Apartment, Development

32-Storey Rental Building Proposed for Pacific Street Site

Wall Financial has submitted a rezoning application for a site at 1065 Pacific Street in the West End area of Downtown Vancouver.

The 12,972 SF site is currently improved with an older, 3-storey walkup apartment building containing 30 units.

The proposal is to allow for the development of a 32-storey rental building over five levels of underground parking accessed from the lane. The proposal includes:

  • 180 rental units;
  • 144 secured market rental units and 36 below-market rental units;
    • 117 one-bedrooms, 62 two-bedrooms & 1 three-bedroom unit;
  • A total density of 11.19 FSR;
  • A building height of 300 ft.; and
  • 100 vehicle parking spaces accessed via car elevator and 344 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.

January 19, 2023by david.taylor@colliers.com