Grosvenor has partnered with Citimark to purchase eight single-family lots on Oak Street, near VanDusen Botanical Gardens, with plans for a townhouse development.
The project will be Grosvenor’s first townhouse development in Vancouver and will consist of approximately 70 units. As part of the City of Vancouver’s Cambie Corridor Phase 3 development plan, the land assembly is one of the last remaining sites on Oak Street designated for townhouses.
Formwerks Architectural and interior design firm Ste. Marie Studio will be working on the project.
“Citimark is excited to be working together again with the high calibre team at Grosvenor to bring our newest family-oriented townhome development to the Shaughnessy neighbourhood,” says Citimark president Nelson Chan. “We look forward to our continued partnership to create a positive influence in the communities we build in.”
Over the past 20 years, Grosvenor and Citimark have developed more than 500 homes together in Metro Vancouver.
“We have been developing in the Lower Mainland for almost 70 years, and this is our first townhome development in Vancouver,” says Marc Josephson, Grosvenor Americas’ senior vice president, development. “We’re excited to bring 70 new townhomes to this part of the city where this form of housing for families is in high demand and short supply.”
