby is for redevelopment including a new 5-storey residential building with 3-storey ground oriented townhouses fronting Albert Street.

 

 

5977 Wilson Avenue

Another rezoning application in Metrotown for a highrise tower, this one is on Wilson Avenue, between Kingsway and Central Boulevard. The site is 54,015 SF and is comprised of two older apartment buildings totaling 63 units. The application is from Blue Sky Properties. The plan is for a 42-storey highrise tower with 3-storey townhouses fronting Wilson Avenue. The designation is RM-5S which permits a maximum density of 5.0 FAR.

6909-6949 Balmoral Street

This is a 4-lot land assembly in the Edmonds Town Centre Area being proposed for twenty-three 3-storey townhouses above one-level of underground parking based on an RM-3 designation. The proposed FAR would be in the range of 1.2-1.5.

 

 

4612-4650 Dawson Street

The plan for this 75,838 SF site in Brentwood is a highrise tower with townhouses fronting Dawson Street, retail uses and below ground parking. The rezoning will be based on RM4s in the Brentwood Town Centre Plan.

 

 

2152 & 2172 Douglas Road

This site, owned by Imani Development, is also located in the Brentwood Town Centre Development Plan and is designated RM5s, which allows a density up to 5.0 FAR. The 65,078 SF site is currently occupied by two older industrial buildings. The plan calls for a 482-foot residential tower with townhouses fronting Douglas Road.

 

8725 University Crescent

Here’s a site in the SFU Neighbourhood that is seeking approval for two new residential towers and 3-storey townhouses by Liberty Homes. This is in Phase 3 of the Univercity project. The proposal includes two terraced residential towers: one 14-storey tower and one 20-storey tower.

 


A full rundown of the reports going to council can be downloaded here: https://eagenda.burnaby.ca/sirepub/pubmtg.aspx?meetid=713&doctype=Agenda%20Packet%20–%20Compiled

SOLD: Cambie Corridor Phase 3 Townhouse Development Site

We are pleased to announce the completion of another sale in the Cambie Corridor. 404-434 West 23rd Avenue is an assembly of five single family lots expected to be rezoned for townhouse use in the forthcoming Cambie Corridor Phase 3 Plan. The total site area is 24,503 SF.

Contact us for further details.

Construction Update: Vancouver House

Here is the latest construction update on one of Vancouver’s most interesting highrise developments, Vancouver House. 

photo courtesy mcminsen  http://po.st/TnndCw via @imageshack

photo courtesy mcminsen  http://po.st/JINcvk via @imageshack

photo courtesy mcminsen http://po.st/txZMqB via @imageshack

40-Unit Building Proposed for Marpole Site

A rezoning application has been submitted for a 15,177 SF, four-lot assembly mid-block site at 8444-8480 Oak Street. The proposal is for a six-storey residential building that includes:

  • 40 condo units;
  • 19 one-bedrooms, 12 two-bedrooms & 9 three-bedrooms;
  • a total density of 2.50 FSR;
  • a building height of 65 ft.; and
  • two levels of underground parking with 56 vehicle parking spaces and 53 bicycle spaces.

The application is being considered under the Marpole Community Plan.

The architect for the project is AVRP Architecture.

The site sold in 2016 for $9,002,000, or $237 per buildable SF based on the application.

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.

87-Unit Rental Building Planned for Central Lonsdale Site

Maclean Homes has submitted an application to rezone an existing apartment property in the Central Lonsdale area of North Vancouver at the corner of Chesterfield and West 18th Street. 1730 Chesterfield is an older 3-storey 43-unit walkup apartment building on a 27,850 SF lot.

The proposal plans to rezone the Property from RM-1 to allow a new, larger 6-storey rental apartment building. The OCP allows a based density of 1.60 FSR and a bonus of 1.0 FSR and up to 6-storeys in height. Details include:

  • 87 rental apartment units;
  • 6 studios, 53 one-bedrooms, 18 two-bedrooms and 10 three-bedrooms;
  • a total density of 2.54 FSR;
  • a total building height of 54 ft.;
  • 56 parking stalls on one level of underground parking accessed from the lane;
  • a bonus density contribution of $2,885,190.


The architect for the project is Garcia Zunino Architects.