Two New Rental Housing Towers Proposed for Oakridge
Wesgroup is proposing to build two new mixed-use rental multi-residential towers in Vancouver’s Oakridge district.
Vancouver-based Wesgroup has filed a rezoning application with the city, which closed submissions of public comments in mid-October. Plans call for 25-storey and 17-storey developments to be constructed on a podium at 5755-5791 Oak Street and 1008 West 41st Avenue.
The buildings would contain 357 secured rental units altogether with 20% of the floor area, approximately 72 units, set aside for below-market housing. The 269,608-square-foot site would include 16,398 sf of ground-level retail space, 224 vehicle parking spaces and 696 bicycle parking stalls.
Wesgroup’s project, headed development manager Aly Carlson, is one of many slated for Oakridge as its mall of the same name undergoes a massive redevelopment and spurs change throughout the area.
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.