Concord Pacific unveiled plans October 2 for eight residential towers containing a total of 1,300 homes and 90,000 square feet of retail and hospitality space.
The buildings’ residents will help populate a new neighbourhood at the north end of the Cambie Bridge and add life to the area that connects the Marinaside, Coopers Park and Yaletown districts to the area near BC Place.
Paragon Development Ltd. is also active landlord in the area given its plans to build a $535 million resort connected to BC Place.
The four Concord Pacific towers closest to the Cambie Bridge will be condominiums whereas the other four buildings will be for what the City of Vancouver considers “affordable housing.”
Concord Pacific spokesman Peter Udzenija told Business in Vancouver that the city has not yet determined whether those buildings will be rental buildings or subsidized housing.
The two condominium towers adjacent to the bridge on the east side will be known as One Pacific and are in one of the city’s view corridors. This means their height will be capped at 18 storeys, which is about the height of BC Place, Udzenija said.
The two buildings on the west side of the bridge have yet to be named so they are informally referred to as 5B West. They are not in a view corridor so are eligible to be taller than 18 storeys. Those buildings’ exact shape is not yet known, as Concord Pacific and the city has yet to come to a final agreement on community amenity contributions (CACs) connected to the site.
Skybridges are expected to connect the two towers on the west side of the bridge. The two buildings on the east side of the bridge are also to be similarly connected.
“45,000 square feet of retail space will be in the One Pacific,” Udzenija said. “There will be a 30,000-square-foot fitness facility and a large dining component.”