Nicola Proposing 22-Storey Rental Tower for False Creek Flats Site

Nicola Real Estate has submitted a rezoning application for a site that they recently acquired in foreclosure at 304-316 East 1st Avenue at Scotia Street.

The proposal is to allow for the development of a 22-storey rental tower with a 2-storey podium and includes:

• 181 units with 20% of the floor area for below-market rental units;
• 3,742 SF of retail space;
• 13,341 SF of office space;
• a total density of 9.80 FSR;
• A building height of 232 ft.

This application is being considered under the Broadway Plan and requests additional height and density in excess of the existing plan.

The architect for the project is MCM.

The full application can be viewed here: https://rezoning.vancouver.ca/applications/304-316-e-1-ave/application-booklet.pdf