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Development

West End Community Plan Approved

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.

West End Plan_2Coun. 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.

Read more: http://www.cbc.ca/news/canada/british-columbia/west-end-community-plan-approved-in-vancouver-1.2433596

November 21, 2013by david.taylor@colliers.com
Development

Live Updates on West End Plan

Follow the Council’s decision live here.

Here are some live updates from the City Council meeting regarding the West End Community Plan:

 

November 20, 2013by david.taylor@colliers.com
Investment, Office

576 Seymour Street, Sold

576 SeymourThe Arts and Crafts building located at 576 Seymour Street has sold to an offshore investor for $15,200,000, or $430 per SF.

The 35,411 SF C-Class building is located on the East side of Seymour between Dunsmuir and West Pender Streets. The cap rate was 4.4%.

November 20, 2013by david.taylor@colliers.com
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