New Nordstrom building under construction.
New Nordstrom building under construction.
Vancouver city council has approved a controversial West End neighbourhood plan that outlines development in the area for the next 30 years.
The plan aims to strike a balance between development pressures and preserving the West End’s quiet, tree-lined streets, where 45,000 people live in only 112 blocks.
It gives developers and planners a road map for the foreseeable future that permits infill development in the centre of the neighbourhood and taller towers on busy corridors around the edges.
Coun. Tim Stevenson says the city expects $600-million will be invested in the neighbourhood over the next 30 years.
“We’ll certainly see more density because we’re expecting seven- to 10-thousand more people in the next 20 years, and we obviously have to accommodate that,” said Stevenson.
Follow the Council’s decision live here.
Here are some live updates from the City Council meeting regarding the West End Community Plan:
After almost three hours of impassioned pleas begging city council to say no; it said yes, gifting to Richmond in the process its first ever Walmart.
At a packed out, standing room only public hearing at city hall council chambers, city council, by a majority 6-2 vote, approved SmartCentres’ controversial $150 million, ten-year-old proposal for a 14-acre outdoor shopping centre – anchored by U.S. retail giant Walmart.
Councillors Harold Steves and Chak Au were the only two to vote against the West Cambie plan – bound by Alderbridge Way, Garden City, Alexandra and No. 4 roads.
Before the plan was approved, veteran Steves went as far to brand the development the “worst or second worst” the city has ever been involved with.
However, although many in the audience had nothing but condemnation for the proposal – traffic concerns, loss of green space and views, environmental damage and dislike of Walmart topped the list – there was a surprising throng of approval for the project.
Read more: http://www.richmond-news.com/news/richmond-walmart-gets-green-light-1.701622#sthash.6uB8rJsY.dpuf
First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion
First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while
West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave
Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor
