British developer Grosvenor, famous for pioneer projects during its six decades in Metro Vancouver, is building its first Vancouver condominium tower.
The 40-storey Pacific by Grosvenor at Hornby Street at Pacific Avenue – the site of the former Il Giardino restaurant – is scheduled to start construction in 2018’s first half and be completed in late 2021, said Michael Ward, senior vice-president of development for Grosvenor Americas.
The 212-unit tower, designed by Maxime Frappier of Montreal, will be built to LEED (Leadership in Energy and Environmental Design) Gold standards.
Pre-sales have started, with prices for the two-bedroom suites in the $2,000-per-square-foot range.
A neighbouring building at 801 Pacific Street will be built by Grosvenor to passive-house standards and then given to the City of Vancouver as part of Grosvenor’s community amenity contribution.
While the Pacific by Grosvenor will be completed under Vancouver’s new zero-emission bylaw, Ward said the tower will be connected to natural gas to allow for gas cooking appliances and balcony heaters and grills.
The Vancouver bylaw encourages the use of gas from biomass sources for heating and cooking to reduce greenhouse gas emissions.
Grosvenor’s first project outside of Great Britain was the development of Annacis Island, which became Canada’s first industrial park in 1953.
The 340-year-old company also developed the Rise mixed-use project on Cambie Street in Vancouver and is completing Grosvenor Ambleside, a waterfront condominium project in West Vancouver, where condo prices start north of $4.5 million.
