What happened
The development‑permit application is logged as DP-2026-00534 and the City’s online record lists the official status as application_under_review. The rezoning application for the site was approved by City Council; one of Council’s conditions requires the applicant to obtain approval of a development permit.
The details
The application proposes a floor space ratio (FSR) of 2.52, equal to 7,751 m² (83,433 sq. ft.), a maximum height of 20.4 m (66.9 ft.) and two levels of underground parking with vehicular access off Commercial Drive.
Why it matters
The proposal would add 133 secured market rental homes in a six‑storey mid‑rise form, representing the project’s scale and intended tenure as recorded in the City’s application materials. The Council decision to approve rezoning while requiring a subsequent development permit places the file into the municipal development‑permit review stage documented on the City website.
The neighbourhood
Nearby recent or proposed developments recorded on the City’s engagement site include: 2518 Grandview Highway South (listed as up to 6 storeys, ~1,141 m away), 960 E 7th Ave (listed as up to 6 storeys, ~1,405 m away) and 2215 Nanaimo St (24 homes, 4 storeys, ~1,418 m away).
What happens next
Unresolved public milestones from the reviewed evidence: No verified public pricing; No verified presale launch; No verified construction start date; No verified completion timing.
What Urbyn is watching
Urbyn is watching these outstanding items reported as unknown in the City records: public pricing, a presale launch, a construction‑start date and a completion timeline.
Urbyn’s analysis is separate from verified source facts. Read the original source for the full record.