Courtesy The Globe and Mail
“In a new approach to tackle Vancouver’s ongoing problems with low-cost housing and homelessness, the city has bought the Ramada Hotel on Kingsway – far from the downtown core.
Councillor Kerry Jang, who confirmed to The Globe and Mail the as-yet-unannounced purchase of the 122-room hotel, said the building is going to be used as housing for seniors who need to be moved from other residences in the city that require renovation.”
View the full article HERE.
Courtesy of the Vancouver Sun
The historic Vancouver Stock Exchange building at the corner of Howe and Pender streets is poised to get a $200-million overhaul as part of a major commercial development proposed by global financial giant Credit Suisse.
City council will vote Nov. 13 on a rezoning application that would more than double the maximum density and allow for the construction of a 30-storey tower on the site, which includes an adjacent property on Pender Street.
The design calls for retail uses at street level topped by 369,000 square feet of new, premium office space.
City staff has recommended council approve the application, reasoning that it will contribute to Vancouver’s job space, economic development, heritage and sustainability objectives.
Orr Development has applied to rezone 3002-3036 West Broadway from C-2C to CD-1 to build a 5-storey, 83-unit market rental building, with a total density of 3.5 FSR, and a height of 61 feet. A total of 26 commercial and 63 residential parking stalls are proposed. The site is 20,889 SF. Under the existing C-2C guidelines, the maximum height is 4-storeys with setbacks.
The project includes 16,000 SF of commercial space on the ground floor and includes 19 studios, 41 one-bedrooms, 19 two-bedrooms, and 4 three-bedrooms.
The rezoning application is being considered under the Rental 100: Secured Market Rental Housing Policy.