Proposal Submitted for 49-Unit Rental Building

Peterson Group have actually submitted a rezoning application for a website at 1375-1379 Kingsway.

The 12,010 SF C-2 zoned site is situated on the south end of a triangular-shaped block at the corner of Kingsway and Knight Street.

The proposal is to permit the development of a brand-new 6-storey rental building. Information consist of:

49 market rental units;
20 studios, 11 one-bedrooms, 15 two-bedrooms & & 3 three-bedrooms;
5,900 SF of retail space;
An overall density of 3.80 FSR;

The site was acquired in 2018 for $8,250,000, or $173 per buildable SF based upon the application.

The architect for the task is Yamamoto Architecture.

A structure height of 79 ft.;
34 vehicle parking spaces and 98 bicycle parking spaces.

The application is being thought about under the Secured Market Housing Policy (Rental 100).