Westbank Corp. is killing the competition in Vancouver’s Joyce-Collingwood.
The well-connected developer is on track to build its second condo tower next to the SkyTrain station in the area.
The proposed development consisting of 32-storeys is at 5055 Joyce Street.
This means that Westbank Corp. has secured two of the three tower sites at the intersection of Joyce Street and Vanness Avenue.
The three tower spots were identified in the new Joyce-Collingwood Station Precinct Plan that was approved by city council in June 2016.
It can be recalled that even before the plan was passed, Westbank Corp. already had a plan for one of the locations at 5050-5080 Joyce Street.
When the plan was approved, Westbank submitted a revised rezoning application for the said property.
The application for 5050-5080 Joyce Street involving a 30-storey condo tower became the first to be considered under the new Joyce-Collingwood Station Precinct Plan.
The Westbank’s application was approved by council in November 2016. Construction is now ongoing for the condo to be called Joyce.
Across 5050-5080 Joyce Street is the property at 5055 Joyce Street, which currently has a three-storey building.
The site is currently home to offices of the Canadian National Institute for the Blind, and YMCA of Greater Vancouver, among others. There’s also a Tim Hortons shop at the location.
The proposed condo project at 5055 Joyce Street has 298 residential units. On the ground floor will be commercial spaces.
It’s not immediately known who will develop the third tower site at the southwest corner of Joyce Street and Vanness Avenue.