Redevelopment Application: 3970-3998 Main St, Vancouver

Redevelopment Application: 3970-3998 Main St, Vancouver

    October 27, 2021

    Total Lot Size: 13,274 Sqft

    FSR: 3.97

    The subject site is located on the east side of Main Street in the Riley Park Little Mountain neighborhood, encompassing approximately 13,274 sq. ft. (1,233 sq. m.) bounded on the south by East 24th Avenue and on the north by adjacent C-2 zoned properties. A laneway along the eastern edge of the site creates a boundary to the RS-7 district composed of single-family dwellings to the east. To the north, a C-2 district extends all the way to East 16th Avenue on both sides of Main Street. This significant shopping district is composed of a mixture of older mixed-use and commercial buildings and newer, four-story mixed-use developments. To the immediate south across East 24th Avenue, is a four-story mixed-use residential and retail building.

    This proposal is for the development of a six-story mixed-use secured market rental residential and commercial retail building that includes 6567 sqft of street fronting commercial leasable area, below-grade parking, and 60 secured market rental units. 15 studios, 20 one-bedroom, 21 two-bedroom and 4 three-bedroom units are proposed on levels 2-6. Indoor and outdoor amenity space is provided on the roof level. The total proposed floor area is approximately 52,724 ft2 ( 4,898 M) with an FSR of 3.97. The proposed building is approximately 82.67’ at its highest point.

    Project Statistic:

    • 60 secured market rental units
    • Commercial retail space at grade
    • A floor space ratio (FSR) of 3.97
    • A gross floor area of 4,898 sq. m (52,724 sq. ft.)
    • A building height of 25.2 m (83 ft.)
    • 53 vehicle parking spaces and 128 bicycle parking 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.