202-Unit Project Proposed for Cambie and W. 35th Ave
A rezoning application for 10 single-family lots located at 4949-5109 Cambie Street goes to public hearing next week.
Washington Properties (whose project you might be familiar with on West 41st across from Oakridge) is planning the development of three six-storey concrete residential buildings containing a total of 202 units all over two levels of underground parking. The total site frontage is 626 feet, and the total site area is 76,825 SF.
Washington’s website suggests the units will all have air conditioning and “high” ceilings.
The Cambie Corridor Plan suggests this site can achieve 1.75 to 2.25 FSR, but before a road dedication and a transfer of heritage density, the proposed density is 2.39 FSR (or 2.60 FSR after the road dedication). Approximately 20% of the $5.5 Million CAC will be the transfer of heritage density.
The site was acquired between 2011 and 2012 for $34,098,000, or $186 per buildable SF.
See more information here.