A pair of soaring rental towers may be coming to Vancouver's Broadway Corridor, courtesy of QuadRealGroup and ReliancePropLtd. realestate realestatenews Vancouver rental residential towers
The proposed development site sits at 130 West Broadway, the former location of Mountain Equipment Co-Operative’s flagship store, which has been vacant for several years now after MECReliance and QuadReal are eyeing the site for a 29-storey East Tower and a 28-storey West Tower that would sit atop a shared single-story podium, which would also house commercial retail space, and a 37-space childcare facility.
All 524 will be secured market rentals, and the development would come without a loss of any existing housing units since the site is formerly commercial space. The applicants are now seeking to rezone the site from Commercial to Comprehensive Development, planning for a floor-space-ration of 8.46, just below the maximum 8.5 FSR allowed for rental buildings in this particular area of the Broadway Corridor.
The applicants note that their proposal makes use of larger-than-usual 7,200-sq.-ft floorplates, saying that “this larger floorplate is required to deliver exemplary livability for tenants, an integrated public realm, and the greatest number of transit-oriented purpose-built rental units possible.
“With the site’s convenient proximity to major bus and rapid transit routes, the proposed project would significantly benefit the surrounding area by providing housing and amenities , while also aligning with the growth targets approved for the Broadway Corridor,” Reliance and QuadReal wrote to the City in their application.
The site is notably located about midway between Cambie Street and Main Street in Mount Pleasant, along the corridor that was the focus of the
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