Rezoning Application Update: 1780 East Broadway, Vancouver

Rezoning Application Update: 1780 East Broadway, Vancouver

  • rezoning application
  • Vancouver
December 16, 2020

A revised rezoning application has been submitted to the City of Vancouver for 1780 East Broadway former Broadway Safeway Site. The site is immediate beside Broadway Skytrain Station, one of the busiest connectors in Metro Vancouver Area. The development will feature the highest density and building height. The large 105,695 site area will be granted three high density towers: Tower A 30 storeys, Tower B 29 storeys, and Tower C 25 storeys.

The tower height was increased in the revised proposal and the total unit count has increased by 8 units. It shifted from a market condo to a predominantly rental project. We believe developer has received incentive and city played a role to promote additional rental housing in a Vancouver hot spot.

Site Statistic:

  • Site Area: 105,695 Sqft
  • Existing Zoning: C3-A
  • Proposed zoning: CD-1
  • Total FSR: 5.7
  • Total Potential Buildable: 602,462 Sqft

Revised Proposal:

  • An increase in residential floor area from 57,673 sq. m (620,784 sq. ft.) to 59,298 sq. m (638,278 sq. ft.)
  • A decrease in strata units from 520 to 236 units
  • An increase in rental units from 160 to 452 units
  • Revised tower heights from 24, 27, and 30 storeys to 25, 29, and 30 storeys above retail plinth
  • Tower A Strata – 236 units (studio-38, 1bed-114, 2bed 62, 3bed-22)
  • Tower B and C Rental – 452 units (studio-71, 1bed-220, 2bed-117, 3bed-44)
  • Pre-determined commercial
    • Safeway – 50,956 Sqft
    • CRU – 1,238 Sqft
    • F&B - 11,221 Sqft
    • Office – 48,618 Sqft
    • Daycare – 11,905 Sqft
    • Fitness – 9,634 Sqft

Original Proposal:

  • commercial retail space at grade including a large format grocery store;
  • three residential towers, ranging in height from 24 to 30 storeys above the retail plinth;
  • a childcare facility;
  • a public plaza running parallel to the SkyTrain station; and
  • a total floor area of approximately 57,673 sq. m (620,784 sq. ft.).

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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