Mike Geric Construction Ltd. wants to put up two buildings on the site, starting at 11 storeys and “terracing down” to a five-storey structure beside the existing apartments and townhouse developments, a city report says.
The project would have a total of 242 condos — including 43 that would be secured in perpetuity as “affordable” and sold at 15 per cent below the appraised value.
Residents have voiced concern about the project’s proximity to the park as well as its density and height, which exceeds the four-storey limit in the official community plan
There’s also a covenant on the 1.3-hectare property that restricts the site to 98 residential units.