By ChangingCity

Here’s another of the projects that are being developed to help solve the very limited housing opportunities for the homeless and hard to house in Vancouver. We haven’t featured the building before on the blog, in part because the render that was available showed a rather unexciting project (and a dematerializing vehicle).

Fortunately the reality is far more attractive. Designed by DYS Architecture, it’s a 16-storey 141 unit building that will be run by The Kettle Friendship Society in conjunction with Family Services of Greater Vancouver. The main floor will house the Directions Youth Services Centre that was on the City-owned site before the redevelopment. BC Housing provided the majority of construction funds, but the project was also financially supported by Streetohome Foundation with contributions from both CIBC and Canadian Western Bank.

Directions provides health, mental health and addiction services, counseling, employment and training opportunities, peer support services, access to community and business partnerships and practicum programs, literacy and life skills training, and recreational, interactive, and artistic (music and art) programs. It will also include a Vancouver School Board Learning Centre. 30 of the units will be committed to youth under the age of 25.

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Source: Changing City

By ChangingCity

The development permit for the Rize Alliance development site at Broadway and Kingsway was submitted back in July last year, and now has a June Development permit Board date. Rize Alliance, the developers, must be confident of approval as they’re already building a sales centre on the site. Here are two updated images on the city website for Acton Ostry’s retail and residential project, where a (now) 21-storey tower is located on the northern end of the block on Kingsway, and the Broadway facade is a mid-rise block which sort of references the Lee Building (across and down the street) in scale and colour. The project has quite a bit of colour in various elements, and an internal courtyard. There have been quite a few minor changes from the 2013 version, and the project is now much closer to the approved rezoning, with a significant commercial component – around 75,000 sq ft – and 258 residential units.

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Source: Changing City

Colliers International recently facilitated the off-market sale of the 1400 Block of Alberni for $83,500,000. The two parcels on the block are improved with a highrise apartment and an office building and have a combined site area of 43,282 SF.

This attractive development opportunity encompasses an entire downtown city block, a rare occurrence in today’s market. Simon Lim represented the Vendor in the transaction.

Read more at Colliers Canada