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Charlie Hughes specializes in representing sellers and buyers of multifamily property exclusively within the city of Vancouver a
2975 Oak Street - Sante Fe Apartments Redevelopment Project
Aquilini Development Building Iconic 11-Storey 50-Unit Rental Tower
Developers are beginning to provide Vancouver residents additional supply in the form of purpose-built rental projects amidst the dramatic rise in home ownership costs. Previous posts have identified the various approved/underway purpose built rental developments in the City of Vancouver, whereas this post will focus on the specific project at 2975 Oak Street at the intersection of Oak Street & W 14th Avenue.
The City of Vancouver did a phenomenal job of granting additional rental housing at this double-lot site consisting of two 50'x 125' parcels. Whereas the old site only possessed 14-units on the 6,250 sq ft lot, the newly finished job will house more than 3x the residents once the 50-unit tower is completed. The RM-3 zoning granting 1.0 FSR was upped to 1.9 FSR due the site being on a corner lot and then Aquilini Development was awarded a bonus to up the site to 2.8 FSR. I think this is a tremendous project for the community as dozens more residents can call Vancouver home in a newly constructed building free from any deferred maintenance, building envelope issues, or neglected conditions that exist on some older sites in the city. Take a look at the amazing project below:
The existing facade was retained in the design under a Heritage Revitalization Agreement (HRA)
Close up of the facade on the new Sante Fe/The Van Arsdel Apartments at 2975 Oak Street in Vancouver
Snapshot of the development application which was approved by the city of Vancouver
Charlie Hughes
Multi-Family Investment Broker
Marcus & Millichap
Please send us an email if you are interested in:
-receiving Vancouver multifamily research reports
-selling multifamily property
-buying multifamily property
Email: charlie.hughes@marcusmillichap.com -OR-
Call: Charlie Hughes directly at 604-675-5259
Aquilini Development Building Iconic 11-Storey 50-Unit Rental Tower
Developers are beginning to provide Vancouver residents additional supply in the form of purpose-built rental projects amidst the dramatic rise in home ownership costs. Previous posts have identified the various approved/underway purpose built rental developments in the City of Vancouver, whereas this post will focus on the specific project at 2975 Oak Street at the intersection of Oak Street & W 14th Avenue.
The City of Vancouver did a phenomenal job of granting additional rental housing at this double-lot site consisting of two 50'x 125' parcels. Whereas the old site only possessed 14-units on the 6,250 sq ft lot, the newly finished job will house more than 3x the residents once the 50-unit tower is completed. The RM-3 zoning granting 1.0 FSR was upped to 1.9 FSR due the site being on a corner lot and then Aquilini Development was awarded a bonus to up the site to 2.8 FSR. I think this is a tremendous project for the community as dozens more residents can call Vancouver home in a newly constructed building free from any deferred maintenance, building envelope issues, or neglected conditions that exist on some older sites in the city. Take a look at the amazing project below:
The existing facade was retained in the design under a Heritage Revitalization Agreement (HRA)
Close up of the facade on the new Sante Fe/The Van Arsdel Apartments at 2975 Oak Street in Vancouver
Snapshot of the development application which was approved by the city of Vancouver
Charlie Hughes
Multi-Family Investment Broker
Marcus & Millichap
Please send us an email if you are interested in:
-receiving Vancouver multifamily research reports
-selling multifamily property
-buying multifamily property
Email: charlie.hughes@marcusmillichap.com -OR-
Call: Charlie Hughes directly at 604-675-5259
