Minglian Group has applied to the City of Vancouver for permission to develop a 12,499 SF, C-3A zoned site at the Southwest corner of West Broadway and Spruce Street with a 10 storey mixed use building. The proposal includes the following:
- 37 market residential units;
- 3,000 SF of retail on the ground floor
- 2,600 SF of office space on the 2nd floor;
- A building height of approximately 120 ft;
- A total density of 3.29 FSR;
- 50 underground parking spaces accessed from the lane with 4 parking spaces at grade directly off the lane.
Under the site’s existing C3-A zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Development Permit Board.
The application describes the design rationale: “The compact footprint of the site and the surrounding environmental variables were the basis for the design approach. The north elevation provides great views of downtown and the north shore while the south looks over lower density development with good sun exposure. The east and west frontages are better suited for more solid wall, helping to mitigate overlook to adjacent towers and deflect ing noise from heavy traffic travelling east and west on Broadway. These factors led to a very slim tower that expresses a strong contrast between the north / south and east / west elevations. The north and south are expressed much more openly with large balconies while the east and west incorporate much more solid wall. The tower is split into two narrower volumes to emphasize the slenderness, provide privacy between units, and buffer the east / west traffic on Broadway. Balconies on the south east and south west corners also project out to give the units on these corners both southern and northern views.”
The architect for the project is GBL Architects.
The detailed development application can be found here: http://development.vancouver.ca/2501spruce/index.htm
The site was acquired in January 2017 for $19,000,000, or $463 per buildable SF.
A rezoning application has been submitted for a 90 x 110 ft, C-3A zoned site at 521-525 West 8th Avenue, just west of Cambie Street (across from Whole Foods). The site is currently comprised of two single-storey retail buildings, one of which is now vacant.
The proposal calls for a nine-storey office building with retail, and includes:
- 60,300 SF of office space
- 2,000 SF of retail space
- Office floorplates ranging from 6,400 to 9,015 SF
- A total density 6.91;
- A building height of 111 ft.;
- 88 parking spaces on 3 1/2 underground levels; and
- 35 bicycle parking spaces
Typical Tower Floorplan
This application is being considered under the Metropolitan Core Jobs and Economy Land Use Plan. The “Metro Core” plan policy has been in place now for almost ten years. The primary purpose the plan was to facilitate rezoning for commercial development, either by restricting residential use, or by allowing greater density for office uses. The site falls within the “Broadway Corridor Choice-of-Use Areas” which allow for increased commercial density by virtue of proximity to transit.
The architect for the project is Musson Cattell Mackey Partnership.
This application is the latest in a recent trend of rezoning applications for office buildings on sites under 10,000 SF which traditionally would’ve been viewed as too small to accommodate larger floorplates and parking requirements.
1867 West Broadway, a 3-storey B Class concrete office building more commonly known as The CGA Building, has sold for $16,125,000. The 31,000 SF building was owned by the Certified General Accountants Association of B.C., who will vacate it’s 26,000 SF this summer. The site the building is located on is 13,402 SF and is zoned C-3A. The property was listed for sale in late 2014 with no asking price.
The 2nd floor of the building is currently listed for lease at $22.00 per SF.
The purchaser was Austeville Properties who owns the adjacent commercial building. This appears to be a long-term strategic investment as opposed to any kind of redevelopment deal.
The building at 1424 West Broadway, better known at the Joeys Broadway location, has sold for $14,300,000. It had been marketed for sale by Colliers in the summer and received multiple offers.
The property is leased to Joey Broadway and generates an income of $228,000. The site area is 15,265 SF and the zoning is C-3A. The buyer was a local investor.
The City of Vancouver should consider building a new transit line along Broadway in phases, while restricting high density to the busy commercial core to preserve the city’s character in the neighbourhoods along the route, according to a new report.
Issued by the Urban Land Institute’s Governor’s Advisory Panel, the report suggests the public should also be consulted, noting Vancouver “did not balance zoning changes with economic potential and community livability” when it built other mass transit projects — specifically the SkyTrain ahead of Expo 86 and the Canada Line for the 2010 Winter Olympics.
“Invariably, stakeholders perceived that neighbourhood impacts were overlooked or under-represented in order to fast-track major transportation projects. ‘Blanket up-zones’ were applied at transit hubs, leading to rampant speculation and dislocation of residents and businesses,” said the panel, which included experts from across North America.
“Although the panel recognizes that the market may ultimately dictate a lot of development decisions that accompany the growth in population and the increased opportunities that a mass transit line brings, it also recognizes that the local neighbourhoods and districts give Vancouver much of its charm.
Read more: http://www.vancouversun.com/sports/Advisory+report+suggests+building+Broadway+transit+line/10027082/story.html
The Goldilocks Bakery property at the Southwest corner of West Broadway and Fir has sold for $4,350,000. The 6,250 SF site was listed for sale for $4,500,000. The Bakery does not have a lease and will likely vacate.