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For Sale
Greater Vancouver’s authority on selling apartment buildings and development sites: www.goodmanreport.com
Mark GoodmanPersonal Real Estate CorporationDirect 604 714 [email protected]
Cynthia JaggerPersonal Real Estate CorporationDirect 604 912 [email protected]
David GoodmanDirect 604 714 [email protected]
HigH-RiSE DEvElopmEnt SitE 1554 gEoRgE StREEt, WHitE Rock
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18,135 SF high-denSity multi-Family development Site – opportunity For up to 18 StoreyS
152 St
This communication is not intended to cause or induce breach of an existing listing agreement. The information contained herein has been obtained from sources deemed reliable. While we have no reason to doubt its accuracy, we do not guarantee it. It is your responsibility to confirm its accuracy and completeness independently.
1554 GeorGe Street, White roCk
oPPortuNitY
to acquire a large 18,135 SF development site within the town Centre transition plan of White rock’s newly passed oCP. Adopted by Council on October 27th, 2017, the plan provides the opportunity to create the Town Centre as a distinctive, lively and pedestrian-focused growth area; one that enables the highest order of land use and development supported by social, recreation, entertainment, and cultural amenities important to all of White Rock’s residents, businesses and employees.
The Town Centre Transition area which includes The Georgian, proposes multi-storey residential redevelopments with heights up to 18 storeys; maximum Floor Space Ratio (FSR) for a total 3.5 FSR (3.0 FSR condo + 0.5 rental).
loCatioN
The subject property is located just off North Bluff Road on the east side of George Street in White Rock, BC. Centrally positioned a few minutes’ walk to the beach and only one block east of Johnston Road; a main artery offering various amenities, restaurants, shopping and bus transportation. Semiahmoo Shopping Centre is only one block to the north, while Peace Arch Hospital is also in close proximity. This community is one of the most desirable and affluent areas in the Lower Mainland with miles of beaches, spectacular views, beautiful parks and now one of the most innovative open air shopping/lifestyle centres in Western Canada.
Price $8,950,000 ($144/SF buildable)
address 1554 George Street, White Rock
legal Description
Plan NSW261, Lots 1–17, Land District 36, Section 11, Township 1, Part NW 1/4
oCP Town Centre Transition
existing Zoning RM-2 Medium Density Multi-Unit Residential Zone
lot size 155.4’ × 116.7’ (approx. 18,134.69 SF)
Floor Space ratio
2.5 FSR + extra 40% bonus for building rental = 3.5 FSR total
redevelopment Potential
Allow residential buildings up to 18 storeys:
Density Buildable
Base 2.5 FSR 45,335 SF
Bonus* 1.0 FSR 18,135 SF
total 3.5 FSr 63,470 SF
*extra 1.0 FSR for building rental, 0.5 of bonus can be condo
improvement 17-unit 3-storey wood-frame strata-titled multi-family building
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Site Plan
28 | Policies
Overview
White Rock’s population has been growing at a moderate rate for decades, with most of the recent growth taking place in the Town Centre and adjacent areas. In the last decade, approximately 73% of new housing starts have been in the form of apartments. Over the last 10 years, over half of new retail and service development has taken place in the Town Centre, and approximately one third has taken place in the eastern commercial portion of Marine Drive. Detailed growth trends for population, housing, and commercial development are outlined in Part A.
The general approach to growth management in the City is to reinforce the existing pattern of growth and continue to focus density in the Town Centre, as presented in Figure 6. Additional growth is to be located in the Town Centre Transition and Lower Town Centre areas. The highest heights and densities are to be concentrated at the intersection of Johnston and North Bluff Roads, with heights and densities generally transitioning down to the south, east, and west. The Conceptual Urban Form for the City is highlighted in Figures 7 and 8.
City Park
Growth Focus Area Town CentreLower Town CentreWaterfront VillageTown Centre Transition
Urban NeighbourhoodNorth Bluff EastHospital DistrictMature NeighbourhoodCity Park
Figure 6 White Rock Growth Plan
Town Centre
Height and density transition from Town Centre southward
Lower Town Centre
MatureNeighbourhoods
Waterfront
Figure 8 Conceptual Urban Form - North-South Section
Town CentreTown CentreTransition
Town CentreTransition
MatureNeighbourhoods North Bluff
West City Park
North BluffEast
Hospital
Figure 7 Conceptual Urban Form - East-West Section
116.7’155.4’
The Georgian —constructed in 1974
Source: City of White Rock
“
toWN CeNtre traNSitioN
Environmental Guidelines | 129
Schedule A Land Use Plan
0 250 500 750 1,000 Metres
Town CentreTown Centre TransitionLower Town Centre
Waterfront Village
Urban Neighbourhood
Mature Neighbourhood
East Side Large Lot Infill Area
Neighbourhood Commercial
InstitutionalOpen Space & Recreation
North Bluff East
MARINE DR
NORTH BLUFF RD
THRIFT AVE
ROPER AVE
FIR
ST
STAY
TE R
D
PACIFIC AVE
RUSSELL AVE
COLUMBIA AVE
FIN
LAY
ST
BEST
ST
MAP
LE S
TVICTORIA AVE
CLIFF AVE
MAR
TIN
STOXF
OR
D S
T
JOH
NST
ON
RD
PAR
KER
ST
FOST
ER S
T MER
KLIN
ST
KEIL
ST
EVER
ALL
ST
GEO
RG
E ST
MALABAR AVE
KEN
