Found on the corner of Abbott St and W Hastings St, in a parking lot adjacent to the Woodward’s development.
The proposed rezoning details are reflective of Vancouver’s Rental 100 Policy:
- 132 units of secured market rental housing
- commercial space on the ground floor
- a floor space ratio of 7.62
- 74 vehicle parking spaces
- 167 bicycle parking spaces
- a building height of 32m
The policy provides relaxations to developers who choose to build 100% secured market rental housing in defined locations. This incentive forms part of the City’s 2012-2021 Housing and Homelessness Strategy, which “identified the need for an additional 16,000 new units of rental housing, of which 5,000 are from purpose-built market rental units.”
In addition, the Strategy “sets aggressive targets for social housing (5,000 units by 2021) and supportive housing to end homelessness (2,900 units by 2021). The City is currently revising the Housing Strategy, noting targets exceeding those set in the current plan.
The Rental 100 Policy and it’s predecessor have been contentious – as illustrated by the court battle between the City and the West End Neighbours Residents Society. There is an open house for the West Hastings Rezoning from 5 to 8 pm on Thursday, January 26, 2017 at Vancouver Community College, Room 240.