QuadReal is seeking to develop two multi-family residential towers on part of a hospital parking lot in Vancouver’s Mount Pleasant district.

Vancouver-based QuadReal has filed a rezoning application with the city to construct the buildings on a triangular portion of the Mount St. Joseph Hospital site. Plans call for two mixed-uses assets containing 542 secured rental-housing units with 20% of the floor area secured for below-market units.

The project would include a 37-space private childcare facility. The towers would stand 25 and 32 storeys atop a four-storey podium that includes retails spaces.

The property is situated at 2950 Prince Edward Street, which is a side street. But most of the property runs along Kingsway.

QuadReal is looking to capitalize on the site’s proximity to transportation arteries.

The hospital sits near the high-traffic 12th Avenue and Kingsway intersection, which links with the downtown core and the western, eastern northern and southern parts of the city.

The developer also stands to benefit from the site’s proximity to a future SkyTrain station at Broadway and Kingsway, which will make the commute to and from the University of British Columbia, downtown and suburbs much easier.

Residents would also be able to walk to shops and restaurants in the nearby East 16th Avenue and Main Street area.

Local architecture firm Acton Ostrey is designing the project.

Image: City of Vancouver/Acton Ostrey Architects