573-Unit Rental Project Envisioned for SW Marine Drive Site

Chard Development has submitted their rezoning application for the Dennys website at 622 SW Marine Drive in Marpole.

The proposition requires the development of two towers at 28 and 32 floors on top of 2 6-storey podiums separated with a mid-block break. The proposition consists of:

573 market rental units w/ 20% of flooring space allocated to below-market rental;
Market rental: 56 studios, 241 one-bedrooms, 153 two-bedrooms & & 6 three-bedrooms;
Listed below market: 54 studios, 21 one-bedrooms, 36 two-bedrooms & & 6 three-bedrooms;
35% of the below-market rental flooring space supplied as social real estate operated by the YWCA;
A total density of 6.68 FSR;

16,700 SF of ground floor retail area;
7,100 SF of second flooring daycare area;
A structure height of 335 ft.;
276 automobile parking areas and 1096 bike parking spaces.

Chard acquired the website in December 2020 for $68,138,000, or $142 per buildable SF based on the gross density in the rezoning application.

The application is being considered under the Marpole Community Plan and the Ashley Mar Issues Report (February 11, 2020).

The designer for the task is MCMP Architects.