As reported on DailyHive.com, an impressive amount of rental housing has been proposed for a site immediately adjacent to the Canada Line’s Marine Drive Station in South Vancouver, potentially cementing the area as one of the city’s most successful applications of transit-oriented development to date.

Ashley-Mar Housing Co-operative has partnered with local developer Intracorp Homes to replace the co-op’s existing 54-unit townhome complex at 8495 Cambie Street with a major mixed-housing redevelopment that focuses on new rentals.

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There would be 582 new units, including 125 non-market co-op units — a net gain in co-op units — and 475 purpose-built market rental units in three towers at 14 storeys, 24 storeys, and 27 storeys in height, with the shortest tower dedicated entirely to the co-op.

Existing co-cop tenants will move back into the complex when complete, and all of the co-op units will be at rates below market, with rates determined by income levels. A variety of rents will be as low as shelter rates.

A small commercial component of a 2,300-sq-ft ground-level retail unit is included. Altogether, the entire proposal calls for about 492,000 sq. ft. of total floor area.

In an interview with Daily Hive, Evan Allegretto, senior vice-president of development at Intracorp Homes said the co-op and his company have been working on this project for nearly 3.5 years. For the design work, they enlisted Perkins+Will Architects, which was behind the Marine Gateway mixed-use complex.

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