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Tuesday, April 23, 2024

Below-market and market rentals planned at East Broadway and Renfrew

Epta Development Corporation is planning to develop a 12-storey rental tower with below-market units at East Broadway and Renfrew.

The developer is holding a pre-application open house for the upcoming development, designed by Studio One Architecture.

It will include:

  • 12-storey tower
  • Six-storey podium
  • A total of 175 units, 35 of which will be offered at below market rents under the city’s Moderate Income Rental Housing Pilot Program (MIRHPP)
  • Street level retail spaces

The MIRHPP homes will be targeted at households earning between $30,000 and $80,000 annually. Epta Development indicates the rents will be targeted at the following rates at project completion:

Unit TypeModerate Income Rental Rate
Studio$950
1-Bedroom$1200
2-Bedroom$1600
3-Bedroom$2000
East Broadway Renfrew rental rendering
Rendering looking southeast towards SkyTrain line. Credit: Studio One Architecture
East Broadway and Renfrew Tower and podium rendering
Tower and podium rendering. Credit: Studio One Architecture
Plaza at East Broadway and laneway
Rendering showing small plaza at East Broadway and the laneway. Credit: Studio One Architecture

The developer states: “Situated at the corner of Broadway and Renfrew Street, the site will retain a retail presence along Broadway to support the existing businesses to the east, as well as the Broadway Tech Centre to the south. Combined with the residents of the building, the proposal will bring more life to this corner and support the community with more affordable rental housing options and renewed retail options.”

The development site is 35,000 square feet and consists of the entire block along Renfrew Street between East Broadway and East 8th Avenue. It is currently occupied by six single-family homes, and a single-storey office building.

East Broadway Renfrew map
Location of upcoming rental apartment project at East Broadway and Renfrew. Credit: Studio One Architecture

There will be 130 underground parking stalls, and 310 bicycle parking spaces.

A virtual pre-application open house is underway at edcrenfrew.com

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Peter Meiszner
Peter Meiszner
Peter Meiszner is an experienced journalist and media relations professional, based in Vancouver. As founder of urbanYVR.com, he has been reporting on urban development across the Lower Mainland since 2016, and has also served as vice-chair of the Gastown Historic Area Planning Committee. In October 2022, he was elected to Vancouver city council and is no longer actively reporting for urbanYVR.

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