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VANCOUVER COMMERCIAL REAL ESTATE ADVISORS
VANCOUVER COMMERCIAL REAL ESTATE ADVISORS
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Redevelopment Application: 1850 Main Street, Vancouve

Redevelopment Application: 1850 Main Street, Vancouve

  • Redevelopment Application
  • Vancouver
May 18, 2021

Total Gross Area: 91,538 Sqft

FSR: 5.02

Cressy Development submitted a rezoning application for 1850 Main Street it is waiting for feedback from the community. the proposal is to allow for the development of a 11-storey mixed-use building. The zoning would change from IC-2 (Industrial) to CD-1 (Comprehensive Development) District.

This will be the first development in South Cambie Corridor that will be redeveloped into multi-family residential. The neighbourhood lack local shopping and recreation facility, the additional commercial space will help the neighbourhood develop a public space. The rental units are ideal for workers located near south marine drive as industrial and commercial businesses are concentrated. There is ample of shopping opportunities for household supply and electronics. Distance to Marine Gateway is less than 10 minutes drive.

Site Statistic:

  • 131 secured market rental residential units
  • Commercial units at grade
  • A floor area of 8,710.2 sq. m (93,756 sq. ft.)
  • A floor space ratio (FSR) of 5.02
  • A height of approximately 34.6 m (113.4 ft.)
  • 109 vehicle parking spaces (including 6 car share spaces) and 177 bicycle parking spaces

 

Note: This was submitted in 2017 and was approved by Council at a Public Hearing in July 2018, but has not yet been enacted. The 2017 application and the 2020 application contain identical height, density, and form of development. The most significant difference is the housing tenure. The 2017 rezoning application contained 13 units of the Moderate Income Rental (MIR) units within the 131 units of rental housing. The current 2020 rezoning application removes the 13 MIR units for a proposal with a total of 130 units of rental housing.

 

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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.

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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.

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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.

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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.

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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.

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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.

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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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