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
Doctors say capital gains tax changes will jeopardize their retirement. Is that true?
The Canadian Medical Association asserts the Liberals' proposed changes to capital gains taxation will put doctors' retirement savings in jeopardy, but some financial experts insist incorporated professionals are not as doomed as they say they are.
Something in the water? Canadian family latest to spot elusive 'Loch Ness Monster'
For centuries, people have wondered what, if anything, might be lurking beneath the surface of Loch Ness in Scotland. When Canadian couple Parry Malm and Shannon Wiseman visited the Scottish highlands earlier this month with their two children, they didn’t expect to become part of the mystery.
Fair in Ontario, flurries in Labrador: Weather systems make for an erratic spring
It's no secret that spring can be a tumultuous time for Canadian weather, and as an unseasonably mild El Nino winter gives way to summer, there's bound to be a few swings in temperature that seem out of the ordinary. From Ontario to the Atlantic, though, this week is about to feel a little erratic.
What do weight loss drugs mean for a diet industry built on eating less and exercising more?
Recent injected drugs like Wegovy and its predecessor, the diabetes medication Ozempic, are reshaping the health and fitness industries.
He replaced Mickey Mantle. Now baseball's oldest living major leaguer is turning 100
The oldest living former major leaguer, Art Schallock turns 100 on Thursday and is being celebrated in the Bay Area and beyond as the milestone approaches.
What a urologist wants you to know about male infertility
When opposite sex couples are trying and failing to get pregnant, the attention often focuses on the woman. That’s not always the case.
'It was instant karma': Viral video captures failed theft attempt in Nanaimo, B.C.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
Bank of Canada officials split on when to start cutting interest rates
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
Made-in-Newfoundland vodka claims top prize at worldwide competition
A Newfoundland-made vodka has been named one of the world’s best by judges at this year’s World Vodka Awards.