The Broadway Draft Plan was released March 1, 2022, after several years of delay due to various factors including Covid. There is a lot to digest in the Draft Plan and it is exciting to see all the new possibilities. While the plan may not satisfy all citizens and stakeholders, it is certainly a bold …
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 …
BROADWAY PLAN Phase 3 – Refined Directions Engagement Summary Released Read More »
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 …
Biggest Deal of 2021 – Transit Site next to Marine Dr. Canada Line Station Read More »
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 …
Housing Minister David Eby Weighs in on Broadway Plan Read More »
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 …
Happy New Year From the Broadway Plan Real Estate Solutions Team Read More »
Aspen – a 145 unit rental building on Main Street between East 6th and East 7th Avenue, has recently been completed and is currently available for rent. The City of Vancouver owned site was leased (land lease) to Catalyst Developments for a period of 60 years for an estimated $16.85 million (according to the federal …
Aspen – 188 East 6th Avenue – Affordable Rental Building Completed Read More »
The former City Centre Motor Hotel at 2111 Main Street has sold to Nicola Wealth. The 34,848 SF site which encompasses a full block along Main Street is located in the hear of Mt. Pleasant and has excellent redevelopment potential based on the current iteration of the Broadway Plan. Located in Area G of the …
Sold – 2111 Main Street – Vancouver City Centre Motor Hotel Sold to Nicola Wealth Read More »
Further to the recent rezoning approval of the Ashley Mar Co-op near the intersection of Marine Drive and Cambie Street (adjacent to Marine Gateway Station), Oxford Properties has made their JV partnership with Intracorp public. https://renx.ca/oxford-intracorp-jv-large-vancouver-multires-development/ Oxford Properties is the real estate arm of the Ontario Municipal Employees Retirement System (OMERS) and is committed to …
Oxford Properties in JV Partnership with Intracorp for Ashley Mar Rezoning Read More »
The public feedback period for Phase 3 – Refined Directions closed on December 3, 2021. Over the 4 week period since the release of Phase 3, the City of Vancouver Planning Department held a combination of in-person and online events. According to the COV there were over 7,200 visitors to the Broadway Plan website, over …
Broadway Plan Phase 3 Refined Directions Feedback Deadline Closed Read More »
Broadway Plan Update The Broadway Plan seeks to add over 50,000 new residents and 42,000 jobs by providing additional height and density for purpose-built rental buildings and office buildings. The Broadway Corridor is already the second largest employment center in British Columbia after the Downtown Core. All levels of government are keen to see the area …
Broadway Plan Seeks to add 50,000 New Residents and 42,000 Jobs Read More »
