GWL Realty is developing first new rental tower on Robson Street
GWL Realty Advisors broke ground on the 21-storey market rental tower in Vancouver. GWL realty Advisors is developing the project on behalf of London Life Insurance Company.
This development is the first project on the Robson corridor to be approved under the new West End Community Plan and is in line with the City’s policy of increasing rental housing density in the area. The building is excepted to be finished in early 2021. GWL Realty Advisors will managed the building.
Ralf Dost, President, GWL Realty Advisors, said, “We are proud to be increasing the supply and diversity of rental housing in the West End of Vancouver. This new development will provide the neighbourhood with desperately needed rental units – especially those suitable for families – in a professionally managed building with great amenities. This project represents the type of community building we want to undertake in the City of Vancouver and for our investment clients.”
1500 The project on Robson Street aims to reduce family-oriented rental housing scarcity. The building will consist of two and three bedroom units. It offers its residents indoor and outdoor facilities such as fitness, yoga and lounge rooms. The building also has a rooftop veranda with fireplace, a seating area and a dining area. The roof of the building, which is pet-friendly, will have a common area for all tenants.
By increasing density in a highly walkable neighbourhood like the West End, this development will help reduce car dependency as residents will be able to live, work, shop and play within the downtown peninsula. Designed by IBI Group, this building will further support a car-free lifestyle by offering substantial bicycle storage and maintenance facilities.
Source: News Wire
Fulya Altunyay/ [email protected]