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Friday, April 12, 2024

City plans rental building on former CP right-of-way

The City of Vancouver is moving forward with plans to develop a site it owns on the former CP lands, now part of the Arbutus Greenway.

The site used to be part of the CP railway lands, acquired from Canadian Pacific in 2016 for $55 million. The site is one of seven parcels that were not incorporated into the Arbutus Greenway which now runs along the former CP right-of-way.

Project site
Project site on a portion of the former CP lands at West 2nd Avenue and Fir Street. Credit: City of Vancouver
Building A and Building B
Locations of Building A and Building B on site. Credit: City of Vancouver

An open house was held for the development in November 2019, and the project is now progressing to a public hearing. Here’s what we know.

The development will be a six-storey affordable rental residential building with retail on the ground floor. The building will be designed with upper levels terraced and stepped back to reduce the scale of the building.

Conceptual building rendering
Conceptual building rendering. Credit: City of Vancouver

A minimum of 20 per cent of the residential floor area will rent at below-market rates targeted for households with incomes less than $80,000 annually. 

It’s one of several sites on the former CP Lands that will be developed in the near future, although it’s the only one currently zoned for residential.

Option lands zoning
Zoning on the option lands, with the development site shown in blue. Credit: City of Vancouver

The project is also adjacent to the Sen̓áḵw Lands, which will see the addition of 6,000 rental units in a partnership with Westbank and the Squamish Nation.

Sen̓áḵw Lands location
Location. Credit: Squamish Nation/Revery Architecture
Sen̓áḵw Lands bridge rendering
Rendering looking north across Burrard Street Bridge to downtown Vancouver. Credit: Squamish Nation/Revery Architecture
Sen̓áḵw Lands full tower rendering
Full tower rendering. Credit: Squamish Nation/Revery Architecture
Squamish Nation rental lobby rendering
Tower lobby rendering. Credit: Revery Architecture

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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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