Another rental housing project has entered its development permit application stage, with Matchpoint Development pursuing its next steps for its proposal to redevelop 8636-8656 Oak Street — mid-block between 70th Avenue and 71st Avenue — in South Vancouver.
The project’s rezoning under the Rental 100 Secured Market Rental Housing Program was first approved by Vancouver city council in a public hearing in September 2019.
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It will replace two smaller buildings constructed in 1954 and 1969, respectively, with a combined total of 43 units.
Designed by W.T. Leung Architects, the redevelopment proposal calls for a pair of 60-ft-tall, six-storey buildings with a combined total of 93 secured market rental homes. The unit mix is 45 studio units, nine one-bedroom units, 35 two-bedroom units, and four three-bedroom units.
According to the application, the project is split into two buildings to reduce the mass of the building frontage. A 24-wide entrance courtyard separates the two structures, with this ground-level outdoor space also entailing a playground and urban agriculture.
Both structures will be designed for LEED Gold green building certification, featuring green roofs, hydronic heating, and other design efficiencies.
Two underground levels will accommodate 73 vehicle parking stalls.
The total floor area is 58,775 sq. ft., giving the project a floor space ratio density of 2.5 times the size of the 23,518-sq-ft lot.