Cambie Corridor Updates - Page 82

jollyburger · #**1621** Posted **Apr 25, 2025, 2:06 AM**

Quote:

All four corner sites at the prominent intersection of Cambie Street and W 41st Avenue in Vancouver are now set for redevelopment as the last of the four was recently acquired by Vancouver-based real estate developer Polygon Homes.

The site that was recently sold is 5655 Cambie Street, the northwest corner site. The property is currently occupied by a three-storey office building known as Oakridge Place that was constructed in 1962, and a surface parking lot. The building's major tenant is TD Bank.

Earlier this month, Frances Wu and Lee Blanchard of commercial real estate brokerage Cushman & Wakefield announced that they had secured a firm deal for the property. They did not disclose the purchaser, but industry sources have confirmed to STOREYS that the purchaser was Polygon Homes.

The purchase price was not disclosed. BC Assessment values the property — in an assessment dated back to July 1, 2024 — at $49,438,200, but the sale price was likely higher than that given the prominent location and development potential. Polygon is planning a 27-storey tower with 172 strata units.

https://storeys.com/polygon-5655-cambie-vancouver-acquisition/

jollyburger · #**1622** Posted **Apr 25, 2025, 10:27 PM**

Old Coromandel site. Some nice infill from GBL

Quote:

6012-6088 Cambie St rezoning application

The City of Vancouver has received an application to rezone the subject site from RT-2 (Residential) District to CD-1 (Comprehensive Development) District. The proposal is to allow for the development of a 25-storey residential and a 15-storey hotel building with a three-storey podium and includes:

126 strata residential units;
94 hotel spaces;
Commercial space on the ground floor;
Non-profit organization space, including office and related programming space;
A floor space ratio (FSR) of 8.65; and
A building height of 84.2 m (276 ft.).

https://www.shapeyourcity.ca/6012-6088-cambie-st

officedweller · #**1623** Posted **Apr 25, 2025, 10:47 PM**

Quote:

Originally Posted by jollyburger

Old Coromandel site. Some nice infill from GBL

https://www.shapeyourcity.ca/6012-6088-cambie-st

Nicer materials on this one than he one at 41st.

https://rezoning.vancouver.ca/applications/6012-cambie-st/application-booklet.pdf#page=25

officedweller · #**1624** Posted **Apr 25, 2025, 11:01 PM**

double post

whatnext · #**1625** Posted **Apr 30, 2025, 4:52 PM**

Landmark Premiere Properties has three Cambie projects going into insolvency according to Storeys. Previously their ShawnOaks project went tits-up.

Landmark Premiere Properties Facing Second Insolvency In Vancouver
This latest insolvency for Landmark Premiere Properties is pertaining to three parcels right across the street from Oakridge Park in Vancouver.
Howard Chai
April 29, 2025

Vancouver-based real estate developer Landmark Premiere Properties is the subject of a second insolvency proceeding that was initiated earlier this month, according to filings in the Supreme Court of British Columbia obtained by STOREYS.

The subject properties are 745 W 41st Avenue, 715 W 41st Avenue, and 5693 Heather Street in Vancouver. The parcels are three of the five parcels that make up the block between Baillie Street and Heather Street along W 41st Avenue, right across the street from Oakridge Park.

Notably, the three parcels are separated by two other parcels — 733 and 725 W 41st Avenue — that are not subject to the insolvency proceeding and it is unclear if the two remainder parcels are owned by Landmark Premiere Properties...

...The guarantors of the loan was Landmark Premiere Properties Ltd. and Yuxia Sun, also known as Helen Chan Sun, the CEO of Landmark Premiere Properties.

