Plans for a new 277-unit apartment complex at Block 3 at The Waterfront Vancouver are in the making. They include an automated parking garage that uses robotics to fetch parked cars.
The equity partners Summit Development Group and CEDARst released preliminary plans to the city of Vancouver to develop an eight-story building with brick facing, ground-floor retail and a third-story balcony with three spa features.
Seth Henderson, president of Summit, said plans were still in early stages and they could change, and he expected to have entitlements by the end of the year.
The project could break ground around the second quarter of 2021, Henderson said.
Developers told the city that they are considering investing $5.5 million into the automated parking system. The system saves space by allowing users to drive their cars into a bay, where a system of robotics delivers it to a shelf and back on demand. It also conceals parking from the street, according to plans.
