The rezoning hearing for the Beach Towers STIR project (click here to view rezoning application documents) is happening now.
Click here to watch the proposal live.
The owners of 1551 Pemberton Avenue, located just south of the McDonalds parking lot, are proposing a 4 storey mixed use building, consisting of 5,642 SF of commercial floor space on the main floor and 30 residential units on the upper 3 floors. The residential units are a blend of 1 and 2bedroom units ranging in size from 530 square feet to 918 square feet. There will be 59 underground parking spaces.
Source: District of North Van
From the LA Times:
Vancouver developer building $100-million apartments downtown
A Canadian developer has started work on a $100-million luxury apartment building in downtown Los Angeles, the first of three high-rise residential complexes it plans to build in the booming neighborhood.
Vancouver-based Onni Group is erecting a 
32-story tower on a former parking lot at the northeast corner of Olive and Ninth streets. The site is next door to a well-known 12-story office building that opened in 1926 as the headquarters of Pacific National Bank.
Onni’s building, to be known as 888 Olive, will have 283 units – each with a private balcony — over street-level shops and restaurants. It will have a swimming pool and fitness center, Onni said. Completion is set for early 2015.
Read more: http://www.latimes.com/business/money/la-fi-mo-apartments-downtown-20130201,0,2345668.story