PCI Developments is applying to rezone part of Vancouver’s Mount Pleasant district under the city’s new creative-industrial zoning category for the area.
Vancouver-based PCI recently submitted a rezoning application to redevelop properties at the northwest corner of the intersection of West Fourth Avenue and Ontario Street, the Daily Hive reported.
If all goes according to plan, the development will feature a high concentration of office and creative light-industrial job spaces. A current heritage building leased to Alsco Uniforms would be retained. Two new 10-storey and 11-storey buildings would replace demolished low-rise structures.
Architectural firm Perkins & Will has designed the redevelopment.
The rezoning application comes after Vancouver’s first creative-industrial-zoned project has received strong interest from prospective tenants.
Strand Development’s Three Sixty project is the first one being built under Vancouver’s new I-1C zoning category, which permits high-density light industrial and office uses.
“Ever since the launch of the building, we have been experiencing a tremendous amount of demand,” Avison Young Principal Glenn Gardner, whose firm is leasing the property, told Connect in September.
Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate.
Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s.
In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star.
Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.