Redevelopment Application: 906-982 West 18th Ave & 907-969 West 19th Ave, Vancouver

Redevelopment Application: 906-982 West 18th Ave & 907-969 West 19th Ave, Vancouver

  • Redevelopment Application
  • Vancouver
September 21, 2021

Site Area: 108,847 Sqft

Developer: Wesgroup

Wesgroup resubmitted rezoning application for Balfour Block at 906-982 W 18th Ave and 907-969 W 19th Ave. The proposal is to allow for the development of a 6-storey rental building; a 6-storey condo building with a rooftop amenity and a childcare space on the ground floor; seven 3- to 4-storey townhome buildings. The zoning would change from RT-2 (Residential) to CD-1 (Comprehensive Development) District

The Balfour Block is a 108,847 square-foot site that includes a portion of lane area to be purchased from the City of Vancouver and located within the Cambie Village character area of the City of Vancouver. The site is situated east of Oak Street and directly west of Laurel Street; the site’s borders are West 18th Avenue to the north, Laurel Street to the east, West 19th Avenue to the south, and a private lot and City of Vancouver lane to the west.

The site is in close proximity to two bike routes: 14th Avenue and Heather Street, making it easily accessible via bicycle. The multitude of transportation options make car-free commuting easy for residents, childcare workers and other site users. This variety of non-automobile transportation is directly aligned with the Cambie Corridor Plan. Plan Highlights – Transforming Single Family Neighbourhoods (Section 3.2). The intent of this Plan Highlight is to create “vibrant, mixed-use communities with a diverse range of housing.”

Project Detail:

  • 208 total units consisting of 58 townhouses; 51 market strata residential units; and 99 secured rental units (with 25% of the proposed residential floor area at below-market rates)
  • A floor area of 19,076 sq. m (205,333 sq. ft.)
  • A floor space ratio (FSR) of 1.89
  • Building heights ranging from 11.5 m (37.6 ft.) to 25 m (82.5 ft.)
  • 255 vehicle parking spaces and 502 bicycle 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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