Chard Development has submitted their rezoning application for the Denny’s site at 622 SW Marine Drive in Marpole.
The proposal calls for the development of two towers at 28 and 32 storeys on top of two 6-storey podiums separated with a mid-block break. The proposal includes:
- 573 market rental units w/ 20% of floor space allocated to below-market rental;
- Market rental: 56 studios, 241 one-bedrooms, 153 two-bedrooms & 6 three-bedrooms;
- Below market: 54 studios, 21 one-bedrooms, 36 two-bedrooms & 6 three-bedrooms;
- 35% of the below-market rental floor space provided as social housing operated by the YWCA;
- A total density of 6.68 FSR;
- 16,700 SF of ground floor retail space;
- 7,100 SF of second floor daycare space;
- A building height of 335 ft.;
- 276 vehicle parking spaces and 1096 bicycle parking spaces
The proposal also includes 35% of the below market units as social housing operated by the YWCA.
The application is being considered under the Marpole Community Plan and the Ashley Mar Issues Report (February 11, 2020).
The architect for the project is MCMP Architects.
Chard acquired the site through Colliers in December 2020 for $68,138,000, or $142 per buildable SF based on the gross density in the rezoning application.
