Vancouver city council has unanimously approved a proposed apartment-light industrial project in the Mount Pleasant area.

Known as Three Sixty, the proposed project is located at 320-360 West Second Avenue. The planned mixed-use development must still be approved by Metro Vancouver, a local-government umbrella organization that governs the region’s industrial-land use as part of the Lower Mainland’s 2050growth strategy.

Council’s approval came after local developer Strand Development pivoted away from its original office and light-industrial development.

“I’m very glad that it was a unanimous vote of council,” Coun. Mike Klassen said Tuesday in an interview with Connect.

“Clearly, the points resonated with all of council.”

As Connect previously reported, Strand started to build the originally proposed office-industrial project in 2023. But the company stopped and submitted a revised proposal in September 2025, scrapping the office component due to that sector’s downturn and replacing it with market-rental residential units. The ABC Party-led council added a twist of its own by introducing and passing an amendment that allowed Strand to increase the building’s height to 25 storeys from 19, allowing for more residential units and enhancing Strand’s potential profitability.

Councillors effectively overruled the planning department, which had rejected the apartment-industrial concept, seeking to delay the project until a city policy allowing for such use in select areas, including Mount Pleasant, was in place.

That proposed city policy, tabled by Mayor Ken Sim in 2023, is still in the works and must be approved before the next council is elected this fall. Under the approved amendment, Sim invoked the municipal flexibility clause, commonly known as the exceptional-lands clause, in Metro Vancouver’s 2025 regional growth strategy. As a result, the project’s zoning category was switched to general from light-industrial, use. In addition, council directed staff not to recommend further use of the regional-growth strategy’s clause until staff reports backs to council on the planning work related to making the Mount Pleasant Industrial Area an “exceptional site.”

Klassen noted that the project complies with provincial transit-oriented development legislation, allowing for higher-density multi-residential projects within 400 metres of SkyTrain stations. The project is near the Olympic Village Canada Line station, which is part of the region’s SkyTrain network.

Klassen said the addition of about 200 residential units in the area will bolster one of the least utilized SkyTrain stations. Therefore, council’s approval was a “no-brainer.”

“Having an underutilized rapid-transit station, within a three-to- four minute walk from the front door of the building, just makes a whole lot of sense,” he said.

Three Sixty is slated to have 203 rental suites following the approval of the amendment, which was introduced by ABC Coun. Sarah Kirby-Young. The 25-storey structure would include a six-storey podium.

“There was anxiety from different groups about the encroachment on industrial land,” said Klassen. “But I think what council did is [we] contextualized the fact that there is already housing, both within the boundaries, but also on the rings around this Mount Pleasant industrial-zone district. As well, across the street, there’s condos and there’s a supportive-housing building.”

It made sense for Strand to pivot away from the planned office component because of the sector’s difficulties, he said, noting that the construction stoppage has left a deep hole in the ground.

“It quickly became a financially troubled, I guess, situation with the office market collapsing, so that’s why Strand came back to the city with a different approach,” said Klassen.

Many rental-housing projects are on hold due to a lack of financing or developers waiting for underlying economic conditions to improve, he added. But Klassen believes that Strand’s revised project “is, most certainly, going to get built.”

Strand’s original proposal sought to develop the office-industrial project under the city’s newly approved I-1C development policy that allows for a combination of office and creative light-industrial components at one sight, marking a new era in Mount Pleasant.

But that new era now involves other projects.

Pictured: Proposed apartment-industrial project in Vancouver’s Mount Pleasant area.

Rendering: City of Vancouver/Strand