Even the magazine The Economist is weighing in on the importance of Vancouver’s Chinatown as a historic and very special cultural place deeply rooted in the birth and development of this country. One of the positive things that has happened with the impetus to build condominiums in Chinatown is the rise of a new generation of articulate, smart and savvy young professionals that grew up in or coming to Chinatown, understanding the essence of this place in a very rooted way.
Urbanist Melody Ma is one of those young professionals interviewed by the Economist, and talked about the Chinatown neighbourhood not really changing until after the 2010 Winter Olympics. At that time “the downtown area was forested with new condominiums” and prices have risen by close to 60 per cent in the last three years. While Chinatown was avoided by developers in the past, development applications such as the nine storey luxury apartments proposed for 105 Keefer threaten to undermine Chinatown’s cultural identity. Read on >>