Value Group has submitted a DP application to the City of Vancouver for permission to develop 2906 West 4th Avenue. The 5,774 SF site was part of two properties that were destroyed by fire in the summer of 2018.

A development application was submitted for the adjacent lot last spring.

The proposal for the former Topanga site includes a new 4-storey building with residential units above retail. Details include:

• 16 market rental units;
  • 13 studios and 3 one-bedrooms;
• 2 retail units totaling 2,700 SF;
• a total density of 2.37 FSR;
• a building height of 51 ft.; and
• all over 1 level of underground service and storage with 3 surface parking spaces and 1 loading space at the rear, having access from the lane.

Under the site’s existing C-2 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 Formosis Architecture.

Value Group acquired the property in 2013 for $2,675,000.