Marine Gateway 2 is being pitched as the second phase of the highly successful, transit oriented community on the Canada Line.
PCI Developments has announced they have applied to rezone the site of the Don Docksteader Volvo dealership adjacent to Marine Gateway, to create a new community with urban industrial, rental housing (including below market ownership homes), office and retail space.
The housing goals would be realized in partnership with BC Housing.
“Due to its location and proposed housing mix, Marine Gateway 2 would be an excellent candidate for our affordable rental and home ownership programs,” said Raymond Kwong, provincial director of HousingHub at BC Housing.
- 300,000 square feet of stacked industrial space
- 180,000 square feet of new office space
- 680 market rental homes
- 170 moderate-income rental homes
- 203 below-market ownership homes
Community consultation on the plans for Marine Gateway 2 is expected to begin later this year, with an estimated construction time of four years from approval.
Industrial vacancy rates in Vancouver are the lowest in North America, with space needed more than ever, says Chris MacCauley, senior vice president at CBRE.
Marine Gateway neighbourhood development news
- Grand slam of rentals planned on former Denny’s site
- Wesbild plans ‘vertical industrial’ in south Vancouver
The first phase of Marine Gateway was designed by architects at Perkins + Will. The 872,000 square foot development is LEED Gold certified, and won several awards. It consists of two residential towers (25 and 35 storeys), three storeys of retail including a Cineplex VIP cinema, and 15 storeys of office space.
It is considered the first, large-scale mixed-use development on the Canada Line corridor — something the architects referred to as Nodal EcoDensity. The City of Vancouver’s EcoDensity initiative examined ways that the city could accommodate projected growth, maintain livability and encourage affordability.