282 W 49th Ave (DP-2025-00336) development application

Musqueam Capital Corporation, the economic development arm of the xʷməθkʷəy̓əm (Musqueam Indian Band), in partnership with YMCA BC and Townline, has applied to the City of Vancouver for permission to develop this site with a three building mixed-use complex of 8, 32, and 37-storey heights. This proposal includes:

• A community centre and daycare replacing the existing YMCA
• 306 secured market rental dwelling units
• 291 strata dwelling units
• 88 social housing dwelling units
• Retail at grade
• A floor space ratio of 6.78
• An approximate maximum height of 196.7 m (645.4 ft.)
• Three levels of underground parking, accessed from Alberta Street

The development application follows the rezoning application approved in principle by City Council at a Public Hearing on February 25, 2025, and is subject to Council enactment of the CD-1 By-law, the application is “conditional” so it may be permitted. However, it requires the decision of the Director of Planning.