The maturity date was later extended to May 1, 2025, but the borrowers are currently in default of the loan, although the exact reason was not detailed in court documents. According to the lenders, they made a demand for payment on March 7, but the borrowers have still been unable to pay the outstanding amount, prompting the lenders to initiate the proceedings...

https://storeys.com/landmark-premiere-properties-oakridge-heather-vancouver/

Changing City · #**1626** Posted **Apr 30, 2025, 4:57 PM**

Quote:

Originally Posted by whatnext

Landmark Premiere Properties has three Cambie projects going into insolvency according to Storeys. Previously their ShawnOaks project went tits-up.

Landmark Premiere Properties Facing Second Insolvency In Vancouver
This latest insolvency for Landmark Premiere Properties is pertaining to three parcels right across the street from Oakridge Park in Vancouver.
Howard Chai
April 29, 2025

Vancouver-based real estate developer Landmark Premiere Properties is the subject of a second insolvency proceeding that was initiated earlier this month, according to filings in the Supreme Court of British Columbia obtained by STOREYS.

The subject properties are 745 W 41st Avenue, 715 W 41st Avenue, and 5693 Heather Street in Vancouver. The parcels are three of the five parcels that make up the block between Baillie Street and Heather Street along W 41st Avenue, right across the street from Oakridge Park.

Notably, the three parcels are separated by two other parcels — 733 and 725 W 41st Avenue — that are not subject to the insolvency proceeding and it is unclear if the two remainder parcels are owned by Landmark Premiere Properties...

...The guarantors of the loan was Landmark Premiere Properties Ltd. and Yuxia Sun, also known as Helen Chan Sun, the CEO of Landmark Premiere Properties.

The maturity date was later extended to May 1, 2025, but the borrowers are currently in default of the loan, although the exact reason was not detailed in court documents. According to the lenders, they made a demand for payment on March 7, but the borrowers have still been unable to pay the outstanding amount, prompting the lenders to initiate the proceedings...

https://storeys.com/landmark-premiere-properties-oakridge-heather-vancouver/

Not three projects - three properties. They're each single family homes. While they could theoretically be developed individually, it's obviously an attempted land assembly that hasn't been completed.

whatnext · #**1627** Posted **Apr 30, 2025, 6:18 PM**

Quote:

Originally Posted by Changing City

Not three projects - three properties. They're each single family homes. While they could theoretically be developed individually, it's obviously an attempted land assembly that hasn't been completed.

I see.

I'm assuming the ShawnOaks site hasn't sold yet as up the CBRE listing is still up. I wonder if it is still occupied?

officedweller · #**1628** Posted **May 1, 2025, 11:18 PM**

Dogwood Pearson Lands

Pic by a friend April 24th.

Claridge House (South Tower)

Pic by a friend today:

jollyburger · #**1629** Posted **May 18, 2025, 10:59 PM**

Quote:

Originally Posted by officedweller

From the Hive - Chevron site at Cambie & 16th.
Sustainabilility with deep balcony setbacks and small-ish windows.

Artistic rendering of 3220 Cambie Street, Vancouver. (Olson Kundig Architects / IBI Group / Wesgroup)
https://dailyhive.com/vancouver/3220-cambie-street-vancouver-chevron-west-16th-avenue

Drone footage of the crane going up a few weeks ago

https://www.instagram.com/p/DJDJHbhTQVj/

jollyburger · #**1630** Posted **May 22, 2025, 10:47 PM**

Nice infill. Boniface Oleksiuk Politano Architects

Quote:

282 W 49th Ave (DP-2025-00336) development application

Musqueam Capital Corporation, the economic development arm of the xʷməθkʷəy̓əm (Musqueam Indian Band), in partnership with YMCA BC and Townline, has applied to the City of Vancouver for permission to develop this site with a three building mixed-use complex of 8, 32, and 37-storey heights. This proposal includes:

A community centre and daycare replacing the existing YMCA
306 secured market rental dwelling units
291 strata dwelling units
88 social housing dwelling units
Retail at grade
A floor space ratio of 6.78
An approximate maximum height of 196.7 m (645.4 ft.)
Three levels of underground parking, accessed from Alberta Street

https://www.shapeyourcity.ca/282-w-49th-ave-2

jollyburger · #**1631** Posted **May 25, 2025, 12:11 AM**

I don't think this was posted but Nicola Wealth wants to add a few floors to their Cambie Corridor development at West 41st

