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Condo, Development, Retail

51-Unit Condo Building Slated for West 49th Site

A rezoning application has been submitted by Killarney Enterprises for a three lot land assembly at the Northwest corner of West 49th Avenue and Alberta Street, near Langara College. The site at 319-359 West 49th Avenue totals 21,662 SF.

The proposal consists of a 4-storey mixed-use building that includes:

  • 51 condo units;
    • 10 studios, 25 one-bedrooms, 11 two-bedrooms & 5 three-bedrooms;
  • 8,174 SF of retail space;
  • a total density of 2.24 FSR;
  • an amenity roof deck;
  • a building height of 45 ft.; and
  • two levels of underground parking with 56 vehicle parking spaces, and 72 bicycle spaces.

The application describes the design rationale: “The building massing are compose of blocks stacked vertically, which are differentiates by step setbacks. First block is the ground level, clad by light coloured bricks and commercial storefront. The same brick is use on the side along Alberta Street and wraps around through the residential units at grade along Lane. Residential entry lobby is highlighted with wood grain finish cladding to distinguish from the commercial frontage. Second and Third floor level comprises the mid block. This block is accentuated with square forms that separate unit balconies for privacy. Larger windows were provided on the south and east side of the mid block and smaller residential windows on the north side. Top most level is futher setback to provide a hidden storey to scale down the building mass. Amenity deck is located away from the roof edge, so it will not be visible at road level. Roof deck outdoor amenity creates a more private open space for the unit owners.”

The application is being considered under the Cambie Corridor Plan.

The architect for the project is Matthew Cheng Architects.

February 28, 2019by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

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David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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