128-Unit Rental Building Planned for Kingsway Site
Peterson Group has submitted their rezoning application under the Moderate Income Rental Housing Pilot Program (“MIRHPP”) for 1111-1123 Kingsway, a 19,211 SF site currently improved with single storey auto repair shops at the corner of Kingsway and Glen Drive in East Vancouver.
The plan for the site is for a new 13-storey mixed-use building that includes:
- 128 rental units (23 units are designated as MIRHPP units);
- 29 studios, 53 one-bedrooms, 43 two-bedrooms & 3 three-bedrooms;
- DCL waiver maximum rents;
- 7,330 SF of retail space at grade;
- a total density of 5.39 FSR;
- a maximum height of 133 ft.; and
- 97 underground parking stalls and 260 bike spaces.
The application describes the design rationale: “The main residential lobby is located on Glen Drive allowing retail space to be maximized on the ground floor along Kingsway. The 7th floor includes an interior amenity space and access to a south facing amenity roof terrace that maximizes access to natural light and mitigates overlook. These amenity spaces will be designed in accordance with the High-Density for Families with Children Guidelines and will include elements such as children’s play and common social spaces. Where possible, the project will seek to incorporate additional building amenities, such as urban agriculture. The retail space is oriented to Kingsway on the ground floor and the corner in a contiguous space that has been designed to permit a flexible retail configuration that will animate the public realm.”
The architect for the project is MCMP Architects.
Peterson acquired the site in 2018 for $14,800,000 or $143 per buildable SF based on the application.