A walk-up apartment building in Metrotown has sold for $10,400,000, or $216,667 per unit. The building is located on a 32,500 SF site at 6425 Silver Avenue, just south of a number of large-scale developments on Beresford Street. The zoning for the property is RM-3 and it is not known if the OCP will permit a higher density when the new Metrotown Area Plan is released. The buyer was a local investor.
By ChangingCity
This isn’t a rezoning proposal yet, but no doubt something like it will appear as a proposal soon. It’s for a site that’s one of very few where the Downtown Eastside Plan allows the possibility of 150 feet tall buildings. On the corner between V6A and Ginger, Studio One Architecture have posted a picture of a building that has a cornice at a similar height to those buildings, and a taller element set back from that cornice.
Currently there’s a tired hostel that’s supposed to be a Single Room Occupancy hotel, a former vegetarian restaurant that still retains a yoga studio, the Brickhouse club (which is seldom if ever open these days) and the virtual reality version of history represented by the Jimi Hendrix shrine (as there’s no actual direct connection between Jimi and the shrine’s location, which started life as a cab stand and was later a storage room for a now-demolished restaurant).
Source:: Changing City Updates
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