Vancouver-based developers PCI Developments and Low Tide Properties have announced plans for their third joint project, located at 2315 West 4th Avenue, on the northwest corner of Vine Street.
The site, currently home to a Safeway and parking lot, was purchased from Sobeys (Safeway’s parent company) for $90 million in January, according to a report by commercial real estate firm Avison Young.
Plans for the site feature a large courtyard-style building with varying heights: nine storeys along West 3rd Avenue, six storeys along Vine Street, and five storeys along West 4th Avenue.
The development will offer 385 rental units, including 72 studios, 176 one-bedroom units, 103 two-bedroom units, and 24 three-bedroom units, along with 10 townhouses. A new Safeway spanning 42,000 sq. ft and an additional 18,185 sq. ft of ground-level retail space are also part of the project.
Last modified: November 27, 2024
