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Mixed-Use Development Site at Marine Gateway Transit Nexus

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Mixed-Use Development Site at Marine Gateway Transit Nexus Downtown 622-688 Marine Drive, OAK ST. VANCOUVER | BC CAMBIE ST. ST. CAMBIE CAMBIE Mixed-Use Development Site Marine Drive at Marine Gateway Station Transit Nexus SW MARINE DR. Discovery Street Opportunity to purchase a 66,474 SF development site one block from Marine Drive Skytrain Station W KENT AVE. SIMON LIM JAMES LANG JESSICA HATHAWAY Personal Real Estate Corporation EXECUTIVE VICE PRESIDENT SENIOR ASSOCIATE ASSOCIATE DIR +1 604 661 0882 DIR +1 604 661 0868 DIR +1 604 694 7227 SIMON LIM CECILIA TSE JAMES LANG JESSICA HATHAWAY [email protected] [email protected] [email protected] Real Estate Corporation Personal Real Estate Corporation ASSOCIATE VICE PRESIDENT SENIOR ASSOCIATE Colliers International EXECUTIVE VICE PRESIDENT SENIOR VICE PRESIDENT-ASIA PACIFIC DIR +1 604 661 0868 DIR +1 604 694 7227 200 Granville Street | 19th Floor DIR +1 604 661 0882 DIR +1 604 662 2668 [email protected] [email protected] Vancouver, BC | V6C 2R6 [email protected] [email protected] P: +1 604 681 4111 FOR SALE 622-688 MARINE DRIVE | Vancouver | BC SALIENT FACTS Civic Address 622-688 SW Marine Drive, Vancouver, BC LOT 1 BLOCKS 3 AND 5 DISTRICT LOT 311 PLAN 13934 Legal Plan PIDs: 005-270-553 Site Area 66,474 SF 66,474 SF Marpole Plan 12 & 16 Storey Land OCP 2-Tower Development The Property is a triangular parcel with 521 feet of frontage on SW Marine Drive, 429 Site Dimensions feet on W 70th Avenue and 303 feet on Ash Street. The Property is located between West 70th Avenue and Ash Street on SW Marine Drive in Location the Marpole neighbourhood of south Vancouver. Marpole Community Plan - Cambie Sub-Area - which allows for a two-tower development OCP with height up to 12 and 16 storeys with choice of use at grade with a 4-6 storey podium. Social housing required on 20% of the residential units. $87,287 84 Marine Drive Current Zoning CD-1 (66) Comprehensive Development Avg Household Walk Score™ Station Income The Property is currently improved with three commercial buildings totaling approximately Transit Current Improvements 22,032 of leasable SF. *3 km radius Net Operating Income (2017) $161,151 SITE PLAN OFFER PROCESS Prospective purchasers are invited to submit offers to purchase the property though Colliers for consideration by the Vendor. Offers will be considered on a first-come-first-serve basis. For more details and to request a full information package, please contact the listing brokers 521’ 303’ 429’ FOR SALE 622-688 MARINE DRIVE | Vancouver | BC DEVELOPMENT HIGHLIGHTS > A high-density residential development site 66,474 SF in size > Two-tower development site with tower height up to 12 and 16 storeys, a scale rarely achievable in the Marpole or Cambie Corridor areas > One block of Marine Gateway, the new urban town centre offeringa variety of retail, service and entertainment > 15 minute to Vancouver City Centre Station and 6 minutes to Richmond City Centre from Marine Drive Station on the Canada Line > Marine landing is amongst the fastest growing neighbourhood in Vancouver with growth of 20% in population over the past 5 years and it is expected to continue with completion of new developments DEVELOPMENT POTENTIAL The subject site falls within an area identified by the City as the “Cambie Sub-Area” which is described as follows: Uses: Residential and commercial uses permitted Built Form: Two-tower residential development site with a 4-6 podium (choice of use). Social housing will be required for 20% of the residential units. Height: Tower form buildings 12-16 storeys as indicated on map. 1. Vancouver West FOR SALE 622-688 MARINE DRIVE | Vancouver | BC SIMON LIM CECILIA TSE JAMES LANG JESSICA HATHAWAY Personal Real Estate Corporation Personal Real Estate Corporation ASSOCIATE VICE PRESIDENT SENIOR ASSOCIATE EXECUTIVE VICE PRESIDENT SENIOR VICE PRESIDENT-ASIA PACIFIC DIR +1 604 661 0868 DIR +1 604 694 7227 DIR +1 604 661 0882 DIR +1 604 662 2668 [email protected] [email protected] [email protected] [email protected] Colliers International 200 Granville Street | 19th Floor This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, represen- Vancouver, BC | V6C 2R6 tations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted P: +1 604 681 4111 property of Colliers International and /or its licensor(s). © 2018. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc..
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