Posted Yesterday, 2:48 PM
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Registered User
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Join Date: Dec 2015
Posts: 10,068
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Quote:
Crestpoint, Anthem partner to acquire Vancouver high-rise dev. site
New Crestpoint Opportunistic Real Estate Strategy fund to hold 77% interest in 1318 Thurlow St. development
1318 Thurlow St. is a 0.4-acre development site at the southwest corner of Thurlow and Burnaby streets in downtown Vancouver’s popular West End neighbourhood. It had previously been owned by Strand and IntraCorp, which had originally proposed a condo tower for the property but then revised that to a 34-storey rental earlier this year.
Crestpoint and Anthem have submitted a site redevelopment plan to the city for a 32-storey tower on the 17,283-square-foot property.
It is to contain 300 apartments – 242 market rental units and 58 below-market rental units. They will comprise a mix of studio, one-, two- and three-bedroom units with both indoor and outdoor amenity spaces.
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The site redevelopment plan has been submitted to the city, with first and second reading expected in the fall of this year, then a public hearing/third reading will follow, according to the Anthem release.
Construction is anticipated to begin in the fall of 2025.
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https://renx.ca/crestpoint-anthem-pa...-rise-dev-site
Quote:
Revised Application - June 6, 2024 - Rezone to permit a 32-storey, residential building with 300 rental units (20% delivered at below market rates). A maximum height of approximately 82 m (269 ft.) with a rooftop amenity space above, a floor space ratio of 12.63 and 20,298 sq. m (218,490 sq. ft.) net floor area proposed. 122 parking spaces and 529 bicycle spaces in underground parking accessed from the rear lane are proposed. Rezone 1068-1090 Burnaby Street, 1318 Thurlow Street from RM-5A to CD-1 to permit a 34-storey, residential building with 311 units, of which 287 are secured market rental housing units, and 24 are social housing units (10% FSR) turnkey to the City, under the Criteria for 100% Secured Rental and Below-Market Housing as an Alternative to Inclusionary Social Housing in the Burrard Corridor of the WECP (WECP Rental Policy). An FSR of 12.25, with an net floor area of 19,663 sq. m (211,648 sq. ft.), and a height of 89.8 m (294.6 ft.) are proposed. 118 underground parking spaces (including 13 accessible spaces), 7 visitor spaces, 1 class A passenger loading space, and 2 class B loading space, are accessed from the rear lane. 498 Class A bike spaces and 17 class B bike spaces are located on-site. There are existing tenants on-site.
Type of Work: New CD-1
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https://plposweb.vancouver.ca/Public...ctId=190036351
Revised application
https://www.shapeyourcity.ca/1068-10...318-thurlow-st
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