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It came down to a 7-2 vote, with NPA councillor Colleen Hardwick and COPE councillor Jean Swanson in opposition, Green Party councillor Pete Fry abstaining, and independent councillor Rebecca Bligh absent.
Pennyfarthing Development’s initial proposal in 2018 containing 66 condominium homes was approved by city council in March 2019, but those plans were cancelled soon after, and a revised application with 100% rental housing tenure with 90 units was submitted in August 2020. The density, height, and overall architectural design by Raymond Letkeman Architects remains the same.
The secured market rental unit mix is 21 studios, 37 one-bedroom units, and 32 two-bedroom units.
Site of the rental housing project at 4118-4138 Cambie Street, Vancouver. (City of Vancouver)
Existing condition:
Future condition:
Artistic rendering of 5910-5998 Cambie Street, Vancouver. (Perkins + Will Architects)
There will be 270 hotel rooms and 168 condominium homes. The strata unit mix is 99 one-bedroom units, 46 two-bedroom units, and 23 three-bedroom units. Additionally, 10 artist live-work studios will be incorporated.
Hotel guests and strata residents will share some of the building’s amenities, such as a fitness gym. Residents will also have their own indoor and outdoor amenity space on the condominium tower rooftop. Hotel guests will have a separate indoor and outdoor amenity area on the hotel tower rooftop, including a guest-only fitness gym.
Approximately 4,400 sq ft of retail space will be on the ground level, where the hotel lobby, marketplace, and restaurant will also be.
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This requires 20% of the residential floor area be dedicated for moderate income households translating into eight units with below-market starting rents ranging from $950 monthly for studios and up to $2,000 monthly for three-bedroom units. Moderate incomes are defined as incomes between $30,000 and $80,000.
The remaining units will be rented at market rates.
The unit mix is eight studio units, 14 one-bedroom units, and 13 two-bedroom units.
Existing condition:
Future condition:
Artistic rendering of 3084 West 4th Avenue and 2010 Balaclava Street, Vancouver. (Ekistics Architecture)
The total floor area is 21,824 sq. ft., giving it a floor space ratio density of 2.95 times the size of the 7,400-sq-ft lot. A single underground level will contain 15 vehicle parking stalls and 54 bike parking spaces.