Rezoning Application: 24 East Broadway and 2520 Ontario Street, Vancouver

Rezoning Application: 24 East Broadway and 2520 Ontario Street, Vancouver

  • rezoning application
  • Vancouver
October 20, 2020

Rezoning Application: 24 East Broadway and 2520 Ontario Street

Mount pleasant will be seeing a rare mid-rise building fronting East Broadway intersecting Ontario Street. The building features a full glass panel design reflecting the beautiful surrounding neighbourhood. The location is a high traffic area with street parking. Nearby Ontario street and East 10th is a city designated bike lane where hundreds to thousands of cyclist rides daily. It is an ideal area to have an office building taking green commute a step further.

A 7-storeys office is proposed by Value property group requiring to rezone the site from C-3A (commercial) to CD-1 (comprehensive development). It falls under the boundaries of Mount Pleasant Community Plan. Existing property is a 3-storey mixed-use build with retail, service, and office spaces. A floor area (FSR) of 7.75 made this development viable and the application is being considered under the Metro Core Jobs and Economy Land Use Plan.

Site Statistics:

  • Floor space ratio (FSR) of 7.75
  • Site Area: 16,136 Sqft
  • Total floor area (Net) of 125,039 Sqft
  • Building height of 147.67 Ft

Project Statistics:

  • 20,284 sq. ft. of retail space
  • 104,755 sq. ft. of office space
  • Building height of 147.67 Ft
  • 7 levels of underground parking with 230 vehicle parking spaces and 68 bicycle parking spaces


Information Acquired From: City of Vancouver

Developer/Architect: Value Property Group

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.