16-Storey Rental Building Planned for West End Site
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.