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Tuesday, December 5, 2023

Construction underway on affordable rentals in Mount Pleasant

Construction is underway at East 6th and Main Street on a 9-storey project with 145 affordable rental apartments, most of which will be rented at 30 per cent below Vancouver’s median household income.

The federal government committed $48.5 million to the project through CMHC, and the City of Vancouver provided land for a 60-year lease of the site, valued at $16.85 million through VAHA, the Vancouver Affordable Housing Agency. Catalyst Community Developments Society is behind the development.

The development will have a restaurant, retail space, and rental homes ranging from studios to three-bedroom apartments.

Construction progress
Construction progress. Credit: CMHC

The project is designed to achieve energy-efficiency savings of 23 per cent and a reduction in greenhouse gas emissions of 27 per cent, relative to National Energy Code for Buildings (NECB) 2015.

The total project cost is $71 million.

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Peter Meiszner
Peter Meiszner
Peter Meiszner is an experienced journalist and media relations professional, based in Vancouver. As founder of urbanYVR.com, he has been reporting on urban development across the Lower Mainland since 2016, and has also served as vice-chair of the Gastown Historic Area Planning Committee. In October 2022, he was elected to Vancouver city council and is no longer actively reporting for urbanYVR.

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