72-Units Proposed for Cambie & 59th Street Site
A rezoning application has been filed for the Flamingo Restaurant site at 7516-7550 Cambie Street. The 29,500 SF site, which consists of three lots, is currently zoned C-1 & RT-1 and RS-1. The proposal, which is being made under the Cambie Corridor Plan, includes:
- Two 6-storey buildings
- ground-level commercial space
- 72 residential units;
- a density of 2.9 FSR
- a total height of 76.8 ft
- 133 underground parking spaces
The site sold in March 2014 for $12,500,000, or $146 per buildable SF if the proposed density is achieved.
This is the 27th rezoning application being made under the Cambie Corridor Plan since it came into place in 2011.