Infill Tower Planned for North Van Apartment Property
A preliminary rezoning application has been submitted by Chard Development in order to add much needed rental apartment density to an existing apartment property in the Central Lonsdale area of North Vancouver.
1441 St. George’s Avenue is a rental apartment building at St. Georges and East 15th Street. The existing building is 14-storeys with a 2-storey commercial podium. The building contains 80 rental residential units and 52 commercial units.
The rezoning application is proposing to rezone the property to allow for the construction of a new rental tower on the West side of the site, including:
- a 23-storey rental tower
- 175 new rental units
- 10 studios, 111 one-bedrooms, 114 two-bedrooms, 20 three-bedrooms (combined)
- a total combined density of 6.29 FSR
- purchase of 85,156 SF of density at $115 per SF
The site is currently zoned Central Lonsdale Mixed Use ‘C-1B’, which allows for a density of 2.60 FSR. The site is designated Mixed Use Level 4B land use in the Official Community Plan (OCR), which allows for an FSR of up to 3.0 with the potential for a density bonus of an additional 1.0 FSR.
The architect for the project is MCM Partnership Architects.
The property sold in September 2016 for $37,500,000, or $310,000 per existing unit.