Mixed-use Development Planned for Cambie & 42nd
Viva Grand Developments has applied to rezone a site that they own at Cambie Street and West 42nd Avenue, across from Oakridge Centre. The plan for the 31,194 SF site at 5812-5888 Cambie Street is to rezone from the existing C-2 to CD under the Cambie Corridor Plan to allow a 10 and 8-storey mixed-use development, including:
- a total of 117 residential units;
- 20 studios, 28 one-bedrooms, 50 two-bedrooms & 11 three-bedrooms
- 8 live work units at the lane;
- 6 commercial units at grade totaling 14,700 SF;
- 21,000 SF of office space;
- a maximum building height of 116 ft.;
- a total density of 5.22 FSR; and
- 215 underground vehicle parking spaces and bicycle spaces.
Viva Grand had acquired the site, currently occupied by single storey retail, in 2013 for $26,000,000.
The architect for the project is IBI Group.
The full rezoning package can be viewed here: http://rezoning.vancouver.ca/applications/5812-5888cambie/index.htm