Redevelopment Applicaiton: 396 SW Marine Drive, Vancouver

Redevelopment Applicaiton: 396 SW Marine Drive, Vancouver

  • Redevelopment Application
  • Vancouver
September 28, 2021

Developer: Mercury Properties

Site Area: 12,615 Sqft

Mercury Properties LP are pleased to submit a formal rezoning application for 396 SW Marine Drive to permit a mixed-employment redevelopment with industrial, office, daycare, and retail uses. The following application is the result of four years of work to establish an architectural design concept that addresses policy, the urban context, and the need for more employment space in South Vancouver. Our proposal has evolved with input provided in response to the May 2018 Rezoning Inquiry Submission and subsequent discussions with staff.

The proposal is divided into three primary massing components: a three-storey podium, a ten-storey east tower and a 19-storey west tower. A 24 ft mid-block connection through the site is designed to provide an attractive pedestrian mews, support pedestrian connectivity, and the use of sustainable transportation options offered by the Marine Drive Skytrain and South Vancouver Bus Loop. Active retail frontages, public/retail seating opportunities, and playful programming within the pedestrian connection are the program elements envisioned. The sustainability and landscaping considerations will incorporate green elements, such as urban gardens and green roofs. Key elements to prioritize the natural water systems are incorporated such as a bioswale along Yukon Street.

Project Statistic:

  • Commercial retail space at grade
  • 37-space childcare facility on Level 3
  • Office space and light industrial space
  • A total floor area of 63,109 sq. m (679,310 sq. ft.)
  • A floor space ratio (FSR) of 4.5
  • An east building height of 50.3 m (165 ft.) and west building height of 76.2 m (250 ft.)
  • Three levels of underground parking, including 674 vehicle spaces and 349 bicycle spaces

Yoyoe Lu

Founder and managing principal

Yoyoe is the founder and managing principal of Claridge. She was ranked one of Vancouver’s top real estate agents. Currently, Yoyoe is our strategic mind leading the team to success. Her affiliation with industry professionals put her ahead of our competitors. Yoyoe is also part of the Rotary Club of West Vancouver, Canadian Homebuilders Association, Urban Land Institute and Urban Development Institute.

Ashley Osborn

Development Site and Investment Specialist

Ashely is our lead land and investment advisor. He has been consistently featured in the annual top 100 real estate deals of British Columbia ranking. With over $15 billion worth of domestic and international real estate investments under his belt, Ashley is one of the top agents in the province. His 20 years of real estate and financial experience make him a master in negotiation and acquisition.

Patricia Wong Chong

Investment and Leasing Specialist

Patricia is our investment and retail leasing advisor. Her experience in brokerage and market research analysis has helped her comprise over $550 million in commercial real estate transactions. Patricia is responsible, detail-oriented, and professional. Her strong work ethic and positive attitude have led her to surpass all her competitors.

Schumann Li

Land Assembly & Residential Specialist

Schumann is a top-producing realtor in the Lower Mainland with more than 30 years’ experience. Over the years, Schumann hasn’t just garnered awards, but the trust of countless customers. Her clients continually refer to her outstanding professionalism, work ethic and poise.

Wendy Kaip

Sales Associate

Whether it’s decoding city policies, strategizing relocation plans, home sellers looking for a trustworthy advisor to unlock their property’s maximum potential- Wendy is here to help every step along the way.

Prior to real estate, Wendy spent over a decade in the mining industry with her attention to detail, keen negotiation skills, extensive network and strong reputation for getting the deal done, bringing endless value to her current real estate clients.

Whether you are thinking about selling to a developer, or have more questions about commercial real estate, Wendy invites you to connect, to see how she can utilize her expertise and team to help create value and maximize your real estate goals.

Simon Chan

Managing Broker

Simon is the managing broker of Claridge Real Estate Advisors Inc. His expertise has helped our agents resolve many difficulties. Not only is Simon knowledgeable with real estate legislation, but he is also very detail orientated. With Simon on our team, our agents are confident to conduct businesses and will always get the support they need to ensure they’re not walking on dirty water.

Frank Zhou


As the analyst of the company, my key job is to help brokers to find marketable clients and locate feasible development sites by collecting and analyzing up-to-date market transaction data and conducting target market and property-level research. Meanwhile, I am also in charge of maintaining the company’s property database to ensure accuracy and comprehensiveness and continuously upgrading the level of knowledge by staying up to date with hot topics, and market trends, and incorporating findings into everyday work. Before joining the company, I worked for CR Group as a real estate investment manager, focusing on capital raising, equity and debt financing, acquisition and renovation. I hold 2 master’s degrees, one in Housing Management and the other in Economics.