The owners of a site located at 3120-3184 Knight Street (at East 15th Ave) are seeking final approval at public hearing next week for a rezoning from RT-2 to CD-1 District to permit the development of a five-storey residential building with 51 market rental units.
Currently, three rental apartment buildings, built in the 1950s, exist on the site. The buildings are three storeys in height and contain a total of nine rental units. The location of the development, on an arterial street and within 500 metres of an identified local shopping area (Commercial Drive and East 16th Avenue), qualifies the site to be considered, under the policy, for a building of up to six storeys in height.
The application was made last year under the Affordable Housing Choices Interim Rezoning Policy (IRP), and in accordance with that policy, the application seeks increased height and density in return for all proposed housing units being secured as for-profit affordable rental housing for the longer of the life of the building and 60 years. The rezoning, if approved, would result in an increase of rental units on this site of over 400% — from the existing 9 units to 51 units.
Two rezoning applications went before Burnaby City Council last night for 4-storey projects in the Hastings Heights area of Burnaby:
4295 Hastings Street
Site: Currently vacant and previously a gas-station. 14,994 SF. Zoned C-8 (Urban Village Commercial District) 3.0 FAR density.
Proposed Development: 4-storey mixed-use development with retail at grade and three and a half storeys of residential above. The development proposes to take advantage of the potential C-8 framework allowing an additional storey at the rear lane.
418 Gamma Avenue
Developer: Epta Properties
Site: Currently vacant. 23,141 SF. Zoned CD from 2010 – the previous rezoning included office space which has proven difficult in the current market.
Proposed Development: 4-storey mixed-use development with retail at grade and 3 storeys of residential above. The rezoning anticipates a redesign based on RM-3 and C-2 to scrap the office component.
The Flamingo Restaurant site at 7518-7550 Cambie Street has sold for $12,500,000. The 29,500 SF site sold for $163 per buildable SF (based on an estimated achievable rezoned density of 2.6 FSR). The site will require rezoning under the Cambie Corridor Plan.
A four-storey condo project is proposed for a long-vacant site at the southeast corner of Imperial Street and Royal Oak Avenue.
The site is made up 6808 and 6826 Royal Oak Ave and 5250 Imperial St. The proposal is for a mixed-use development with ground-floor commercial space and parking underground.
Rezoning for an earlier proposal was given third reading by council in 2008 but the owner has since revised the plan, making a new process necessary.
The current proposal is for commercial on both Imperial and Royal Oak with 45 apartment units on the three upper floors.
The units will comprise 15 one-bedrooms, 10 two-bedrooms, 17 two-bedrooms-plus-den units and three three-bedrooms-plus-den units.
Read more: http://www.burnabynewsleader.com/news/247098061.html