A new 16-storey tower containing a mix of market and below-market rental homes is proposed in downtown Vancouver’s West End neighbourhood.
Gracorp, a subsidiary of Graham Construction, is proposing a new rental building development in Vancouver’s West End, which is currently up for public hearing for residents to voice their concerns or support for the project. The proposed development will be located at 1045 Burnaby Street, replacing a four-storey, 37-unit strata condominium building.
Gracorp is proposing a 16-storey building in its place, which would include 170 rental units, 37 of which will be secured at below-market rates. The proposed building will have two levels of underground parking with 52 vehicle stalls and 317 bicycle stalls. The building will have 69 studio units, 38 one-bedroom units, 57 two-bedroom units, and six three-bedroom units.
The site is currently zoned as RM-5A (Residential), which does not allow for the proposed density. Hence Gracorp is seeking to rezone the site to CD-1 (Comprehensive Development) to allow for the proposed floor space ratio (FSR) of 6.19.
The Gracorp project falls under the Burrard Corridor of the West End, and the West End Rezoning Policy allows developers the option of going 100% rental with 20% of the floor area as below-market units, as an alternate to including social housing. The project is eligible for a Development Cost Levy (DCL) waiver.
GBL Architects is the project’s architect, and the building will reflect a contemporary, monochromatic theme, with an articulated massing volume and a punched-window expression, according to the architect.