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City of Vancouver Council Approves 1477 West Broadway 9 to 2

After a marathon of presentations, questions to staff, applicants and 3 nights of public speakers, the rezoning for 1477 West Broadway has been approved. This welcomed news will help the project meet it’s development timeline in conjunction with the construction of the Broadway Line and ensure integration with the future station. Written correspondence about the …

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1477 West Broadway Rezoning Hearing Scheduled for April 14th

Following the approval of the Issues Report: Consideration of Rezoning Proposal at 1477 West Broadway (South Granville Station) in July of 2021, PCI will present their rezoning to City Council on April 14, 2022. The Issues Report was submitted with the anticipation of Council’s endorsement of the draft Broadway Plan, at the site of a …

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Draft Broadway Plan Public Consultation Now Closed

Public consultation for the Draft Broadway Plan is now closed. Between March 1st and March 22, it is reported that there were more than 6,300 visitors to the City of Vancouver’s ShapeYourCity website. Over 3,600 surveys were filled and over 300 people attended public open houses. The findings of the surveys will be analyzed over …

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Last Chance for Public Feedback – Open Until March 21st

The last chance to provide public feedback regarding the Broadway Plan is March 21st. Once the plan is approved there will be few opportunities for changes/alterations. Do not let your opinions/suggestions go unheard. Click on the link below to take the survey. We took the survey and did our part, now it’s up to you. …

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24 East Broadway & 2520 Ontario Street Resold (Flipped)

Originally sold by our team in 2017 for $19,335,000 to a local investor, the property has recently changed hands after being successfully rezoned in October of 2020 and with additional rezoning potential through the Broadway Draft Plan. The approved rezoning is summarized as below: -Floor space ratio (FSR) of 7.75 -20,284 sq. ft. of retail …

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BROADWAY PLAN Phase 3 – Refined Directions Engagement Summary Released

The Broadway Plan Phase 3 – Refined Directions Engagement Summary was just released. The latest report details key feedback that resulted from public consultation held between November 4th to December 3, 2021. These findings are a result of engagement with 3,800+ people at 19 different events seeking public feedback. While overall supportive of planning initiatives, the …

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Biggest Deal of 2021 – Transit Site next to Marine Dr. Canada Line Station

RENX has revealed the top 10 list for largest transactions in 2021. I am pleased to announce that our deal for the redevelopment of the Ashley Mar Co-op received the top place (#1) with an asset value of over $300 million. The future project will include 524 rental units in addition to 125 new co-op …

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Housing Minister David Eby Weighs in on Broadway Plan

Housing Minister David Eby proposes massive increase in housing supply to combat housing affordability in BC. When asked about levying new taxes on existing home owners to reduce demand for housing, the Housing Minister instead countered by proposing a massive increase in housing. The Minister cited “profound concern about the housing that we are not …

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Happy New Year From the Broadway Plan Real Estate Solutions Team

Happy New Year After years of delay to the Broadway Plan, it seems that 2022 will see some real progress with the actual line under construction and continued pressure on the housing supply. Planners and all levels of government are desperate/anxious to increase the number of affordable rental units as one of the key election …

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