The City of Vancouver lot at East 6th Avenue and Clark Drive is for sale. The site is currently zoned as I-3 (Light Industrial) and assessed at $4,435,000. The “For Sale” sign clearly states that it is a “prime SkyTrain development site.” An open question is whether the site will be rezoned in the future. The I-3 zoning allows for up to 3 FSR.
A conditional use under current zoning is: General Office, but not including the offices of accountants, lawyers and notary publics, nor the offices of real estate, advertising, insurance, travel and ticket agencies.
Outright uses for the site include: General Office, but limited to Information Technology.
There are also outright uses for Manufacturing including “Software Manufacturing” and “Printing and Publishing” (the full list is in the I-3 District Schedule
). This site is located within the False Creek Flats Planning Area. Is it a good practice for the City to sell a parcel of land while a planning process is still underway?