Final month, Vancouver-based developer Strand launched leasing at its newest industrial challenge, Three Sixty, a mixed-use growth set to rise 9 storeys in Vancouver’s Mount Nice neighbourhood.
Situated at 360 West 2nd Avenue, on the intersection of Alberta Avenue, Three Sixty is the primary challenge to be developed below a brand new industrial zoning district: I-1C.
The I-1C zoning happened following the the Metropolis of Vancouver’s 2020 Employment Lands and Economic system Overview (ELER), analyzing financial points and challenges town might face sooner or later, significantly because it pertains to employment house and job development.
The overview recognized the highest fringe of the Mount Nice Industrial Space — alongside West 2nd Avenue, bordering on Southeast False Creek — as a strip of land the place the brand new I-1C zoning can be allowed, and rezoning to Residential or Complete Growth wouldn’t. The change was meant to “intensify” industrial and workplace employment alternatives within the space whereas permitting for elevated constructing heights that might higher match the shape and scale of Southeast False Creek on the north aspect of West 2nd Avenue, which is comprised of quite a few mid-rises and high-rises.
Three Sixty was already within the works previous to the Metropolis’s aforementioned overview of employment lands, with authentic plans calling for a four-storey constructing. After the I-1C zoning was launched, the design for Three Sixty was modified to double the density.
The event will now be a nine-storey mixed-use constructing, with gentle industrial house on the 4 decrease flooring (2.0 FSR) and workplace house on the 5 flooring above (4.0 FSR). The constructing may also embrace 4 ranges of underground parking and a rooftop patio, with a complete leasable ground space of 112,000 sq. ft, in accordance with Strand.
The largest distinction with I-1C zoning is that whereas most different light-to-medium industrial zones solely permit for a most FSR of three.0, I-1C zoning permits for a FSR of 6.0, as long as 2.0 FSR is devoted to gentle industrial makes use of.
With its combine of business and workplace use, Three Sixty is yet one more instance of a “stacked” industrial house, a method that has grown more and more frequent in Vancouver on account of an industrial land scarcity. Different notable initiatives of this nature embrace PC City’s Evolution Block within the False Creek Flats and Wesbild’s Marine Touchdown in South Vancouver.
Like these initiatives, the sunshine industrial flooring of Three Sixty may have ceiling heights from 12 ft to 29 ft and ground hundreds from 75 lbs to 100 lbs per sq. ft, not not like these in conventional gentle industrial areas. Due to this, in addition to the constructing’s visibility on West 2nd Avenue, Three Sixty “will probably attraction to extra high-end customers with a robust model attraction immediately going through clientele,” Robin Buntain and Glenn Gardner of Avison Younger, who’re main leasing on Three Sixty, tells STOREYS.
RELATED: “The Subsequent Evolution”: Why Stacked Industrial is on the Rise in Vancouver
“Industrial” is commonly related to factories and heavy-duty manufacturing, however gentle industrial sometimes includes distribution centres, meeting locations, and furnishings stagers. Based on the Metropolis of Vancouver’s I-1C District Schedule, different allowable land makes use of embrace health centres, baby care services, foods and drinks producers, laboratories, and well being care places of work.
Requested whether or not the Metropolis of Vancouver ought to open up I-1C zoning to different areas of the Metropolis, Buntain and Gardner say that the Metropolis ought to positively take into account it.
“It might be smart for Metropolis employees and council to think about increasing this zoning in different areas of Vancouver as it should assist revitalize sure nodes presently zoned for pure industrial use specifically,” they mentioned. “Elevated density and number of employment makes use of helps further retail and creates an elevated expertise for residents and clients.”
Vancouver-based Yamamoto Structure is serving because the architect of Three Sixty, and have designed the constructing in a means that emphasizes the distinctive geometry of the location, which is formed like a rectangle with triangles at each ends. Consequently, one of many finish of the constructing may have an attention grabbing flatiron form.
Demolition of the location, which is presently occupied by a number of vacant bicycle outlets, will start this month, and Three Sixty is anticipated to be accomplished by mid-2025.
Howard is a Workers Author at STOREYS. He’s based mostly in Vancouver, British Columbia, and has additionally written about media for One Zero and worldwide politics for WhoWhatWhy. Earlier than STOREYS, he was additionally the Deputy Editor of 604 Now.
Extra From Writer