Mayfair West (Oakridge Transit Centre Redevelopment) | Proposed

[GenWhy?]

They "could" negotiate to change Parcel "G" to social housing, but I assume it's not zoned for much height / density, so if you could put social housing there to start without requiring a Rezoning Amendment, I imagine you could squeeze 30-40 units there.

[Changing City]

Originally Posted by whatnext

Grosvenor is perfectly capable of funding and building the social housing by 2028 required under the original timeline. It is a measly 175 units.

Hopefully the politicos will grow a spine and not cave once again to wealthy developers crying poor.

Despite many years visiting SSP, you don't seem to understand development finance. The Duke of Westminster may be a wealthy man, but Grosvenor Americas operates like any other developer. They didn't even finance the acquisition of this site. A consortium of five banks, led by HSBC loaned them the funds, and are no doubt receiving interest on the loan in the normal way. (There are also two other partners involved in the project, MOMC, and Transca).

[GenWhy?]

"• Transfer of parcel E to the City for social housing, allowing a minimum floor space of 25,788.9 sq. m (277,589 sq. ft.) which is equivalent to approximately 330 units. This includes the construction and delivery of two turnkey social housing buildings of 13,607.4 sq. m (146,469 sq. ft.), which is equivalent to approximately 175 units;"

Never mind, so Parcel E is just handed over and can contain ~330 social housing units, while the developer will provide on other parcels 175 units. Right?

Also curious how this pans out... if a Condition of the Rezoning is to deliver items by "X" date and the rezoning is not enacted yet, and "X" date passes... do they then just apply again?

But also to mention the 2020 Report notes a 10-12 year build-out. So starting from 2022's new application date that gets us to 2031.

[gaviscon]

20241214_175242 by globalbusinesscentre105 H, on Flickr

20241214_175416 by globalbusinesscentre105 H, on Flickr

20241214_175650 by globalbusinesscentre105 H, on Flickr

20241214_175458 by globalbusinesscentre105 H, on Flickr

20241214_175543 by globalbusinesscentre105 H, on Flickr

[madog222]

Here’s a new rezoning application, towers now up to 33 storeys and a gain of 1,464 residential units for 3,093 total.

Application recently submitted. Staff preparing notification. To rezone from R1-1 to CD-1 to allow for a mixed-use development with 16 buildings ranging from heights of 6 to 33 storeys. Includes estimated 1,696 strata, 1,123 rental, 101 below-market rental, and 173 social housing units. Also includes a public park, turnkey childcare, and commercial space. A total floor area of 228,614.9 m (2,460,790 sq. ft.) is proposed, as well as a maximum building height of approximately 106.1 m (348 ft.), and an FSR of 3.95. This application is being considered under the Oakridge Transit Centre Policy Statement.

https://plposweb.vancouver.ca/Public...ctId=277875442

[whatnext]

One has to wonder when that will actually happen…

[officedweller]

You'd think they'd go taller with the JCC proposal across 41st being 37 and 39 storeys now.