Polygon Homes, who successfully bid for a full city block on West Esplanade from the City of Vancouver last year, is looking for an OCP amendment to allow a highrise. Two development options presented to council for the 2.24 acre property at 255 W. 1st Street include a mix of residential and commercial uses to a density of 2.6 FAR.
Option 1 includes a Concept a 5-storey built form with commercial uses accessible from W. Esplanade and residential uses above. Development is divided into two buildings. The larger building is “U” shaped with the opening facing south to maximize on harbour/city views as well as light exposure. The second building runs parallel to Mahon Avenue.
Option 2 proposes a 7 storey building on the western edge of the site running parallel to Mahon Avenue, terracing gradually down to a 4 storey street wall against W. Esplanade. A separate 16 storey tower is proposed in the southeast corner of the site containing the rest of the residential density. Because the existing OCP only allows 6-storeys, this option would require an OCP amendment; however, it is supported by the City.