Matchpoint Development has submitted their rezoning application for the 600 Block of West 33rd Avenue, just West of Cambie Street.

The proposal is to allow for the development of a 5-storey mixed-use building that includes:

• 82 condo units;
  • 18 studios, 17 one-bedrooms, 24 two-bedrooms, 15 three-bedrooms & 8 four-bedrooms;
• 20,000 SF of commercial space (10 CRUs);
• a total density of 2.65 FSR;
• A building height of 55 ft.

This application is being considered under the Cambie Corridor Plan.

The architect for the project is GBL Architects.

The site was assembled in 2018 for $25,060,000 or $227 per buildable SF based on the application.

The City of Vancouver will consider a recommendation to makes changes to the West End Rezoning Policy regarding social housing requirements.

The report indicates the following recommended changes in Areas 1 & 2 of the West End Plan (depicted below):

• Reducing the inclusionary social housing requirements 25% of the residential floor area to 20% or one-for-one replacement of the existing rental housing, whichever is greater
• Introducing a cash-in-lieu option that reflects the costs for the City to deliver such social housing offsite, including land and construction, which will be determined on a case-by case basis through the rezoning process.

The reduction to the inclusionary social housing requirement is recommended as an interim measure for two years until December 31, 2026, or until adoption of a new Inclusionary Zoning By-law that would supersede this rezoning policy.

Three projects have been approved for rezoning with the 25% social housing but have not yet started construction. These projects would require a new application to be granted the reduction.

The full report can be viewed here: https://council.vancouver.ca/20240924/documents/r1.pdf

Greystar has submitted their rezoning application for the 50,362 SF McDonald’s site at 1527 Main Street that they acquired last year for $80 Million.

The proposal is to allow for the development of a 22-storey and 18-storey rental building with a seven-storey podium and includes:

• 371 market rental units;
• a new 7,800 SF McDonalds on the ground floor’
• a total density of 5.97 FSR;
• A building height of 230 ft. with additional height for rooftop amenity space.

This application is being considered under the Secured Rental Policy and Southeast False Creek Official Development Plan.

The architect for the project is Dialog.