Peterson Group have submitted a rezoning application for a site at 1375-1379 Kingsway.
The 12,010 SF C-2 zoned site is located on the south end of a triangular-shaped block at the corner of Kingsway and Knight Street.
The proposal is to allow for the development of a new 6-storey rental building. Details include:
- 49 market rental units;
- 20 studios, 11 one-bedrooms, 15 two-bedrooms & 3 three-bedrooms;
- 5,900 SF of retail space;
- A total density of 3.80 FSR;
- A building height of 79 ft.;
- 34 vehicle parking spaces and 98 bicycle parking spaces.
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The application is being considered under the Secured Market Housing Policy (Rental 100).
The architect for the project is Yamamoto Architecture.
The site was acquired in 2018 for $8,250,000, or $173 per buildable SF based on the application.