Wall to Build Affordable Housing at Seymour and Helmcken

Wall Financial has applied to the City of Vancouver to rezone 1107 Seymour Street from DD to CD-1 to build approximately 22,200 sq. ft. of Social Amenity Space and 56,050 sq. ft. of affordable rental housing, or 81 units. The proposed development will provide 11 floors of affordable rental housing over four levels of office space for the non-profits Positive Living Society of BC and AIDS Vancouver. Two levels of underground parking accessed from the lane will provide 22 parking stalls, bicycle storage and associated service space. The building will be 155 ft. in height and have a density of 8.69 FSR.

Wall acquired the site in October 2011 for $5,000,000, or approximately $185 per buildable sq ft. The site is currently improved with a 2-storey office building.