Robson Street Site Sells in $79.5 Million Deal

A 17,263 SF site at the Northeast corner of Robson Street and Cardero Street has sold to Vivagrand Developments for a purchase price of $79,500,000. The site is designated within the West End Community Plan to allow a density for a highrise, up to a total density 8.75 FSR.

The site, formerly occupied in part by Blockbuster Video, sits directly South across the lane from Westbank’s project at 1550 Alberni.

One of the current retail tenants in the property was featured today in a CBC in a story regarding skyrocketing property taxes.

Redevelopment of Empire Landmark Hotel Includes 280 Units

Asia Standard has filed their development application for the 357-room Empire Landmark Hotel Site on Robson Street. The C-6 zoned site is currently improved with a 41-storey hotel and the redevelopment potential arose out of the new guidelines in the West End Community Plan which was adopted in 2014.

Redevelopment plans for the 40,920 SF site include:

  • Two towers, one 28-storeys and 30 storeys
  • 280 residential units (57 social housing units /223 market units);
  • retail use on the ground floor and office use on the second and third floors;
  • 393,850 SF of floor area;
  • total density of 9.63 FSR
  • building height of 300 ft.; and
  • four levels of underground parking accessed from the lane.

The social housing is located in the podium of the building.

1488-robson_1 1488-robsonInterestingly, the existing hotel is 394 feet; taller than the proposed tower replacements, albeit at lower density.