Open House: 1444 Alberni Street and 740 Nicola Street
Tuesday, November 7, 2017
5 to 8 pm
Listel Hotel Impressionist Gallery (1300 Robson St)
- Two buildings (43 and 48 storeys)
- 314 market strata units and 129 market rental units
- A 56 space City owned childcare facility on Level 7
- Closure of Nicola Street between Alberni Street and the lane to create a new City park
- Applicant seeks an increase in density from current 6 to 15 FSR (floor space ratio)
- Located within the Georgia Corridor as defined in the West End Community Plan
- The permitted height limit is 300 ft. (“relaxable” by Development Permit Board to 450 ft or 137.2 m). “View corridors restrict height to between approximately 480 ft (146.3 m) and 410 ft (124.97 m)” across the site. The site is currently occupied by a mixed use building containing office and rental residential use.
- Vancouver based developers Asia Standard Americas and Landa in partnership with architectural firms Robert A.M. Stern Architects (RAMSA) and Musson Cattell Mackey Partnership (MCMP). “At the outset, it was unanimous that the design paid homage to the rich history of the surrounding area and incorporated the progressive nature of the West End Community Plan.”
- View the full application here (http://rezoning.vancouver.ca/applications/1444alberni_740nicola/index.htm)
- Project description here: http://rezoning.vancouver.ca/applications/1444alberni_740nicola/documents/03-ProjectDescription.pdf
This application is being considered under the West End Community Plan and Rezoning Policy for the West End.
Previous mention by West End Neighbours
1444 Alberni Street & 740 Nicola: 43 & 48 storey towers – Open House June 7
Seven proposals for 40+ storey towers within 2-3 blocks along Alberni-Georgia corridor (“thanks” to West End Community Plan)
West End block sells for twice what it did two years ago (by Joanne Lee-Young, Vancouver Sun, 29-Jan-2016)
Excerpt: Two adjacent properties taking up a prime, full city block on Alberni between Nicola and Broughton streets in the West End have been sold for almost twice what they went for less than two years ago. Alberni Street Nominee Ltd., which paid $83.4 million for the buildings at 1444 Alberni and 740 Nicola in March 2014, is under contract to sell them (which means the deal hasn’t been finalized), said local developer Bruno Wall, who is a partner in the company along with Peter Wall and others.
Wall declined to reveal the price and buyer.
The deal is estimated by real estate industry sources to be in the range of $160 million. The buyers are Hong Kong-based Asia Standard International Group Ltd. and Landa Global Properties, a relatively new, Vancouver-based developer headed by 27-year-old Kevin Cheung and Scott Wang, 31.
The two executives have been making a name for themselves in local real estate circles, sometimes paying high prices for prime locations….