Rezoning Application: 1040-1080 Barclay Street, Vancouver

Rezoning Application: 1040-1080 Barclay Street, Vancouver

    April 14, 2022


    Transaction Price: 1040 ($32,000,000: 2017), 1070-1080 ($59,000,000: 2016)

    Site Area: 43,272 Sqft

    FSR: 21.867

    Potential Buildable: 946,391 Sqft

    The rezoning application at 1040-1080 Barclay St is to allow for the development two residential towers (54 storeys and 50 storeys) over ten levels of underground parking. The zoning would change from RM-5A (Multi-Dwelling) District to CD-1 (Comprehensive Development) District.

    The site is located between Vancouver’s Central Business District and the West End, within walking distance of a myriad of attractions, amenities, public transit, and easy access to the adjacent green space of Nelson Park.

    Featuring two distinct towers and an active ground plane, this dynamic project features a wide variety of uses and over 1,000 residential units, including market rental, below-market rental, social housing, market housing, childcare, and retail.

    At the heart of the site between the towers is a new urban park and mid-block connection, which has been developed with a focus on placemaking and building community.

    The East Tower: A 100% purpose-built rental tower with a small retail unit at grade.

    • Building Height of 545’ (572’ to the top of appurtenance) with 59 storeys
    • Podium Height of 59’, with 5 storeys above grade, with an average floor plate size of 11,089 sq.ft
    • Tower maximum floor plate size of 9,000 sq.ft (7,500 sq.ft + 20% rental allowance)
      • A total of 636 Residential Units
      • 130 Below-Market Rental Units
      • 506 Market Rental Units
      • A ground floor Retail Unit of 1,622 sq.ft
      • 10 levels of underground parking

    The West Tower: A market condominium and social housing tower with integrated childcare facility on the podium roof, and retail units at grade.

    • Building height of 541’ (567’ to the top of appurtenance) with 56 storeys
    • Podium height of 67’, with 6 storeys above grade, with an average floor plate size of 13,255 sq.ft
    • Tower maximum floor plate size of 7,500 sq.ft
      • A total of 464 Residential Units:
      • 365 Market Condominium Units
      • 99 Social Housing units
      • City-owned Childcare Facility (37 space) with 5,069 sq.ft interior and 5,606 sq.ft exterior      space on the podium roof
      • Ground floor Retail Units totaling 4,291 sq.ft
      • 10 levels of underground parking

    Yoyoe Lu

    Founder and managing principal

    Yoyoe is the founder and managing principal of Claridge. She was ranked one of Vancouver’s top real estate agents. Currently, Yoyoe is our strategic mind leading the team to success. Her affiliation with industry professionals put her ahead of our competitors. Yoyoe is also part of the Rotary Club of West Vancouver, Canadian Homebuilders Association, Urban Land Institute and Urban Development Institute.

    Ashley Osborn

    Development Site and Investment Specialist

    Ashely is our lead land and investment advisor. He has been consistently featured in the annual top 100 real estate deals of British Columbia ranking. With over $15 billion worth of domestic and international real estate investments under his belt, Ashley is one of the top agents in the province. His 20 years of real estate and financial experience make him a master in negotiation and acquisition.

    Patricia Wong Chong

    Investment and Leasing Specialist

    Patricia is our investment and retail leasing advisor. Her experience in brokerage and market research analysis has helped her comprise over $550 million in commercial real estate transactions. Patricia is responsible, detail-oriented, and professional. Her strong work ethic and positive attitude have led her to surpass all her competitors.

    Schumann Li

    Land Assembly & Residential Specialist

    Schumann is a top-producing realtor in the Lower Mainland with more than 30 years’ experience. Over the years, Schumann hasn’t just garnered awards, but the trust of countless customers. Her clients continually refer to her outstanding professionalism, work ethic and poise.

    Wendy Kaip

    Sales Associate

    Whether it’s decoding city policies, strategizing relocation plans, home sellers looking for a trustworthy advisor to unlock their property’s maximum potential- Wendy is here to help every step along the way.

    Prior to real estate, Wendy spent over a decade in the mining industry with her attention to detail, keen negotiation skills, extensive network and strong reputation for getting the deal done, bringing endless value to her current real estate clients.

    Whether you are thinking about selling to a developer, or have more questions about commercial real estate, Wendy invites you to connect, to see how she can utilize her expertise and team to help create value and maximize your real estate goals.

    Simon Chan

    Managing Broker

    Simon is the managing broker of Claridge Real Estate Advisors Inc. His expertise has helped our agents resolve many difficulties. Not only is Simon knowledgeable with real estate legislation, but he is also very detail orientated. With Simon on our team, our agents are confident to conduct businesses and will always get the support they need to ensure they’re not walking on dirty water.

    Frank Zhou


    As the analyst of the company, my key job is to help brokers to find marketable clients and locate feasible development sites by collecting and analyzing up-to-date market transaction data and conducting target market and property-level research. Meanwhile, I am also in charge of maintaining the company’s property database to ensure accuracy and comprehensiveness and continuously upgrading the level of knowledge by staying up to date with hot topics, and market trends, and incorporating findings into everyday work. Before joining the company, I worked for CR Group as a real estate investment manager, focusing on capital raising, equity and debt financing, acquisition and renovation. I hold 2 master’s degrees, one in Housing Management and the other in Economics.