An application has been made by an unnamed developer through GBL Architects to rezone a two-lot, 18,976 SF site at 5355-5387 Cambie Street to allow a 6-storey residential building and a 2-storey building with townhouse units at the rear, including:
- a total of 48 residential units;
- a density of 2.49 FSR;
- a height of 71 ft;
- 51 underground parking spaces; and
- 60 bicycle spaces.
The buyer had assembled these two adjacent lots in May 2014 for $6,300,000, or $133 per buildable SF . The corner lot on W 37th Ave (526 Cambie Street) is 68’ wide and contains a single family dwelling. Despite the efforts, the developer was not able to secure this corner property. GBL’s drawings demonstrate that this lot is developable, on its own, under the Cambie Corridor guidanceachieving 6 storeys and 2.6 FSR.