Cressey Unveils Plans for Rental Building at 2nd & Main

Cressey has filed a rezoning application for a site at the corner of Main and East 2nd Avenue in East Vancouver.  The 18,683 SF triangular site at 1800-1880 Main Street is currently zoned IC-2, but the Mount Pleasant Community Plan allows for residential rezoning. 

The plan is for a redevelopment of the site to allow an 11-storey mixed-use building that includes:

      • 131 rental units;
      • 34 studios, 51 one-bedrooms, 36 two-bedrooms and 10 three-bedrooms
      • Two commercial units at grade;
      • A total density of 5.02 FSR;
      • A height of 113.4 ft.; and
      • 88 parking spaces (including 6 car share spaces).

1880 Main_11880 Main_21880 Main_3The architect for the project is Francl Architecture.

Cressey acquired the site in 2016 for $17,000,000, or $181 per buildable SF based on the rezoned density.

Cressey Acquires Main & 2nd Avenue Site in $17MM Deal

Cressey Development Group has acquired a 14,922 SF site at 1880 Main Street, at the Southeast corner of Main and 2nd, for $17,000,000. The triangular block, currently improved with lowrise retail buildings, is zoned IC-2. No development applications have yet been filed with the City of Vancouver.

1880 Main