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.
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.
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.
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.