Downtown development to offer significant new office space and family housing

December 18, 2013 | Jobs and the Economy

Last night the Mayor and City Council approved a major new development between Burrard and Hornby at Drake in Vancouver’s growing Downtown South neighbourhood, with one building for office and business space and two new residential buildings featuring housing for families and renters. The project generates unique and significant benefits for the community, with $7 million for a new LGBTTQ Community Centre run by Qmunity and $2 million for cultural facilities.

“This is an exciting project that will create jobs in Vancouver’s growing economy with substantial new downtown office and business space, and also delivers urgently-needed new rental housing, family housing and a long-awaited new neighbourhood centre for the LGBTTQ community,” said Mayor Gregor Robertson. “Downtown South is emerging as an important hub for jobs and investment in our city, and this is a balanced and community-oriented project that will boost the vibrant character of our downtown core.”

Currently home to a 1 and 2-storey retail and office complex consisting primarily of a car dealership, the new development will include 224,764 sq. ft. of new office space and 101,501 sq. ft. for retail and service use.

The two new residential buildings will feature 810 new housing units, of which 33% will be family-oriented 2-bedroom units – surpassing the City’s targets for new family housing. 87 units in the project will be secured market rental housing, putting the City of Vancouver 1,917 units above its target for new rental housing by 2014.

The recently-approved West End Community Plan recognized the need for providing Qmunity with a highly-visible and purpose-built facility, which will now be made possible by this project’s community amenity contribution.

Click here for more details and to read the full report:
http://former.vancouver.ca/ctyclerk/cclerk/20131119/documents/p3.pdf