Market Spotlight: 633 Main Street
Having been approved at a public hearing earlier this week, Blue Sky Properties’ 633 Main Street project is being closely monitored by many in the industry as a potential catalyst for the revitalization of Chinatown, along with a similar project by Westbank at 611 Main Street, and future projects to come, including a large site on Keefer Street that is currently on the market.
633 Main Street will be a 16-storey building at the Northwest corner of Main and E Georgia Street. Retail uses are located at grade, with the intention of providing small-scale retail along Main Street and Georgia Street in keeping with the type of retail prevalent in Chinatown. The retail space provided on Georgia Street adjacent to the rear lane is expected to animate the rear of the property across from the plaza space on the Chinatown Parkade site. The remainder of the building is residential uses. A total of 188 condo units are proposed. The total density as approved is 8.82 FSR. A CAC was offered as part of the rezoning in the amount of $1,237,725 as a cash payment.
Photos courtesy: Built Form @ SSP