Ari Gelmon
Associate Vice President, Development Land & Investment Properties
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Original Opportunity: 10 Lot Assembly in New Westminster Development Application By: Ciccozzi Architecture & Pure West Investments Inc. Proposed Development: 55-unit, ground-oriented infill townhouse development Victory Heights Development Opportunity This site contains ten consecutive properties, located within walking distance to shopping, transit, Canada Games Pool and The Justice Institute. The frontage is facing E Eighth Ave with lane access off both Cumberland Street and York Street. There is also a premium view of Mount Baker and City Sky Line. Principal Forms and Uses: Single detached dwellings, single detached dwellings on a compact lot, duplexes, triplexes, quadraplexes, cluster houses, townhouses, rowhouses and other equivalent ground-oriented housing forms. Lots with single detached dwellings may also include a secondary suite and/or a detached accessory dwelling unit.
Original Opportunity: Transit-Oriented Development Land Parcel SOLD To: Square Nine Developments Development: “Element 2” 24 Townhomes Single Parcel Development Opportunity in Edmonds Town Centre Plan This Transit Oriented Development Offering totals 32,190 square feet of gross developable area within the Edmonds Town Centre Plan. Currently zoned M-5 manufacturing, this single parcel development opportunity is designated medium density multifamily in accordance with RM-3 zoning guidelines. RM-3 densities within the established Edmonds Town Centre include base density up to 1.1 FAR and supplemental bonus density for a further 0.4 FAR to a maximum density of 1.5 FAR. This site can be built out to a variety of forms including stacked townhouse and 4 storey condominium with underground parking.
Original Opportunity: Two Multifamily Buildings SOLD To: Domus Homes Development: “Victoria” 100% Rental Apartments Two Adjacent Apartment Buildings | City of North Vancouver Acquire 100% freehold interest premier apartment location situated on approximately 17,640 SQUARE FEET of medium density designated land in the heart of North Vancouver’s highly sought after Central Lonsdale neighborhood. The improvements are comprised of 25 authorized residential rental units, and is situated only one block east of Lonsdale Avenue. This investment opportunity will appeal to apartment investors seeking secure and stable cash flow in one of the Lower Mainland’s hottest rental markets and presents a redevelopment opportunity in one of the fastest growing and land locked markets in the region.
Original Opportunity: 7 Lot Assembly, City of North Vancouver SOLD TO: Guildford Brook Estates Redevelopment: “Evolv35” Townhomes in Moodyville This 47,950 square foot land assembly site is designated under the current Official Community Plan for Residential Level 4A medium density townhouse. Site dimensions are approximately 350 feet by 137 feet. Townhouse development design guidelines will incorporate 3 levels above grade in either traditional row or stacked townhouse form over an underground parkade. The Official Community Plan was adopted in late March 2015. A $20 CAC will apply to all density over existing 0.5 FSR.
Original Opportunity Residential Level 5 Medium Density 4 Storey Development Opportunity | City of North Vancouver This 80,924 square foot site is designated under the newly adopted Official Community Plan (March 2015) for Residential Level 5 medium density, with consideration to building height to a maximum of 4-storeys. Residential Level 5 medium density allows for a maximum 1.6 FSR, with an optional additional 1.0 FSR towards purpose-built rental. The site dimensions are approximately 137 feet by 650 feet, however; a road dedication of approximately 10 to 15 feet from East 3rd Street should be anticipated. All densities are calculated from Gross Site Area. Development design via the Lower East 3rd Street Implementation Policy Guidelines are underway and expected to complete near the end of 2015, along with a City initiated pre-rezoning prior to that. All applications for development will be held until pre-zoning has taken place. $20 CACs will apply to all density over the existing 0.5 FSR.
Rocky Point Centre, Port Moody | Commercial Investment Property This 40,500 square foot income property has strong holding income. It has two-storeys, with the lower level facing Spring Street and the upper level facing St Johns. Many tenants have occupied spaces for 10+ years. The purchaser has an opportunity to re-engineer current lease rates for an increased overall return on investment. Furthermore, the City of Port Moody is currently re-drafting the Official Community Plan (OCP) which will include an overhaul to the current land use designations. The objective of the OCP is to facilitate growth and increase the density for areas close in proximity to the two future Evergreen Line stations within Port Moody City limits. Rocky Point Centre is in a logical location for redevelopment to medium or high density mixed use built form.
Ari Gelmon
Associate Vice President, Development Land & Investment Properties
Alexander Lougheed
Associate, Development Land & Investment Properties
Ben Williams
Executive Vice President, Development Land & Investment Properties
Dean Andag
Associate Vice President Development Land & Investment Properties
Daniel Link
Associate Vice President, Development Land & Investment Properties
Grant Gardner
Senior Vice President, Development Land & Investment Properties
Isaac Foord
Associate Vice President, Development Land & Investment Properties
Joe Hawboldt
Sales Representative, Development Land & Investment Properties
John Westacott
Associate, Development Land & Investment Properties
Keath Williams
Principal & Managing Broker, Development Land & Investment Properties
Lucas Chavez
Sales Representative, Development Land & Investment Properties
Max Amini
Associate, Multifamily, Investment Properties, Development Land & Industrial
Thomas Trowbridge
Vice President, Development Land & Investment Properties