Elliot Funt Real Estate Advisor Engel & Völkers Vancouver

Elliot Funt
Real Estate Advisor
Engel & Völkers Vancouver

Twin Highrises at Barclay & Thurlow

 Summary

Please note that this information has been taken from the DailyHive Vancouver:

Two residential towers with the same height but varying number of floors – 48 and 49 storeys, respectively – will replace four existing apartment buildings ranging between three and nine storeys at the city block.

Under existing height and view cone regulations, the site permits building heights of up to 550 ft, but the proposed design will not hit this height ceiling.

It will still appear taller than it actually is in the skyline because of the site’s high elevation over 100 ft above sea level.

A total of 680 residential units are planned, with 190 units – approximately 25% – dedicated as social housing to not only replace the demolished rental housing units but also add to the stock.

Developer - BOSA Properties

Local developer Bosa Properties, in partnership with Kingswood Capital, plans to submit a rezoning application for 1070 Barclay Street – a site at the southeast corner of the intersection of Barclay Street and Thurlow Street, next to Robert Lee YMCA.

Architect - Büro Ole Scheeren

This is world-renowned German architectural firm Büro Ole Scheeren’s second design in North America after the proposed ‘Jenga Tower’ at 1500 West Georgia Street, another Bosa Properties project. 

Social Housing Component

“Bosa Properties is dedicated to supporting existing tenants. A draft Tenant Relocation Strategy Plan that exceeds the City’s minimum requirement has been submitted to the City, and a full-time tenant relocation coordinator has been engaged to provide a point of contact for tenants and to provide the assistance required,” reads a statement prepared for Daily Hive

“Tenants meeting the eligibility requirements will also have the first right of refusal for the new social housing, giving them an opportunity to return the neighbourhood.”

Adhering to the City of Vancouver’s High Density Housing For Families & Children Policy, there will be 30% two-bedroom units and 20% three-bedroom units or more within the social housing portion of the development.

For the market residential units, 25% will have two bedrooms and 15% will have three bedrooms or more.

Also planned are ground-level retail spaces and indoor and outdoor residential amenities.

Other Developments in the area:

Nelson on the Park - link to Blog Post

  • 'Nelson on the Park' be seen in the first image on this post (tallest building behind the Bosa project at 60 stories). Please note that the artist rendering of the Nelson on the Park development may be a little off as this image showing all the buildings together is one done by Bosa, not the developers of Nelson on the Park.

The Butterfly by Westbank

  • Please contact me for further details about The Butterfly development, Westbank is currently being highly private about this project.
  • 'The Butterfly' can be seen to the in the image and represents the second tallest building in this photo (at 57 stories). The Butterfly is likely to be the first building in this area to go on sale (sometime extremely soon).

Please contact me at elliot@funt.ca or at (778) 991-3868 if you are interested in any of these three projects.

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