rental

GECC (Global Education Communities) has submitted a rezoning application for a site they own at the corner of Cambie & 48th in Vancouver. The site was previously rezoned for a 10-storey, 78-unit market rental project, but was then sold in 2024 to GECC by Casey Weeks and Morgan Iannone of Colliers. Under the new TOA rezoning policy, a new proposal “GEC Langara” has been brought forward to allow for the development of a 26-storey rental building and includes: 182 rental units (20% below market); 1,100 SF of retail space; a total density of 10.24 FSR; and A building height of 261 ft. The application is being considered under the  Transit-Oriented Areas Rezoning Policy  and  Cambie Corridor Plan. The application requests consideration of density and height in excess of the existing policies. The 2024 sale at $17,500,000 equates to $111 per buildable SF. The architect for the project is Urban Solutions Architecture. The full rezoning can be viewed here: https://rezoning.vancouver.ca/applications/6428-6438-cambie-st-and-480-488-w-48-ave/application-booklet.pdf