General Vancouver Development Updates II

[officedweller]

546 West 13th Avenue
Soroptimist International of Vancouver

Pics by a friend of mine today.






PURPOSE DRIVEN DEVELOPMENT — Soroptimist International of Vancouver, a women-focused organization,
intends to build a 13-storey concrete tower with 135 units on a 14,500-square-foot lot
it owns at West 13th Avenue and Cambie Street.
https://canada.constructconnect.com/...omen-for-women

[jollyburger]

The recent completion in South Vancouver of one of the city’s biggest purpose-built rental projects comes at a time when prospective tenants have more options — and bargaining power — than they’ve had in years.

But developers warn the glut of rental units and softening of rental prices in the city could be short-lived.

The Signal project, built by Intracorp Homes and Oxford Properties, consists of 27- and 32-storey towers, with more than 500 units at the south end of the Cambie Street corridor next to the Marine Drive Canada Line Station.

Evan Allegretto, president for B.C. at Intracorp Homes, said they’re being aggressive to attract renters at the right price.

https://vancouversun.com/news/vancou...eeking-tenants

[Tysonbrown]

Could the old Bay at Georgia and Granville be renovated as a hotel and shops? Is that realistic?

[whatnext]

Originally Posted by jollyburger

https://vancouversun.com/news/vancou...eeking-tenants

It will be interesting to see how quickly it rents out. When is 1477 Broadway ready for occupancy?

[Spr0ckets]

Originally Posted by Tysonbrown

Could the old Bay at Georgia and Granville be renovated as a hotel and shops? Is that realistic?

I wouldn't say it's unrealistic.

If it were some combination of hotel, retail and 'some' office, it would certainly stand a better chance of being realized than the previous proposal of several stories of office added to the top of the existing structure, ala The Post just down the street.

[LeftCoaster]

Hotel would be very difficult. The floor plates are simply massive, there is so much internal space that would be tough to program.

[Spr0ckets]

Originally Posted by LeftCoaster

Hotel would be very difficult. The floor plates are simply massive, there is so much internal space that would be tough to program.

Yeah, when I say 'hotel' I'm wasn't meaning the entire massing above the ground level or anything like that.

Even entire floors would be tricky to program as just hotel.


I think going forward they'd have to seriously diversify the program as much as they can get away with, which is why I also mentioned some office space as well (....probably more than they'd like).

Probably much more retail than just the ground/street level floors.
Multi-level retail tenants that could take advantage of large spaces - much like you have at the Post with Citimarket, and as is rumoured for one or two of the major tenants for the old Nortstrom space next door, would also be ideal.
But there are not a whole lot of those around - especially when you're trying to replace exactly that sort of retail occupant.

I believe the design proposal for the office expansion envisioned creating an internal atrium with a lightwell of sorts to bring in some daylight into the middle portion while breaking up, or breaking through those large floorplate spaces, and presumably making them easier to program and lease out.

I'm not sure if there's any appetite (or.... $$$$) to do anything like that without a full scale renovation of the entire building.

[hollywoodnorth]

https://liveatwest57.com/

looks like ONNI is ... FINALLLLLY moving ahead on the next phase of the always delayed and slow Cambie gardens project with a website up.

not sure if the renders here are still current for Phase 2 >> https://casslao.com/en/presale/cambie-gardens-phase-2

https://www.bccondosandhomes.com/bui...50-west-57-ave

[jollyburger]

February walkthrough of the sales centre

• Video Link

[officedweller]

Alpen Club
Victoria & East 33rd Ave.

