Construction Update: Cambie Star

Construction is coming along on Cambie Star, an 8-storey condo development at the Northwest corner of Cambie Street and West King Edward Ave.

The project is being built by Yuanheng Canada, who acquired the site from Translink as one of the first Cambie Corridor land sales back in 2011 for $9,400,000, or $146 per buildable SF.

The site is located directly adjacent the King Edward Canada Line station and a portion of the building is directly above the station entrance (the station entrance itself becomes a volumetric statutory right of way). There is also a covenant on title that the developer is required to build a space for a retail bike repair facility attached to the station. There will also be ground floor commercial units fronting Cambie Street.

The site was formally approved for rezoning in late 2014 for a 59-unit, 8-storey development at a total density of 3.52 FSR. Sales began in November 2014 and the project was substantially sold out in 2015. MLS pre-sales in late 2015 show the most recent sales took place in the $825 per SF range. The site signage and project website now indicates that the project is sold out.

Photo courtesy mcminsen http://po.st/qsN457 via @imageshack

Photo courtesy mcminsen http://po.st/8eqti9 via @imageshack

Photo courtesy mcminsen http://po.st/3wwYVp via @imageshack