Development, Office

26-storey Tower Proposed for Cambie and Smithe Corner Site

A rezoning application has been made for a site at 225 Smithe Street, at the Northwest corner of Smithe and Cambie in Downtown Vancouver. The plan calls for rezoning from the existing DD (Downtown) District to CD-1 to allow a 26-storey residential above office mixed-use building that includes:

    • four levels of commercial space totaling 27,000 SF;
    • a  building height of 286.8 ft;
    • a density of 11.85 FSR;
    • 114 residential units; and
    • 178 underground parking space

This rezoning application is being considered under the Rezoning Policy for the Central Business District (CBD) and CBD Shoulder.

225 Smith_1 225 Smithe

The site was previously owned by James Schouw and envisioned for a luxury 28-unit condo building called ‘Thalia‘, but was later sold under foreclosure to Boffo Developments in 2011. The purchase price at that time was $11,600,000.

May 28, 2015by david.taylor@colliers.com