Cressey Developments has submitted their application to rezone the 24,149 SF site they own at 425 West 6th Avenue, at the Northwest corner of Yukon and 6th, from C-3A to CD-1 to permit the development of a 9-storey office building.

The proposal includes:

• 155,147 SF of office space;
• 16,504 SF of ground floor retail;
• A total density of 7.11 FSR;
• A building height of 131.35 ft.;
• 298 underground parking spaces and 40 bicycle spaces on 5 levels; and
• 2 Class A and 5 Class B loading spaces.

This application is being considered under the Metro Core Jobs and Economy Land Use Plan.

Cressey acquired the site in 2013 for $14,500,000, or $85 per buildable SF based on the rezoning application.

The architect for the project is IBI Group.

Westbank and Hootsuite have submitted their formal development application for a 2.8 acre site in Mount Pleasant. The site is divided by a lane and fronts onto Ontario Street between East 4th and East 5th Avenue. 

The I-1 zoning for the site was amended by the City of Vancouver earlier this year to I-1A and I-1B, to allow for more flexible uses, density and building form; essentially to accommodate Hootsuite’s use in the Westbank proposal for the subject site.

The proposal for the two sites includes:

102 East 4th Avenue (the North site)

• A 8-storey mixed-use building containing Industrial and Office uses 
• An approximate height of 107 ft.; and
• A total density of 5.0 FSR (148,918 SF); and,
• 5 levels of underground parking providing a total of 394 parking spaces having vehicular access from the lane.

110 East 5th Avenue (the South site)

• A 9-storey mixed-use building containing Industrial and Office uses
• An approximate height of 122 ft.; 
• A total density of 6.0 FSR (142,579 SF); and
• 5 levels of underground parking providing a total of 287 parking spaces having vehicular access from the lane
  

A perspective view of the overall campus

Westbank acquired the site in 2015 for $40,475,000, or $139 per buildable SF based on the current development application.

The architect for the project is Henriquez Partners Architects.

We are pleased to introduce this 34,000 SF office building located at the prominent corner of East Hastings Street and Boundary Road – the Eastern gateway to the City of Vancouver. This is an excellent opportunity for an investment with future redevelopment potential.

Brochure – 3680 Hastings Street