A new application (19-0095) has been submitted for a mixed-use project near Gateway Station at 10925 University Drive. According to application details, the applicant is seeking to Rezone and Subdivide the site into 2 new parcels to allow for approximately 500 residential units and 1580m2 (17,000 sq.ft.) of office space within 1 mid-rise and 1 high-rise building.
The subject site is currently made up of 2 existing lots adjacent to the 22-storey ‘Observatory’ condo tower built in 1995. The site was originally intended for a twin of that tower back in the 90’s – similar to the ‘Cornerstone 1 & 2’ towers just to the south – but the project never completed. The site has since sat vacant for over 2 decades now. This new proposal will also include in the site area an existing single family lot fronting 133A Street.
As per the City Centre Plan, the site is currently designated ‘High-Rise 5.5 FAR (with 20% allowable increase to 6.6 FAR)’. It is located directly across University Drive from the currently in-process application (18-0388) which is proposing a pair of 28 & 30 Storey residential towers.
For more on the application: