Quote:
Originally Posted by fredinno
What exactly is 'built out'?
Everything in the inner suburbs is medium density apartments and multiplexes?
If you exclude the West End, the Downtown Peninsula is relatively 'full.'
Especially compared to when we established these heritage districts to begin with.
The West End isn't really built out, but it's also not really as easy to access as most of the DT peninsula (it's waiting for a West End Subway of some sort).
Plus, you could make the character and heritage argument with Robson, Denman, and Davie Villages (as the City did in the West End Plan).
Same thing with most of the area outside the 'City Center' region.
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'Built out' would be when underdeveloped sites (like parking lots, parkades and low density former warehouses outside Yaletown or Gastown) have been developed.
There's still significant capacity for both residential and commercial space in the Downtown local area (which is the part of the peninsula that isn't the West End). There are 14 towers and 10 mid-rise buildings that have been approved, but not yet built. That's 5,700 more units. There's the Concord and City lands at NEFC, which should see at least 2,100 more units. There are three City non-market towers in False Creek North, which will have 674 more units, and three tower sites that Concord can now develop as condos. There's the SAP warehouse, three other old warehouses (near Yaletown), and two surface parking lots that can be rezoned for towers. There's Concord's Westin hotel redevelopment, and the old office buildings at 1445 W Georgia. That probably could add 12,000 more condos and rental units without thinking of anything less obvious or not currently on the development radar. And there are at least 20 future office sites, if and when it becomes clear that office developments are still going to be viable projects in the future. There are already 10 projects identified with over 5 million sf of office space.
Then in the West End there are 16 more towers approved for 3,800 units, applications for 8 more towers with 2,400 units, and at least 6 more sites acquired by developers, and Concord's redevelopment of St Paul's Hospital. Again, without looking for the other candidates for future development under the West End Plan, and without touching any of the retail village streets. That could easily be another 10,000 units in total. Nobody is on pause, or waiting for any ficticious subway.
Just outside Downtown there are six non-market projects in development in the DTES with 700 units, and plans to redevelop the Balmoral site, the American Hotel, and several other sites with more non-market and market rental units. And we know that as well as BC Housing, Westbank, Onni and others are looking to add significant market rental (and maybe condo) buildings along East Hastings.
Once those are all done, we still won't be 'built out'.