Bosa Properties and Kingswood Properties have submitted a new rezoning application for their project at 1040-1080 Barclay Street.
A previous proposal from 2018 envisioned two condo towers with social housing; however, changing City policy and market conditions have spurred a new vision for the property.
The proposal is to allow for the development two residential towers of 54-storeys and 50-storeys in height over ten levels of underground parking. The new proposal includes:
- 506 secured market rental units and 130 below market units (East tower);
- 365 market strata-titled units and 99 social housing units (West tower);
- retail space at grade in both towers
- 37 space childcare facility on level eight of West tower
- An overall density of 21.87 FSR;
- A building height of 572 ft. (East tower) and 567 ft. (West tower)
- 832 vehicle parking spaces and 2,256 bicycle parking spaces.
The application is being considered under the West End Community Plan(External link), Criteria for 100% Secured Rental and Below-Market Housing as an Alternative to Inclusionary Social Housing in the Burrard Corridor of the West End Community Plan(External link), and the Sustainable Large Developments Policy(External link).
The architect for the project is Perkins & Will Vancouver.