Development, Office

Office Building Proposed for West 2nd Avenue

Strand Developments has applied to the City of Vancouver for permission to develop an 18,772 SF site at the corner of West 2nd Avenue and Alberta Street in the Olympic Village area. The site at 302 West 2nd Avenue is zoned I-1 in the Mount Pleasant Industrial Zone.

The proposal is for a 4-storey building with manufacturing uses on the ground floor and office space above. Details include:

  • 18,772 SF of manufacturing space;
  • 37,545 SF of office space;
  • a total density of 3.0 FSR;
  • a building height of 60 ft.;
  • three levels of underground parking (74 stalls) having access from the lane.
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Under the site’s existing I-1 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The architect for the project is MCMP.

The full development application can be viewed here: https://development.vancouver.ca/pc302w2nd/index.htm

Strand acquired the site in 2015 for $11,250,000, or $200 per buildable SF based on the application.

May 8, 2019by david.taylor@colliers.com