What happened
The City of Vancouver development application (DP-2026-00422) on the project page records Nicola Real Estate's submission for a mixed‑use tower with residential above commercial at grade. The application entry lists the official status as approved_subject_to_conditions.
The details
The proposal includes six levels of underground parking with vehicular access from the lane.
Why it matters
The application record shows a large mixed‑use tower—up to 32 storeys and 230 homes—with a dedicated below‑market rental commitment covering 20% of floor area, indicating the proposal's scale and inclusion of below‑market rental housing within the project. The file also documents that key procedural steps remain: enactment of a CD‑1 rezoning and approvals for Form of Development and from the Director of Planning.
The neighbourhood
Nearby recorded projects include: 320–360 W 2nd Ave (258 homes, 28 storeys, ~411 m away), 130 W Broadway (532 homes, 29 storeys, ~569 m away), and 8 E Broadway (168 homes, 21 storeys, ~835 m away).
What Urbyn is watching
No verified public pricing is contained in the reviewed evidence. No verified presale launch is contained in the reviewed evidence. No verified construction start is contained in the reviewed evidence. No verified completion timing is contained in the reviewed evidence.
Urbyn’s analysis is separate from verified source facts. Read the original source for the full record.