OliverO

Review of City of Vancouver View Cone Policy

Vancouver city councilors have unanimously approved a motion calling for a review of the city’s protected “view cones,” which have restricted developments in many parts of Vancouver and helped exacerbate the housing crisis. There are 26 view cones that cross over Vancouver’s central areas of the downtown Vancouver peninsula and the Central Broadway area, as …

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New Rezoning Application – 523-549 E 10th Avenue

Fastmark Acquisitions has submitted a new rezoning application for a 5-lot assembly at 523-549 East 10th Avenue, near the intersection of Broadway and Fraser Street. The project is set to offer a total of 175 secured purpose-built rental homes, including 33 units designated as below-market-rate and 142 units at market rental prices. The unit mix …

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1395 West Broadway – Revised Rezoning Application

A revised rezoning application has been submitted for 1395 West Broadway. The new application seeks an increased in density from 8.65 FSR to 9.0 FSR as well as an increase in height from 300′ to 319′. The project will seek to add approximately 280,000 SF of new office space. Vancouver’s Q2 office vacancy rate stands …

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New Rezoning Application – 2096 W Broadway (Broadway & Arbutus)

A new rezoning application has been received for 2096 West Broadway & 2560-2576 Arbutus Street. This project is a Joint Venture between developer PCI and Translink. Translink had previously acquired the former Fletchers drycleaning property at 2096 West Broadway. PCI acquired 2560 and a proposal was submitted to close the lane and combine the sites …

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Translink To Partner with PCI for 30 Storey Tower

Translink has announced that it plans on partnering with developer PCI to build a 30 storey rental tower across the street from the Arbutus Street Broadway Line Station. This would be Translink’s first example of building its own transit oriented development, which will provide additional income streams. This model has existed for decades in advanced …

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Broadway Plan Implementation Report To Be Presented March 29

City staff are set to present a report to City Council on March 29th that will provide updates on the implementation of the Broadway Plan to date, as well as some policy recommendations. Key items of the presentation will include: – A report back on a “pace of change” approach to manage redevelopment impacts on …

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New Rezoning Application for 130 West Broadway (former MEC retail store)

Our team completed the sale transaction for 130 West Broadway. After over 7 years in the planning stages, Reliance Properties and Quaderal have formally applied for a rezoning at 130 West Broadway (former MEC store). The massive new project will feature 2 residential rental towers above a large commercial podium with stores, a gym and …

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Major “Breakthrough” in Broadway Subway Construction

According to the Ministry of Transportation and Infrastructure, tunnel boring that began last fall has just broken through the future Mount Pleasant Station. It is estimated that the boring machines will take approximately one year to dig from the Great Northern Way – Emily Carr Station all the way to the future Arbutus Street Station. …

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Office Vacancy Leading to Flight to Quality

Covid, remote work, layoffs and a looming recession are causing increasing office vacancy in major markets across North America. In addition, increasing interest rates and tech industry headwinds are causing major office users to step back, reducing, or eliminating parts of their office footprints. As new buildings from the previous cycle get completed, there is …

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