A 10-storey mixed-use redevelopment is proposed for a site directly across from the Rio Theatre, near the northwest corner of the intersection of East Broadway and Commercial Drive.
The municipal government is still considering a rezoning application that will allow the construction of a new 106 ft. tall building at 1619-1651 East Broadway, replacing a three-storey residential building and a separate adjacent vacant property.
Currently, the proposal entails a total of 93 residential units, including 47 secured market rental units, and 46 market strata units. This translates to 30 studio units, 30 one-bedroom units, 26 two-bedroom units, and seven three-bedroom units.
The ground-floor will also offer a single commercial unit with an area of 5,245 sq. ft.. To support the residences and business, there will be 75 underground parking spaces and 117 bike parking spaces.
Overall, the project will have a floor area of 63,000 sq. ft. on the 15,700 sq. ft. site, giving the building a floor space ratio (FSR) density of 4.0 FSR.
The site is just one block away from the major Commercial-Broadway Station transit hub and is being considered under the City’s Grandview-Woodland Community Plan, which is expected to spur considerable redevelopment in the neighbourhood over the coming years.
So far, the largest project proposed to date in the immediate area is the redevelopment of the Safeway site next to the SkyTrain station with four towers reaching up to 24 storeys in height.