In December 2017, Cape Group purchased the parcel 2336-2366 Charles Street in East Vancouver. Cape Group had been looking for projects in Vancouver that could allow us to build a rental building for families and individuals. Our aim is to build 1, 2, and 3 bedroom homes.
The site currently is 4 parcels of land with a single-family home on each lot. Our vision, based on the Grandview- Woodland Community Plan, is to create a 6-storey building containing a mix of rental units that will complement the vibrant community. There will also be retail stores intended to provide the neighborhood with services like a small grocery store or café.
In 2019, Cape submitted a rezoning application to the City, incorporating feedback from the City and the local community. The application is intended to rezone the site from RT-5 (one-two family residential and C-1 (Commercial) to CD-1 (Comprehensive Development).