Vancouver city council has just approved an application for one of the biggest developments in the city.
The proposed Skeena Terrace development will bring 1,924 units in 15 buildings, including a 36-storey tower, to a 10.8-acre parcel of land near Vancouver's eastern boundary. Much of it will be affordable housing, according to BC Housing.
Located along a section of Cassiar Street between East 5th Avenue and East Broadway, the land is currently already used as a social housing project.
Skeena Terrace was built in the 1960s and houses hundreds of residents.
"The site has been home to low-income residents and generations of families for over 50 years," states the rezoning application from BC Housing. "With 230 units in 20 buildings located across the 10.8-acre site, Skeena Terrace is one of the most significant subsidized housing developments in British Columbia."
However, the site is getting old, and BC Housing is looking to build a much larger development. The proposal has 1,283 affordable rental homes as well as 641 market-rate rental homes, according to the application.
Approval a 'significant milestone' in addressing Vancouver's housing crisis: mayor
During a public hearing on March 12, Vancouver's city council approved the rezoning application, which allows the project to move forward.
"This approval marks a significant milestone in our ongoing efforts to address the affordable housing crisis and create inclusive communities," states Mayor Ken Sim in a press release.
The project will integrate a variety of current building and urban planning ideas as well, including plenty of greenery, sustainability practices and designs that encourage health and wellness, according to the application.
"This redevelopment will also introduce new community-serving spaces, including a 74-space childcare facility," reads the application. "As well, the project integrates walking, rolling, and cycling connections into the neighborhood, fostering a vibrant and sustainable community that is both accessible and livable."
BC Housing has announced it's committing to helping current tenants through the redevelopment process. The project is currently mapped out over seven phases; BC Housing's website notes a 2024 start date, but no finish date.
