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Recent Vancouver Office Rezoning Application Demonstrates Need for Smaller Sites
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(Posted on Feb 27, 2017 at 06:41PM by Michelle Bogle)
In December of 2016, a rezoning application was submitted to the City of Vancouver by Musson Cattell Mackey Partnership to rezone 521-525 West 8th Avenue from C-3A (Commercial) District to CD-1 (Comprehensive Development) District.The site, which is located across from Whole Foods, is currently comprised of two single-storey retail buildings, one of which is now vacant.
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The proposed development is for a 68,000 sq. ft., nine storey office building providing approximately 60,300 sq. ft. of office space and 2,000 sq. ft. of retail space, with floorplates ranging from 6,400 to 9,015 sq. ft.
The physical site itself is 90 ft. by 110 ft. for a total of 9899 sq. ft.Â
The physical site itself is 90 ft. by 110 ft. for a total of 9899 sq. ft.Â
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Parking will be accommodated over 3.5 levels of underground garage space and lane side surface car-sharing stalls, to meet the current bylaw, with access from the lane, where loading will also be accessible.
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This application is being considered under the Metropolitan Core Jobs and Economy Land Use Plan. It's also the latest project to fall into the recent trend of rezoning applications for office buildings on sites under 10,000 sq. ft., which traditionally would have been considered too small to accommodate larger floorplates and parking requirements. One of the main key purposes of this office development, according to Musson Cattell Mackey Partnership, is the “creation of new office space in a configuration in response to market needs.â€
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To learn more about this unique office development or other commercial projects underway across the Lower Mainland, please contact Marcus & Millichap’s Vancouver office to speak with a commercial real estate advisor.
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