Another mixed-use residential and hotel project is now planned next to the new Oakridge Park mall and near SkyTrain’s Oakridge-41st Avenue Station in Vancouver.
In early 2022, the land assembly of three single-family lots and one duplex lot at 6012-6088 Cambie St. — the northeast corner of the intersection of West 45th Avenue and Cambie Street — were sold for a combined price of $94.5 million, according to commercial real estate firm Avison Young.
As of July 2024, according to BC Assessment, each of these four lots carry an assessed value of between $10.1 million and $12.67 million, with $10,000 assigned to the value of each structure and the overwhelming remainder from the value of the land.
Nearly three years after the acquisition, a new rezoning application — designed by GBL Architects and landscape architectural firm PMG — has now been submitted to redevelop this property into a 270-ft-tall north tower and a 170-ft-tall 15-storey south tower with a shared three-storey base podium.
The three-storey base podium will contain about 10,700 sq. ft. of retail/restaurant space on the ground level. The second and third levels offer about 38,400 sq. ft. of office space, which could be suitable for non-profit organizations.
Site of 6012-6088 Cambie Street, Vancouver. (Google Maps)
Existing condition:
Site of 6012-6088 Cambie Street, Vancouver. (Google Maps)
Future condition:
Concept of 6012-6088 Cambie Street, Vancouver. (GBL Architects)
Above the base podium, the south tower will have 12 storeys of hotel uses, spanning about 75,000 sq. ft.
This hotel can accommodate short-term stay visitors, but all guest suites will be designed for the optimal ability of long-term stays — made evident by the inclusion of multi-bedroom guest suites, larger spaces, and in-suite amenities such as a kitchen. There will be 48 studio guest suites with one bed and 46 two-bedroom guest suites.
Such suites are suitable for not only tourists with an extended stay, but also those visiting friends and family, people seeking medical treatment locally, and visiting film and television production crews, for example.
Hotel guests will have access to shared amenities such as their own fitness gym and a small outdoor space on the fourth level, and a large outdoor amenity space on the hotel tower rooftop. The hotel main entrance and lobby will front West 45th Avenue.
As for the north tower, it will have 126 strata market ownership condominium homes above the base podium, with a unit size mix of 12 studio units, 34 one-bedroom units, 70 two-bedroom units, and 10 three-bedroom units. Residents will have various shared amenities — indoor and outdoor space on the fourth level, opening up to an outdoor amenity space on the rooftop of the base podium. The residential entrance and lobby is situated on West 44th Avenue.
Concept of 6012-6088 Cambie Street, Vancouver. (GBL Architects)
Concept of 6012-6088 Cambie Street, Vancouver. (GBL Architects)
This project falls under the prescriptions and stipulations of the City’s Cambie Corridor Plan, and is within the core of the municipally designated Oakridge Municipal Town Centre.
“The proposal meets the intent of the zoning policy, which is to provide housing and job space within a rapid transit serviced urban centre. A hospitality component will also address a growing need for hotel rooms, while ground-oriented retail will further activate the commercial precinct along Cambie Street,” reads the application.
“The architecture features cohesive brick cladding with varied vertical separations and a repeated pattern of perforations. A darker palette for the hotel tower and podium is contrasted with a lighter palette for the residential tower. Glazing at grade and an inset residential level above the podium create breaks within the overall massing.”
Five underground levels will contain 273 vehicle parking stalls, including 124 stalls for residential uses, 80 stalls for office uses, 47 stalls for hotel uses, and 22 stalls for retail/restaurant uses. There will also be 351 secured bike parking spaces.
The total building floor area will reach nearly 281,000 sq. ft., establishing a floor area ratio density of a floor area that is 8.65 times larger than the size of the 32,481 sq. ft. land assembly.
Existing condition:
Site of 6012-6088 Cambie Street, Vancouver. (Google Maps)
Future condition:
Concept of 6012-6088 Cambie Street, Vancouver. (GBL Architects)
Concept of 6012-6088 Cambie Street, Vancouver. (GBL Architects)
Concept of 6012-6088 Cambie Street, Vancouver. (GBL Architects)
Concept of 6012-6088 Cambie Street, Vancouver. (GBL Architects)
Immediately to the north of this development site, another mixed-use residential and hotel project is also planned for 488 West 43rd Ave. (5910-5998 Cambie St.) — featuring a 29-storey condominium tower and a 15-storey hotel tower with a shared base podium, containing 176 strata market condominium ownership homes, 233 hotel rooms, and retail/restaurant space, including a hotel restaurant.
This separate project of 488 West 43rd Avenue, originally spearheaded by Wall Financial Corporation, received its rezoning application approval by Vancouver City Council in March 2021. Then a year later, in March 2022, Peterson Group and Coromandel Properties announced they had jointly acquired the property and approved rezoning plans. After Coromandel Properties’ financial issues came to a head in early 2023, Peterson Group decided to move forward on this project alone, and submitted a development permit application in Summer 2023, which was approved by City staff in January 2024. Various building permits were subsequently submitted in 2024 and early 2025.
2023 artistic rendering of the revised design of 488 West 43rd Avenue (5910-5998 Cambie St), Vancouver. (IBI Group Arcadis/Peterson Group)
2023 artistic rendering of the revised design of 488 West 43rd Avenue (5910-5998 Cambie St), Vancouver. (IBI Group Arcadis/Peterson Group)
2023 artistic rendering of the revised design of 488 West 43rd Avenue (5910-5998 Cambie St), Vancouver. (IBI Group Arcadis/Peterson Group)
Under the City’s newly approved policies to catalyze more new hotel projects, transit-oriented development areas across Vancouver, such as near Oakridge-41st Avenue Station, are strategically eyed for additional hotel density and other mechanisms to help incentivize the creation of new accommodations supply.
Moreover, there is growing potential for a cluster of new hotels near Oakridge–41st Avenue Station, fuelled by the added appeal of the soon-to-open new massive Oakridge Park mall, which will feature a wide range of global retailers — including many luxury brands — and a diverse selection of food and beverage options, such as Canada’s second location of the internationally acclaimed Time Out Market food hall. The area’s prime location along SkyTrain’s Canada Line also offers convenient, direct access to both Vancouver International Airport and downtown Vancouver, positioned roughly midway between the two destinations.
As well, over time, there will also be other significant retail/restaurant uses in the immediate area beyond the mall property from the surge in new developments with Oakridge Municipal Town Centre.
There is a growing shortage of hotel rooms in Metro Vancouver, reflected by rising room rates. Destination Vancouver projects a need for 20,000 additional hotel rooms across the region over the coming years, including 10,000 within the city of Vancouver.
Kenneth Chan| Apr 25 2025, 7:08 pm
source: dailyhive.com
link: https://dailyhive.com/vancouver/6012-6088-cambie-street-vancouver-oakridge-hotel-tower
