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 ask Liberal government to reconsider capital gains tax change
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
Keeping these exotic pets is 'cruel' and 'dangerous,' Canadian animal advocates say
Canadian pet owners are finding companionship beyond dogs and cats. Tigers, alligators, scorpions and tarantulas are among some of the exotic pets they are keeping in private homes, which pose risks to public safety and animal welfare, advocates say.
Prince William and wife Kate thank public for birthday messages for son Louis
Prince William and his wife Kate thanked the public for their messages which had been sent to mark the sixth birthday of their youngest son Louis on Tuesday.
She was the closest she'd ever been to meeting her biological father. Then life dealt her a blow
Anne Marie Cavner was the closest she'd ever been to meeting her biological father, but then life dealt her a blow. From an unexpected loss to a host of new relationships, a DNA test changed her life, and she doesn't regret a thing.
How quietly promised law changes in the 2024 federal budget could impact your day-to-day life
The 2024 federal budget released last week includes numerous big spending promises that have garnered headlines. But, tucked into the 416-page document are also series of smaller items, such as promising to amend the law regarding infant formula and to force banks to label government rebates, that you may have missed.
Which foods have the most plastics? You may be surprised
'How much plastic will you have for dinner, sir? And you, ma'am?' While that may seem like a line from a satirical skit on Saturday Night Live, research is showing it's much too close to reality.
'Catch-and-kill' strategy to be a focus as testimony resumes in Trump hush money case
A veteran tabloid publisher was expected to return to the witness stand Tuesday in Donald Trump's historic hush money trial.
Quebec farmers have been protesting since December. Is anyone listening?
Upset about high interest rates, growing paperwork and heavy regulatory burdens, protesting farmers have become a familiar sight across Quebec since December.
South Korean sentenced to 14 months in jail for killing 76 cats
South Korean man has been sentenced to 14 months in prison for killing 76 cats in one of the country's most gruesome cases of animal cruelty in recent years.