A rezoning application has been submitted by Gracorp for a site at 1045 Burnaby Street in the West End area of Downtown Vancouver.

The site is currently occupied by an older lowrise 37-unit condo building.

The proposal is for a 16-storey rental building that includes:

• 170 rental units;
  • 133 market rental units and 37 below market rental units;
• A total density of 6.19 FSR;
• A floor area of 107,050 sq. ft.;
• A building height of 159 ft.;
• 52 vehicle parking spaces and 317 bicycle parking spaces.

The application is being considered under the 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.

Gracorp acquired the site in 2021 for $28,830,000 or $269 per buildable SF based on the application.

I am pleased to introduce for sale 225 West 8th Avenue, a well-positioned office investment opportunity in the Mount Pleasant area of Vancouver.

This 21,000 SF, 4-storey concrete office building is fully leased and is ideally located to capture future rent growth in this burgeoning area of the City.

The building is located just two blocks from Broadway City Hall Canada Line Station, soon to become a transit hub in the region as it intersects with the Broadway Millenium Line Extension.

The site also benefits from future redevelopment potential through the forthcoming Broadway Plan, which could allow up to 6.0 FSR commercial/industrial development if assembled with neighbouring lots.

Please click here or contact me for further details.