The formal rezoning application for 1444 Alberni Street and 740 Nicola Street has been released to the public. The project, revealed in the Vancouver Sun yesterday as the world’s tallest passive-house towers, will now go through the formal rezoning process with the City of Vancouver. The project is a partnership between Asia Standard and Landa Global, who acquired the site in 2016.
The site comprises a whole city block totaling 43,282 SF. The site currently contains rental units that will be retained.
The proposal is for two residential towers with:
- 314 market residential units;
- 129 market rental units;
- a total of 443 units;
- 34 studios, 167 one-beds, 188 two-beds, 34 three-beds & 20 four-beds
- a total density of 14.95 FSR;
- six levels of underground parking with 484 vehicle parking stalls and 562 Class A bicycle parking spaces;
- building heights of 442.0 ft. (East Tower) and 405.0 ft (West Tower);
- a 56 space City owned childcare facility on Level 7; and
- closure of Nicola Street between Alberni Street and the lane to create a new City park.
This application is being considered under the West End Community Plan.
The site was sold in Apirl 2016 for $170.1 Million, or $263 per gross SF based upon the rezoning application.