The 7,011 square-foot site is situated on a corner lot. It represents an opportunity to build a residential building of 4 stories in height with a maximum coverage of 85% and within the current zoning of C.4-H. The Vendor has produced plans for a 4-story, 25 residential and 1 commercial unit structure consisting of 23,310 gross buildable square feet above grade. The project is currently at the final stage of approval with the CCU. The Amir restaurant on site, which is currently operating, will be closed before the completion of the transaction.