GWL Realty Advisors Inc. has applied to the City of Vancouver for permission to redevelop the 264 ft. of frontage that they own in the 1500 Block of Robson Street at 1525-1555 Robson, at the corner of Cardero Street.

The site is an assembly of two separate site acquisitions, with the latter of the two at 1555 Robson acquired in April 2024 out of foreclosure, for $58 Million.

The plan for the combined site is two rental towers, 29-storeys and 28-storeys, with retail uses at grade. Details include:

• 393 market rental units;
• 40,000 SF of retail space on two levels (1.2 FSR);
• a total density of 9.625 FSR;
• four levels of underground parking with 251 parking stalls.

The application is “conditional” so it may be permitted. However, it requires the decision of the Development Permit Board.

The architect for the project is Arcadis.

VivaGrand Developments has applied to the City of Vancouver for permission to develop 1555 Robson Street, a site at the corner of Robson and Cardero Streets in Downtown Vancouver. The 132 x 131 ft site is located in the West End Community Plan which rezoned the property to C-6, which conditionally allows for a market residential highrise if social housing and commercial space is included.

The site sits directly south of 1550 Alberni, a 43-storey condo tower by Westbank currently under construction.

The proposal is for a 28-storey tower that includes:

• 177 residential units including 24 units of social housing;
• Retail on the ground floor;
• Office space on floors 2-3;
• Social housing on floors 2-7;
• Condos on floors 8-28;
• A total density of 9.63 FSR:
• A building height of approximately 300 ft.

Vivagrand acquired the site in October 2017 for $79,500,000 or $455 per buildable SF based on the gross floor area in the application.

The architect for the project is IBI Group.

The full development application can be viewed here: https://development.vancouver.ca/1555robson/index.htm

A 17,263 SF site at the Northeast corner of Robson Street and Cardero Street has sold to Vivagrand Developments for a purchase price of $79,500,000. The site is designated within the West End Community Plan to allow a density for a highrise, up to a total density 8.75 FSR.

The site, formerly occupied in part by Blockbuster Video, sits directly South across the lane from Westbank’s project at 1550 Alberni.

One of the current retail tenants in the property was featured today in a CBC in a story regarding skyrocketing property taxes.