VANCOUVER — The City of Vancouver will get as much as $32.8 million in community contributions and development charges from Holborn Properties’ long-delayed Little Mountain housing redevelopment.

But all of that money will be plowed back into a complex public benefit program for the neighbourhood, including a neighbourhood house, child care facility and improvements to transportation and parks.

The contributions represent potentially one of the biggest paydays for the city from private developers who now have to share the profit they make when land is rezoned for high-density housing.

In a report going to city council Tuesday, city planners say they’ve hammered out a long-awaited agreement with Holborn for what should be built on the 6.2 hectare L-shaped property at Main Street and 33rd Avenue near Queen Elizabeth Park.

Read more: http://www.vancouversun.com/business/Vancouver+million+from+long+delayed+Little+Mountain+redevelopment/6814246/story.html#ixzz1yNcEieiu

More than 100 micro-lofts, plus live-work units, and retail space on the ground floor are planned by the new owner of the old Janion Hotel on Store Street.

The life-saving plan for the run-down, vacant Janion by Vancouver’s Reliance Properties dovetails with redevelopment of the west entrance to Victoria’s downtown. A new bridge is going in, a public plaza is planned next to the Janion, and a separate plan by the same developer aims to put up a mix of uses on the Northern Junk property at the foot of Johnson Street.

Crosstown Properties, a company within the Reliance group, bought the 1891 Janion for $2.49 million last month. Reliance has a long history of revitalizing older properties in Vancouver. It is also partnering with Jim Pattison Developments Ltd. on the $500-million, mixed-use Burrard Gateway development, one of the biggest projects planned for Vancouver.

Read more: http://www.timescolonist.com/business/Micro+lofts+planned+restoration+historic+Janion+building/6765662/story.html#ixzz1xmW6U78Q