Crane was erected in April:

https://www.instagram.com/p/DIOx0DJJf-8/?hl=en

[jollyburger]

Same block as Westbank's new Joyce tower

4975-4997 Joyce St (DP-2025-00390) development application

Sightline Properties Ltd., has applied to the City of Vancouver for permission to develop a thirty-eight (38) storey, mixed-use residential building, consisting of:

404 secured market rental units with 10% of dwelling unit area for below market rentals
Retail at grade
A proposed floor space ratio (FSR) of 18.9 (261,534 ft2)
An approximate height of 229.31 m (752.3 ft.)
Five levels of underground parking with vehicular access from the lane

https://www.shapeyourcity.ca/4975-joyce-st

[Feathered Friend]

Oops, I see the Marine Gardens 2 Posse application was already posted in the Cambie Corridor thread.

[madog222]

Another PCI TOD tower proposal, this one beside Kootenay Loop, replacing their previously planned 6 storey building which had an issued DP.

3553-3569 E Hastings - Application recently submitted. Staff preparing notification - To rezone from C-2C1 to CD-1 to allow for the development of an 18-storey mixed-use rental building over a four-storey podium with ground floor commercial and 178 units above under the Transit-Oriented Areas Rezoning Policy. An FSR of 8.45 and a building height of 59.7 m (156 ft.) are proposed.

https://plposweb.vancouver.ca/Public...ctId=266273308

[logan5]

Originally Posted by madog222

Another PCI TOD tower proposal, this one beside Kootenay Loop, replacing their previously planned 6 storey building which had an issued DP.


https://plposweb.vancouver.ca/Public...ctId=266273308

Would you say rezoning and or BP applications have slowed down considerably?

[jollyburger]

PCI's Tim Grant talk at Vancouver Real Estate Forum

How PCI balances family ownership with professional partnerships
The strategic advantages of focusing on transit-oriented, mixed-use developments
Why PCI maintains optimism in office development despite market headwinds
How to successfully manage condo closings with 20-25% deposits in a shifting market
The framework for making rental development feasible despite market challenges
Why professional management and amenities are crucial differentiators
The importance of maintaining high-quality specifications in rental properties
How legacy experience through multiple market cycles informs current development
The strategy behind building and maintaining a 4,000-unit rental portfolio
Why calculated risk-taking and continuous development activity can position companies for long-term success

https://commercialrealestatepodcast....-developments/

Some other talks Rennie, Oxford, GWL

https://www.youtube.com/playlist?lis...8T5t4QIQFOuuz3

[Feathered Friend]

Originally Posted by logan5

Would you say rezoning and or BP applications have slowed down considerably?

You can find every rezoning application submitted since 2015-2024, as well as follow their progress through the DP, BP, and construction process through the pages linked here.

https://cityduo.wordpress.com/develo...gress-reports/

TLDR, there was a record amount of rezonings proposed in 2024 (94), that almost doubled what was submitted in 2015 (50). This year has already seen 44 proposals, but there has been a slow down in applications under the Secured Rental Policy, and for multiplexes.

[logan5]

*DP.

Just wondering because there’s all this doom and gloom about the state of the condo/apt industry. Seems like we are still getting a steady stream of applications.

[mcj]

Originally Posted by logan5

*DP.

Just wondering because there’s all this doom and gloom about the state of the condo/apt industry. Seems like we are still getting a steady stream of applications.

Isn't the lending environment more relaxed still for PBR? Also with PBR you don't need to do presales, which is really where the doom and gloom is. PBR allows developers to bet that the market will rebound over the next ~5 years while the project goes through the regulatory hoops and gets built.

[hollywoodnorth]

Originally Posted by madog222

Another PCI TOD tower proposal, this one beside Kootenay Loop, replacing their previously planned 6 storey building which had an issued DP.


https://plposweb.vancouver.ca/Public...ctId=266273308

Wow 4 floors taller than their 14 story rentals they just built half a block up.

great stuff!

[Feathered Friend]

https://plposweb.vancouver.ca/Public...ctId=269014288

Break out your accordions boys & girls, another “mega-tower” has been proposed at the southeast corner of E Broadway & Commercial Dr. With 223 rental homes, it also offers to lease 2 floors to the city for community services next to the SkyTrain station

https://x.com/City_Duo/status/1943849665734357221