1318 Thurlow Street Proposed Redevelopment Rendering
VANCOUVER, British Columbia, July 24, 2024 – Anthem Properties has partnered with Crestpoint Real Estate Investments to develop a unique high-rise rental project in the popular West End neighbourhood of Downtown Vancouver.
As an initial step, the partnership has acquired 1318 Thurlow Street, a 17,283 square foot site. The proposed redevelopment plan consists of a 32-storey, purpose-built rental concrete tower featuring 242 market rental units and 58 below market rental units. Located two blocks from Davie Street and a short walk to Sunset Beach, the project will offer future residents stunning views, beach access, and immediate proximity to the West End; one of Canada’s most vibrant and established urban neighbourhoods featuring numerous services, retail, and entertainment options.
“This project allows us to both expand our relationship with a great existing partner, Crestpoint, and continue building a purpose-built rental portfolio, with the community benefiting from the addition of critically needed rental housing in the constrained Vancouver market,” said Anthem CEO & Founder, Eric Carlson. “Despite challenging capital markets, and a difficult regulatory environment, Anthem continues to doggedly pursue its real estate strategy to the benefit of all.”
The site redevelopment plan has been submitted to the City, with first and second reading expected in the fall of this year with a public hearing/third reading shortly after. Construction is anticipated to begin in the fall of 2025.
