Tall & Urban News

New Vancouver City Council Approves a 48-Story Residential Tower

20 January 2023 | Vancouver, Canada
© ACDF Architecture | courtesy of Arcadis IBI Group
© ACDF Architecture | courtesy of Arcadis IBI Group

The Vancouver City Council has approved its first new building after a rezoning application following reappointments in the council. 

During the second public hearing of this term, Pacific Northern Developments’ proposal to build a 48-story, mixed-use residential tower at 1063-1075 Barclay Street — was approved by all members. The architecture design is by ACDF Architecture and Arcadis IBI Group. The building will host a total of 372 units, including 285 condos and 87 social housing units. 

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Originally submitted in June 2020 the zoning application was updated in August 2022 to set aside more social housing, with 27 percent of the building’s residential floor area dedicated to social housing, which was higher than the 25 percent requirement. 

The social housing component also serves to replace the 40 existing rental homes found on the site.

The units include 192 one-bedroom units, 118 two-bedroom units, and 62 three-bedroom units. Nearly 50 percent of the units are big enough for two families, exceeding the municipal requirements for such a project.

The project’s community amenity contribution (CACs) is an in-kind value of US$44.2 million (CA$59.4 million), incorporated into the building by providing inclusionary social housing — an average cost of about US$505,716 (CA$680,000) per social housing unit. The municipal government will own the social housing floors and select the non-profit operator.

For more on this story, go to Daily Hive.