Quote:

325 W 41st Ave - Application recently submitted. Staff preparing notification- This proposal is a rezoning text amendment for CD-1 (893). The proposal is adding three additional storeys. The proposal includes the following: 1) increase in FSR from 5.42 to 6.75 2) increase height from 36 m (118 ft.) to 44.8 m (147 ft.) The additional floor area is approximately 3636 sq. m. (39,140 sq. ft.)

https://plposweb.vancouver.ca/Public/Default.aspx?PossePresentation=Guest&PosseObjectId=264127745

https://www.shapeyourcity.ca/325-343-w-41-ave

madog222 · #**1632** Posted **Jun 12, 2025, 4:19 PM**

37 storey tower adjacent to the new Ashley Mar towers.

Quote:

8427-8483 Cambie Street - To rezone from RT-2 to CD-1 under the Marpole Community Plan to allow for the development of a 37-storey mixed use residential building with commercial at grade. The proposal includes 330 strata residential units and 55 social housing units. A FSR of 7.73 and building height of 117 m (384 ft.) are proposed.

https://plposweb.vancouver.ca/Public/Default.aspx?PossePresentation=Guest&PosseObjectId=265207165

Vin · #**1633** Posted **Jun 12, 2025, 5:02 PM**

Quote:

Originally Posted by vanman

Bland and uninspired for sure and a lost oppurtunity for a prominent intersection.

You're right: a real lost of opportunity for that intersection.

Luckily, the more recent proposals are easier on the eyes.

BaddieB · #**1634** Posted **Jun 12, 2025, 5:07 PM**

Quote:

Originally Posted by jollyburger

Drone footage of the crane going up a few weeks ago

https://www.instagram.com/p/DJDJHbhTQVj/

This feels like such a missed opportunity to dig for a 16th Street Station.

logan5 · #**1635** Posted **Jun 12, 2025, 6:17 PM**

Quote:

Originally Posted by jollyburger

Drone footage of the crane going up a few weeks ago

https://www.instagram.com/p/DJDJHbhTQVj/

Surprised this wasn’t changed to rental. They Probly could have gotten more density through another policy. That lot has been vacant a long time, so good that something is being built.

madog222 · #**1636** Posted **Jun 12, 2025, 6:23 PM**

Quote:

Originally Posted by BaddieB

This feels like such a missed opportunity to dig for a 16th Street Station.

That’s not an option, never going to happen.

BaddieB · #**1637** Posted **Jun 12, 2025, 6:40 PM**

it's not an option because...it's just not an option okay

Migrant_Coconut · #**1638** Posted **Jun 12, 2025, 7:19 PM**

Bedrock, elevation, and the fact that even the original planners skipped 16th; there's future infill stations at 33rd, 57th and Capstan, end of story.

BaddieB · #**1639** Posted **Jun 12, 2025, 7:49 PM**

Bedrock? If they can dig a hole for a foundation they can stick a station in there.

For the grade, I understand there is a 2.7% incline from Broadway to King Edward, but isn't Olympic Village also quite inclined?

As for 33nd and 57th, once all areas are built up, 16th would still have more density. If 33nd and 57th need them because of a mile distance in between with development going up, the same can be said for 16th.

I don't know what's with the thought-terminating cliches

WarrenC12 · #**1640** Posted **Jun 12, 2025, 8:13 PM**

Quote:

Originally Posted by BaddieB

I don't know what's with the thought-terminating cliches

The track in that area isn't pre-planned for station like the others mentioned.

Sure, it's possible to build a station there. We could also build one in the middle of the Expo line bridge between New West and Surrey.

It would be very expensive and involve a lot of service disruptions.