T ST
BUENA VISTA AVE
SUNSET DR
BISH
OP
RD
ASH
ST
BLACKBURN AVE
VID
AL S
T
KER
FOO
T R
D
CO
RY
RD
BALS
AM S
T
NIC
HO
L R
D
BREA
RLE
Y ST
ARC
HIB
ALD
RD
PROSPECT AVE
GOGGS AVE
MAGDALEN AVE
STEV
ENS
ST
CENT
RE S
T
SEMIAHMOO AVE
DOLP
HIN
ST
CYPR
ESS
ST
HAB
GO
OD
ST
COLDICUTT AVE
LEE
ST
HIG
H S
T
ROYAL AVE
TERRY RDOXENHAM AVE
BLAC
KWO
OD
ST
BER
GST
RO
M R
D
VISTA DR
PHO
ENIX
ST
VINE AVESATURNA DR
LAN
CAS
TER
ST
BEACHVIEW AVE
EWSO
N S
T
WIN
TER
ST
HARDIE AVE
MANN PARK CRES
GORDON AVE
MAGDALEN CRES
CH
ESTN
UT
ST
AND
ERSO
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WEST BEACH AVEPROSPECT CRES
MCDONALD AVE
PAR
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PL
UPPER ROPER AVE
SUNSET LN
KEIL
CR
ES
WHEATLEY AVE
KYLE CRT
HO
SPIT
AL S
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PAC
IFIC
PL
DU
PREZ
ST BELLEVUE CRES
BAY
ST
SEMIAHMOO AVE
KEIL
ST
BER
GST
RO
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STEV
ENS
ST
KEN
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ROPER AVE
LEE
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BEACHVIEW AVE
FIN
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VINE AVE
HAB
GO
OD
ST
MAR
TIN
ST
MAP
LE S
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OXENHAM AVE
EVER
ALL
ST
GOGGS AVE
HAB
GO
OD
ST
BUENA VISTA AVE
BLAC
KWO
OD
ST
THRIFT AVE
STEV
ENS
ST
PROSPECT AVE
GOGGS AVE
MAP
LE S
T
VINE AVE
CLIFF AVE
MAGDALEN AVE
ROYAL AVE
VID
AL S
T
PAR
KER
ST
RUSSELL AVE
GOGGS AVE
VINE AVE
MALABAR AVE
BALS
AM S
TVICTORIA AVE
MAGDALEN AVE
KEN
T ST
KEN
T ST
MAGDALEN AVE
BLACKBURN AVE
COLDICUTT AVE
HIG
H S
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MOFFAT LN
AppendixTown Centre
town Centre transition
Lower Town Centre
Waterfront Village
Urban Neighbourhood
North Bluff East
Mature Neighbourhood
East Side Large Lot Infill Area
Institutional
SuBJeCtPolicies | 31
Overview
The majority of the land area in the City of White Rock is dedicated to single family dwellings in Mature Neighbourhoods. Low-rise multi-unit buildings are the dominant form surrounding the Town Centre and Lower Town Centre, while a combination of low-rise, mid-rise, and high-rise residential and mixed-use buildings are located in the Town Centre. Commercial development is focused along Johnston Road and Marine Drive, and institutional and open space uses are scattered throughout the City.
Land use designations allow for the management of future development in the City. Future growth is to be focused in the Town Centre as well as the adjacent Town Centre Transition areas and the Lower Town Centre. Allowable densities (Gross Floor Area Ratio or FAR) for future development for these three land use designations are highlighted in Figure 9. Potential heights (in storeys) for the same areas are outlined in Figure 10. Schedule A indicates the land use designation that applies to each property in the City.
Figure 10 Conceptual Height Transitions in the Town Centre, Town Centre Transition, and Lower Town Centre Areas
Figure 9 Maximum FAR in the Town Centre, Town Centre Transition, and Lower Town Centre Areas (* indicates 2�0 FAR)
Conceptual Height Transition in Town Centre Transition
SuBJeCt
Source: City of White Rock”
“toWN CeNtre traNSitioN
The Town Centre Transition area is residential in character, with densities and heights that support the Town Centre and provide transitions to neighbouring low to mid-rise residential areas.
To enable a concentration of multi-unit residential uses to provide easy access to and to strengthen the commercial uses in the Town Centre and the transit corridor on North Bluff Road, and to provide a transition to surrounding low- to mid-rise residential areas.
• urban Design – Enhance the built and public realms through guidelines included in the Multi-Family Development Permit Area in Part D. Focus on the establishment of a greenway between the Town Centre and Centennial Park.
• rental housing – Allow a 40% increase to maximum FARs where at least half of this additional floor area is dedicated to and secured as residential rental units.
• uses and Building types – Allow multi-unit residential uses, with mixed-use (commercial/residential) on George Street and adjacent to the hospital. Building types range from low-rise to high-rise.
• Density and height – Concentrate the highest heights and densities adjacent to the Town Centre along North Bluff Road.
• everall Neighbourhood – Allow height increases to accommodate allowable densities while protecting mature, healthy, high-value trees in the area bounded by North Bluff Road, Thrift Avenue, Oxford Street, and Vidal Street.
Cynthia JaggerPersonal Real Estate CorporationDirect 604 912 [email protected]
David GoodmanDirect 604 714 [email protected]
Mark GoodmanPersonal Real Estate CorporationDirect 604 714 [email protected]
Greater Vancouver’s authority on selling apartment buildings and
development siteswww.goodmanreport.com
SuBJeCt
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01
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02
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01 White Rock Elementary
02 White Rock Promenade
03 White Rock Community Center
04 The Gallery Central Plaza
05 Centennial Arena
06 H.T. Thrift Elementary, Semiahmoo Secondary School
07 Semiahmoo Arts and South Surrey Recreation Centre
08 Surrey Public Library
09 Semiahmoo Shopping Centre
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