Figured this topic should have it's own thread as it will be seeing lots of action shortly. City has prepared Phase one which includes principles to follow until the process is complete. Lots of interesting tidbits in the document, including items like min size of 1100sqm, any project not leaving behind any neighbouring small parcels which would hinder their redevelopment.
The heights proposed are pretty well upto 6 Stories across the board with the following expections. King Ed up to 8 Stories immediately north of King Ed. Up to 12 Stories (Oakridge excluded) immediately around 41st ave. Up to 10 Stories immediately around Langara, and at Marine Drive the possiblity of allowing highrises (no height given).
There is also talk about redeveloping the 70 rental townhouse units across from the Marine Dr Station but it would require the replacement of those 70 rental family units in any new development. Anyways lots more info in the document for those that like this kind of stuff.
Source:
http://vancouver.ca/ctyclerk/cclerk/20100119/documents/ttra3.pdf
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