Wesgroup Envisions 241 Units for Balfour Block
Wesgroup has submitted their rezoning application for the ‘Balfour Block’, a unique 101,883 SF (2.3 acre) site located at West 18th Avenue and Laurel Street in the Cambie Village area, just East of Oak Street. The existing site contains 16 older duplex buildings that will be replaced.
The proposal calls for the development of a 6-storey rental building; a 6-storey condo building with a rooftop amenity and a childcare space on the ground floor and six 4-storey and two 3-storey stacked townhome buildings.
The proposal includes:
- 241 total units;
- 84 townhouses;
- 57 condo units;
- 100 secured rental units (with 25% at below-market rates);
- A total density of 2.16 FSR;
- Building heights of 37.5 ft. to 82.6 ft.;
- 334 vehicle parking spaces and 630 bicycle parking spaces.
The application is being considered under the Cambie Corridor Plan and theRezoning Policy for Large Sustainable Developments.
Wesgroup acquired the site in 2015 for $46,200,000 or $210 per buildable SF based on the application.
The architect for the project is Formwerks.