PCI Group, in partnership with HOOPP, have completed their acquisition of the Alsco site, a 1.66 acre redevelopment property in the Mount Pleasant area of Vancouver.
The site, located at 5 West 4th Avenue between Ontario and Manitoba Streets is L-shaped and is zoned I-1. The I-1 zoning permits a density of 3.0 FSR, or just over 205,000 SF.
Westland Homes’ proposal for a 52,532 SF Metrotown land assembly at 6450-6508 Telford Avenue will head to public hearing next week.
The subject site is within the Maywood neighbourhood of the Metrotown Downtown Plan area and is comprised of four properties: two strata buildings, a rental building and a vacant lot.
The Metrotown Downtown Plan designates the subject site for high-density multiple family residential development under the RM5s Multiple Family Residential District as a guideline.
The site will be subdivided into two legal parcels. The proposal on the northern parcel is for a 51-storey high rise building comprised of 44 levels of market strata residential uses atop a commercial podium with 6 levels of offices and one level of street fronting retail. The southern parcel is proposed to be developed with a 22-storey market and non-market rental apartment building.