PCI Developments and Low Tide Properties have submitted an application to redevelop the Safeway store site in Vancouver’s Kitsilano neighbourhood, according to published reports.

The submission to the City of Vancouver was expected after the two local companies acquired the property in the summer from Safeway’s `1`parent Sobeys. According to an Avison Young report, the purchase price was $90 million.

The development permit application outlines plans for a large mixed-use project that will replace the current grocery store and surface parking lot, according to the reports. Safeway is slated to to operate a new 42,000-square-foot store in the redeveloped property.

Plans also call for an additional 18,185 sf of additional retail space.

According to one of the reports, the proposal adheres to the site’s existing C-2B zoning, meaning that no rezoning is required. The report sited City of Vancouver records as the source of that information.

The report states that the project’s design, prepared by MCMP Architects, includes a courtyard-style building with varying heights: Nine storeys along West Third Avenue, six storeys along Vine Street, and five storeys along West Fourth.

The new development is slated to include 385 rental units, with a mix of 72 studio apartments, 176 one-bedroom units, 103 two-bedroom units, and 24 three-bedroom units, alongside 10 townhouses, the report says.

Further details are expected to be made public once the city publishes the application on a website that outlines development projects.

Rendering:  MCMP Architects, Low Tide Properties, PCI Developments