Here's the plan for one of Vancouver's 'largest undeveloped sites' in the city
A new "community" of more than 1,600 homes is planned for what those behind the project call one of Vancouver's "largest undeveloped sites."
The 14-acre Oakridge Transit Centre will be redeveloped to include market-rate and below-market housing, according to property development company Grosvenor.
The land property located at 41st Avenue near Oak Street will also include mixed-use space and a public park, if plans are approved.
Grosvenor estimates it will build "approximately 17 buildings" on the property, ranging in height from four storeys to 26. These buildings will contain 1,630 homes, 1,120 of which will be sold.
Other homes will be market rentals, "affordable" rentals and social housing. According to Grosvenor, more than 20 per cent of the homes will be considered affordable.
At most, the homes that fall into that category will be "moderate income" rentals. As for what they'd actually cost per month, it's unclear at this stage, but those units will be earmarked for people with an income between $30,000 and $80,000 per year.
Designed by architect James Cheng, the plan includes that 40 per cent of the land at the Oakridge Transit Centre will be open to the public, including the two-acre park and storefronts that will run parallel to Oak Street.
Other features include a 69-space daycare and public plazas.
"This project is all about connecting to nature, with greenways, green roofs and a major publicly-accessible park – all designed for a sustainable, walkable lifestyle in a safe, central location that is close to everything," Cheng said in a news release.
He said the vision is to create a community around the park, "a finely scaled neighbourhood with gentle density and an internal greenway system."
The City of Vancouver approved the rezoning application in late 2020, after holding open houses the year before for residents of the area who had questions or comments. The area was initially zoned for single-family homes only, a housing type no longer attainable for many residents of Vancouver.
The plan approved by the city includes "green" demolition of existing buildings and construction waste management. It's unclear how much would actually need to be demolished as the site is now an empty lot.
The community will be walking distance to the Oakridge Centre, which is also being redeveloped. https://vancouver.ca/home-property-development/oakridge-redevelopment.aspx It's also near schools, parks, hospitals and a Jewish community centre that has not yet been completed.
And Grosvenor pledged that the project will "set a high bar for sustainability" with a focus on net-zero carbon commitments. Those involved in the project are exploring options like "green roofs," planting zones and rain gardens, they said.
CTVNews.ca Top Stories
Heavy snow, freezing rain warnings hit parts of Canada, expected to last throughout Monday
Significant snowfall and heavy rain hit parts of Canada on Sunday and the weather system is expected to continue into Monday morning and throughout the day.
The Canada Post strike involving more than 55,000 has hit 25 days
The Canada Post strike involving more than 55,000 workers has hit 25 days.
Most Canadians view illegal immigrant border crossings as concern for U.S.: Nanos survey
More than 80 per cent of Canadians believe the flow of illegal immigrants from Canada to the U.S. is a concern, according to a new survey.
Government faces third Tory non-confidence vote ahead of potential fiscal hurdle
The Liberals are set to face a third Conservative non-confidence vote today, but the government is likely to survive with the support of the NDP.
Jay-Z accused of sexually assaulting 13-year-old in 2000 incident along with Sean 'Diddy' Combs
A woman who alleges she was sexually assaulted by Sean 'Diddy' Combs has amended her lawsuit to include allegations that she was also assaulted by Jay-Z at the same party.
Suspect wanted after victim forcibly confined, assaulted, and threatened with death in Scarborough
Police have released images of an individual who allegedly forcibly confined, and assaulted and threatened to kill another person in southwest Scarborough over the weekend.
Taylor Swift ends record-smashing Eras Tour in Vancouver, after glittering global run
Taylor Swift took the stage for the final time on her record-smashing Eras Tour, watched by tens of thousands of delirious fans in Vancouver's BC Place arena and by millions on livestreams around the world.
Who is Abu Mohammed al-Golani, the leader of the insurgency that toppled Syria's Assad?
Abu Mohammed al-Golani, the militant leader of the insurgency in Syria, has spent years working to remake his public image, renouncing to ties to al-Qaida.
Some cancer patients may forgo care due to high treatment-related costs: report
A Canadian Cancer Society report, published Monday in partnership with Statistics Canada and the Public Health Agency of Canada with analysis by Canadian Partnership Against Cancer, estimates a cancer patient will face almost $33,000 on average in out-of-pocket cancer-related costs in their lifetime, including loss of income.