Rezoning Application: 5025 North Fraser Way, Burnaby

Rezoning Application: 5025 North Fraser Way, Burnaby

  • Burnaby
  • rezoning application
April 8, 2022

Sunco Glenlyon Business Park

Transaction Price: $9,880,000

Proposed Zoning: Amended CD-1

Developer: Beedie Development Group

Site Area: 111,100 Sqft

Proposed FAR: 0.70

Gross Floor Area: 78,201 Sqft

Land Price/Sqft: $89/Sqft

Price/Buildable: $126/Sqft

The subject site is located in the Glenlyon Business Park, within the Big Bend Development Plan area. The property is vacant and irregular in shape and identified for future light-industrial and office development in line with the Glenlyon Concept Plan.

The proposed building is 2 storeys of warehouse and 3 storeys of office. The total area of the proposed building would be approximately 78,201 Sqft. The main floor will have 14,469 Sqft of Manufacture/Industrial space, 23,950 Sqft of warehouse space and 2,820 Sqft of office space. Second floor has 28,559 Sqft of warehouse space. Second and third floor each have 4,201 Sqft of office space.

The site was originally undergoing rezoning as part of a larger single site that included the adjacent property at 5085 North Fraser Way (Rezoning Reference #16-56). That rezoning proposed a two-storey light industrial building on the eastern portion of the site, while the western portion (the subject rezoning) was to be utilized temporarily as an amenity space.

Project Statistic:

  • Total Office Space: 11,222 Sqft
  • Total Manufacturing Space: 14,470 Sqft
  • Total Warehouse Space: 52,509 Sqft
  • Total Parking Required: 63

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.