What happened
The rezoning application was recorded as approved_subject_to_conditions following Council's June 9, 2026 meeting. The proposal calls for a six‑storey mixed‑use residential building with secured market rental units and commercial retail at grade.
The details
Applicant: Third Space Properties Inc. Address: 3731–3743 W 4th Ave and 1975 Alma St. Units: 95 Secured Market Rental units. Storeys: up to 6 storeys. Proposed FSR: 3.85 (82,634 sq.ft.). Proposed height: 23.4 m (76.77 ft.). Parking: two levels of underground parking providing 87 parking spaces, with vehicular access from the lane.
Why it matters
The approval is for a six‑storey building delivering 95 secured market rental homes and ground‑floor retail under a rezoning decision by Council.
The neighbourhood
Nearby projects recorded in the reviewed evidence include: 3792 W 4th Ave — 63 homes, 6 storeys (84 m away); 3660 W 4th Ave — 20 homes, 6 storeys (114 m away); 3803–3823 W 10th Ave — 81 homes, 6 storeys (586 m away).
What happens next
Among the conditions of Council's approval, the applicant must obtain approval of a development permit.
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.