1450 West Georgia | 49 fl | Proposed

[City Of Rain]

An eighth new major tower has been proposed for a site located within the one block radius around the intersection of Nicola Street and West Georgia Street in downtown Vancouver.
Local developer Wesgroup Properties has partnered with Yamamoto Architecture to redevelop 1450 West Georgia Street — the southeast corner of the intersection — into a new mixed-use building.
The half-block site is currently occupied by an aging, 1955-built, 25-storey building with 162 rental units. Its latest assessed value by BC Assessment is $92 million.
The proposal calls for a new 49-storey residential tower reaching a height of about 500 ft, extending approximately 61 ft into the bottom of the Queen Elizabeth Park view cone. About 349 new homes will be created, with 162 replacement units of rental housing within the lower floors of the building and 187 units of market ownership units within the upper portion.

The unit mix is 51 studio units, 140 one-bedroom units, 139 two-bedroom units, and 19 three-bedroom units.





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img]https://images.dailyhive.com/20181120201536/1450-West-Georgia-Street-Vancouver-1.jpg[/img]

49-storey, tree-inspired condo tower proposed for downtown Vancouver | Urbanized

An eighth new major tower has been proposed for a site located within the one block radius around the intersection of Nicola Street and West Georgia Street.

dailyhive.com

 

[City Of Rain]

The project is currently in its pre-application phase, and a formal rezoning application is expected sometime this winter for a possible public hearing and City Council decision in fall 2019.

Wesgroup will offer an extensive tenant relocation assistance program to the residents of the existing building and provide a substantial community amenity contribution towards the City’s West End Community Plan’s long-term community amenity program.

If approved, construction could begin in 2021 for a completion in 2024.

This development site’s immediate vicinity is host to a number of other major development projects, such as Ole Scheeren’s Jenga Tower at 1500 West Georgia Street, the New York-style towers by Robert AM Stern at 1444 Alberni Street, and James Cheng’s flat iron tower at 1450 West Georgia Street, which has been postponed.