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New Mixed-Use Development Proposed By Viva Grand Developments
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(Posted on Jan 13, 2017 at 07:42PM by Michelle Bogle)
Viva Grand Developments has applied to rezone a site at Cambie Street and West 42nd Avenue in Vancouver, which is located across from Oakridge Centre. The firm is the North American office of Xiangli, a leading real estate company with 22 years of experience and over 350,000 square feet of residential, mixed-use and infrastructure development in China.Â
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Viva Grand acquired the 31,194 square foot site, which is currently occupied by single storey retail, in 2013 for $26,000,000.
The plan includes rezoning from the existing C-2 (Commercial) to a CD-1 (Comprehensive Development) under the Cambie Corridor Plan, which will allow for a 10 and 8-storey mixed-use development, including:
The plan includes rezoning from the existing C-2 (Commercial) to a CD-1 (Comprehensive Development) under the Cambie Corridor Plan, which will allow for a 10 and 8-storey mixed-use development, including:
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• 117 residential units
• 20 studios, 28 one-bedrooms, 50 two-bedrooms and 11 three-bedrooms
• Eight live-work units at the lane
• Six commercial units at grade totalling 14,700 square feet
• 21,000 square feet of office space
• Maximum building height of 116 feet
• Total density of 5.22 FSR
• 215 underground vehicle parking spaces and bicycle spaces
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Full details of the rezoning application can be viewed here.
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To learn more about this mixed-use development or other commercial projects underway across the Lower Mainland, please contact Marcus & Millichap’s Vancouver office to speak with a commercial real estate advisor.
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