Rezoning Application Submitted for Former Esplanade Theatre Site
Cressey has submitted their formal rezoning application for the former Esplanade Theatre site in North Vancouver that they acquired in 2018. A preliminary application and public consultation took place in 2019.
The site is the second major rental development Cressey is working on in the City of North Vancouver, with 281 units proposed for a site in Central Londsale.
The 18,000 site is located at the northwest corner of West Esplanade and
Chesterfield in the Lower Lonsdale area.
The site is designated Mixed Use Level 4A (High Density) in the City of North Vancouver’s OCP. This designation allows for a maximum density of 3.6 FSR (including 1.0 bonus FSR).
The proposal calls for a new rental apartment building with retail on the ground floor. Details include:
- 75 market rental units;
- 23 studios, 28 one-bedrooms, 16 two-bedrooms & 8 three-bedrooms;
- 8,700 SF of retail space;
- a total density of 3.60 FSR;
- 38 underground parking stalls;
- total community benefit of $3.4M ($25/sf to OCP max, $190/sf for bonus).
The architect for the project is Rafii Architects Inc.