Bonnis Properties Ups Granville Street Proposal To Two Towers Up To 43 Storeys

Bonnis Properties, a real estate developer based in Vancouver, has updated its redevelopment plans for 800-876 Granville Street in downtown Vancouver. The new proposal features two mixed-use towers: a 43-storey North Tower and a 39-storey South Tower, replacing the earlier plan for a single 17-storey office building.

The project site includes seven parcels along Granville Street, currently occupied by low-rise commercial buildings, notably the Commodore Building, home to the Commodore Ballroom and Commodore Lanes bowling alley. The revised design preserves the Commodore Building and the facades of four heritage structures, integrating them into the new development.

The North Tower, situated near Robson Street, will house 307 rental units, including studios, one-bedroom, two-bedroom, and three-bedroom apartments. Its lower floors will feature hotel accommodations spanning the sixth to eighth levels. The South Tower, closer to Smithe Street, will offer 216 rental units of varying sizes. Additionally, it will include space to replace the existing 73-unit State Hotel single-room occupancy (SRO) building, aligning with financing requirements from the Canada Mortgage and Housing Corporation.

The development also plans for nearly 13,000 square feet of restaurant space, approximately 90,000 square feet of commercial space, and over 13,000 square feet of retail space, primarily beneath the North Tower. An underground parking facility will provide 351 vehicle spaces and 1,118 bicycle spaces. Overall, the project encompasses about 695,789 square feet of space, resulting in a floor space ratio of 14.5.

This updated proposal represents a shift from the original plan, which included approximately 470,000 square feet of office space. The current design focuses on providing 455,000 square feet of rental housing, reflecting changes in market demand and aiming to address the city's housing needs.

The City of Vancouver is reviewing the rezoning application, as the proposed height and density exceed current allowances. Public consultations are scheduled, with a Q&A period from April 30 to May 13, 2025, to gather community feedback on the project.