Redevelopment Application: 131-163 West 49th Avenue, Vancouver

Redevelopment Application: 131-163 West 49th Avenue, Vancouver

  • Redevelopment Application
  • Vancouver
October 5, 2021

Developer: Alabaster Homes

The proposal is to rezone 131 – 163 West 49th Avenue from RS-1 to CD-1 to permit the development of a new four-storey mixed-use building with two levels of underground parking. The proposed building will consist of retail uses at grade facing West 49th, and two levels of offices facing north. Three storeys of residential strata apartments are proposed above the commercial levels. A total of 68 units are proposed, including 9 three-bedroom units, 17 two-bedroom units and 42 studios. A total of 38% family-oriented units are provided. This Rezoning proposal seeks to fulfill a principle of the Cambie Corridor plan with a mixed-use development along an arterial road well served by transit, east-west along West 49th Avenue and a six-minute walk away from north-south routes via the Langara- 49th Avenue Skytrain Station.

The site is 233.75’ wide and the proposal breaks down the building massing into a series of smaller, distinct volumes in order to emphasize a pedestrian scale. The site features large trees along its frontage, and in particular on the southwestern side. The building footprint has been designed to ensure that these mature trees can remain. Along West 49th Avenue, the western side of the site has been set back to accommodate the trees and the office lobby. At the southeastern corner, the building is set back to provide a generous exterior space in front of the residential lobby. Residential levels above the retail storey are set back 8’ from the majority of the frontage in accordance with the Cambie Corridor Plan.

Project Statistic:

  • 68 strata-titled residential units
  • Commercial retail at grade fronting W 49th Ave and two storeys of office at the rear lane
  • A floor space ratio (FSR) of 2.5
  • A floor area of 7,169.5 sq. m (77,172 sq. ft.)
  • A building height of 17.9 m (59 ft.)
  • 136 vehicle parking spaces and 145 bicycle parking spaces

Yoyoe Lu

Founder and managing principal
yoyoe@claridgeadvisors.com

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
ashley@claridgeadvisors.com

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@claridgeadvisors.com

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@claridgeadvisors.com

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
wendy@claridgeadvisors.com

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@claridgeadvisors.com

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

Analyst
frank@claridgeadvisors.com

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.

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