South Granville Station development proposal released
The northeast corner of Broadway and Granville is poised to be transformed.
PCI Developments has filed a development permit application for 1465 to 1489 West Broadway for a five-storey mixed-used building with an entrance on the southwest corner of the site for one of the stops on the Broadway subway extension.
The application includes plans for at-grade retail space and financial institution use, and six storeys of below-grade parking with access from the lane.
The development site features an existing four-storey office building, constructed in 1957, whose main floor is home to an RBC branch. It’s moving out in November. The building is otherwise vacant.
Those businesses are aware of the plans, according to PCI. In accordance with their leases, the company says the businesses will be officially notified, within the next 30 days, of lease termination effective January 2020.
Current zoning on the site allows for a five-storey building with office, residential and/or retail. Under that zoning, the application is conditional so it might be allowed but it requires a decision from the City of Vancouver’s development permit board. Demolition is expected to start this December, subject to city permitting, and the project is anticipated to take approximately three years to complete.
But details of the plan, including the time it takes to complete the project, may change.
Through the Broadway Plan, the site might be identified for greater density, which is why PCI’s current development permit application includes six levels of underground parking and extra elevator core for future consideration. Once the Broadway Plan is completed, PCI will amend its development plans to suit the plan’s outcome.