Public consultations have begun on a neighbourhood rental-housing redevelopment in Vancouver’s Oakridge area.
If all goes according to plan, Vancouver-based Concert properties will redevelop the Langara Gardens apartments into a 2.8-million-square-foot site. The revised property would include 430 social housing units; 760 rental suites, including 85 below-market residences and about 1,430 strata homes.
Four existing 18-storey apartment buildings are to be retained. New buildings would range from three to 36 storeys, according to a rezoning application submitted to the City of Vancouver.
Concert is seeking municipal approval of a phased master plan. A community information session will be held Monday from 4 p.m. to 7 p.m. at Langara College. The city is accepting public comments until October 29.
Several new commercial real estate projects, including multi-family developments, are underway in the Oakridge area as QuadReal’s Oakridge mall undergoes a large-scale redevelopment that will take years to complete. In September, the federal government invested $107.5 million in the 215-unit W42 apartment building now under construction in Oakridge.
Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate.
Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s.
In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star.
Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.