1555 Robson Street

GWL Realty Advisors (GWLRA) is pleased to announce the purchase of 1555 Robson Street, a development site that is located next to 1525 Robson Street, another development site recently purchased by the same investor client. The collective site encompasses 0.77 acres and has a right of zoning to accommodate about 400 units of purpose-built rental housing, together with more than 40,000 square feet of retail density.

"We are excited about the opportunity to combine 1555 Robson with our client's neighbouring ownership position,” said Steven Marino, Executive Vice President, Portfolio Management, GWLRA. “The combined site represents a rare, scaled opportunity in one of Canada and North America's most attractive and dynamic markets

GWL Reality Advisors Inc. has applied to the City of Vancouver for permission to develop the following on this site:

A mixed-use building, containing 393 secure market rental dwelling units, distributed amongst:
A 28-storey West tower, with an approximate height of 283 ft. (86 m)
A 29-storey East tower, with an approximate height of 293 ft. (89 m)
A combined floor space ratio of 9.625
Over two levels of retail, and four levels of parking
Under the site’s existing C-6 zoning(External link), the application is “conditional” so it may be permitted. However, it requires the decision of the Development Permit Board(External link).