247-unit Southeast False Creek Tower Going Ahead

Concord Pacific has applied to the City of Vancouver for permission to develop their 57,365 SF site, which is comprised of a full city block at West 1st Ave and Columbia Street. The site is one of the larger remaining undeveloped parcels in the SEFC area and was originally proposed by Concord back in 2012; having been rezoned previously in 2008. The current plans call for a 17-storey curved residential building and includes the following:

• 247 dwelling units;
• 200,540 SF total building area
• a density of 3.5 FSR
• 249 off-street parking spaces in 2 levels of underground parking
• 154 feet in total height
• 139 1-bedroom units, 96 2-bedroom units and 12 lofts/3-beds
• 28,000 SF of outdoor common area including urban agriculture, water features, playground and BBQ areas

Concord bought the property back in 2011 for $25,000,000.