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
BREAKING Israel attacks Iran, Reuters sources say; drones reported over Isfahan
Israel has attacked Iran, three people familiar with the matter told Reuters, as Iranian state media reported early on Friday that its forces had destroyed drones, days after Iran launched a retaliatory drone strike on Israel.
American millionaire Jonathan Lehrer denied bail after being charged with killing Canadian couple
American millionaire Jonathan Lehrer, one of two men charged in the killings of a Canadian couple in Dominica, has been denied bail.
Nearly half of China's major cities are sinking, researchers say
Nearly half of China's major cities are suffering 'moderate to severe' levels of subsidence, putting millions at risk of flooding especially as sea levels rise.
Prince Harry formally confirms he is now a U.S. resident
Prince Harry, the son of King Charles III and fifth in line to the British throne, has formally confirmed he is now a U.S. resident.
Judge says 'no evidence fully supports' murder case against Umar Zameer as jury starts deliberations
The judge presiding over the trial of a man accused of fatally running over a Toronto police officer is telling jurors the possible verdicts they may reach based on the evidence in the case.
Health Canada to change sperm donor screening rules for men who have sex with men
Health Canada will change its longstanding policy restricting gay and bisexual men from donating to sperm banks in Canada, CTV News has learned. The federal health agency has adopted a revised directive removing the ban on gay, bisexual and other men who have sex with men, effective May 8.
Colin Jost names one celebrity who is great at hosting 'Saturday Night Live'
Colin Jost, who co-anchors Saturday Night Live's 'Weekend Update,' revealed who he thinks is one of the best hosts on the show.
Sports columnist apologizes for 'oafish' comments directed at Caitlin Clark. The controversy isn't over
A male columnist has apologized for a cringeworthy moment during former University of Iowa superstar and college basketball's highest scorer Caitlin Clark's first news conference as an Indiana Fever player.
'Shopaholic' author Sophie Kinsella reveals brain cancer diagnosis
Sophie Kinsella, the best-selling author behind the 'Shopaholic' book series, has revealed that she is receiving treatment for brain cancer.