GWL Realty Advisors has acquired 1555 Robson Street in Vancouver, adjacent to another recent purchase, for a mixed-use rental development. This move aims to address the city’s need for rental housing and retail space in the vibrant West End neighborhood. The combined 0.77-acre site is zoned for approximately 400 rental units and 40,000 square feet of retail space. The location on Robson Street, known for its shops and dining, adds to the appeal.

Steven Marino, GWLRA’s Executive VP, and Geoff Heu, VP of Development, see this as a rare opportunity in a prime market, emphasizing the positive impact it will have on the neighbourhood. This expansion aligns with GWLRA’s strategy to tackle housing shortages, particularly in Vancouver, where vacancy rates are low. The company has a track record of rental property development across Canada, with over 7,000 units under management or in development.