Vancouver Stock Exchange building expansion to move ahead.

  

 

VANCOUVER — Global investment banking giant Credit Suisse will move ahead with plans to construct a 30-storey office tower over top the historic Vancouver Stock Exchange building after city council voted Tuesday to approve a rezoning application that will more than double the maximum density on the site.

The Exchange project, worth an estimated $200 million, will add 369,000 square feet of premium office space to the downtown core and employ an estimated 400 people during construction.

City staff had earlier recommended council approve the application, reasoning that it will contribute to Vancouver’s job space, economic development, heritage and sustainability objectives.

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Courtesy of the Vancouver Sun

The historic Vancouver Stock Exchange building at the corner of Howe and Pender streets is poised to get a $200-million overhaul as part of a major commercial development proposed by global financial giant Credit Suisse.

Orr Development has applied to rezone 3002-3036 West Broadway from C-2C to CD-1 to build a 5-storey, 83-unit market rental building, with a total density of 3.5 FSR, and a height of 61 feet. A total of 26 commercial and 63 residential parking stalls are proposed. The site is 20,889 SF. Under the existing C-2C guidelines, the maximum height is 4-storeys with setbacks.

The project includes 16,000 SF of commercial space on the ground floor and includes 19 studios, 41 one-bedrooms, 19 two-bedrooms, and 4 three-bedrooms.

The rezoning application is being considered under the Rental 100: Secured Market Rental Housing Policy.

Buffalo Investment (Canada) Ltd. has applied to rezone 755-795 West 41st Avenue in the Oakridge area of Vancouver from RS-1 to CD-1 to build a 6-storey residential building, at a density of 2.72 FSR, including 0.25 FSR for market rental units. The architect is iConstrux Architecture Ltd.

Buffalo had acquired the site, a collection of single family lots, in November 2011 for $15,750,000, or $169 per buildable SF based on the intended rezoning. The market rental units will be located on the ground floor.