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
Western University researchers unlock potential 'cure' for ALS
New research out of London, Ont.'s Western University is shedding light on a potential cure for ALS, in which the targeting of the interaction between two proteins can halt or fully reverse the disease's progression.
Police release 3D images of young child found in an Ontario river two years ago
Police have released a three-dimensional image of a young child whose remains were discovered in the Grand River in Dunnville, Ont. almost two years ago.
B.C. brings in law on name changes on day that child killer's new identity revealed
The BC NDP have tabled legislation aimed at stopping people who have committed certain heinous acts from changing their names.
Kamala Harris drops F-bomb during White House live-stream
U.S. Vice-President Kamala Harris used a profanity on Monday while offering advice to young Asian Americans, Native Hawaiians and Pacific Islanders about how to break through barriers.
B.C. man fighting for refund after finding someone living at Whistler vacation rental
Edwin Mostered spent thousands of dollars booking a vacation home in Whistler, B.C., for a group skiing trip earlier this year – or so he thought.
Avs forward Valeri Nichushkin suspended at least six months
Colorado Avalanche forward Valeri Nichushkin was suspended for at least six months without pay and placed in Stage 3 of the league's player assistance program.
Collapsed Baltimore bridge span comes down with a boom after crews set off chain of explosives
Crews conducted a controlled demolition Monday to break down the largest remaining span of the collapsed Francis Scott Key Bridge in Baltimore.
Security video caught admitted serial killer disposing of bodies in Winnipeg garbage bins
Security video caught admitted serial killer Jeremy Skibicki on multiple late-night outings, disposing of body parts in nearby garbage bins and dumpsters in the middle of the night.
Mortgage companies could intensify the next recession, U.S. officials warn
U.S. officials worry the next recession could be intensified by a cascading series of failures in the mortgage industry caused by crashing home prices, frozen financial markets and soaring delinquencies.