Vancouver Second Granville Bridge Gateway Tower Approved

Vancouver Second Granville Bridge Gateway Tower Approved

  • Real Estate
March 30, 2019

Pinnacle International’s rezoning application for 601 Beach Crescent has passed the Urban Development Panel. The 54-storey mixed-use building is the second Granville Gateway Tower guarding the entrance to Downtown Vancouver via Granville Bridge forming an arch in conjunction with Vancouver House Gateway Tower (1400 Howe Street).

The development planned for 303 market residential units, 152 social housing units and 22,543 sqft of commercial space at grade. A total of 442 underground parking and 970 bicycles spaces. Not only does the development create new housing supply, but it is also significant architecturally wise as it rivals the Vancouver House development. The 52-storey Vancouver House development based on a triangular shape and honeycomb look is an architectural achievement and sets a statement one of the Granville Bridge Gateway Tower.

601 Beach Crescent’s panel meeting was complex and informative. The panelists were considering every aspect of the development from structural integrity to the surrounding environment. Concerns rose regarding the impact on May & Lorne Brown Park and the building’s amenity area. Retail experience on Rolston Street needs improvement with better landscape treatment and vehicle entrance. Neighbouring visibility and usability of the amenity space can be improved by increasing the building height. Another concern was the distance between Vancouver House.

It is a major milestone to past the Urban Development Panel. There are concerns regarding its height, impact on surrounding development and existing infrastructure, and design. The UDP did come to the conclusion that a higher building height will overcome most of the problem. The large quantity of social housing provides more opportunity for residences who need to live in downtown.

The Two Gateway Tower will add a total of 830 units to the market with Vancouver House aiming for a 2019 completion. We’re excited to see the two Gateway Tower side by side bringing a new buzz to the City.


City of Vancouver Rezoning Application

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.