Howard is based in Burnaby and covers real estate, housing policy, and the development industry. Signal: HowardChai.24
The site of the City of Vancouver 's proposed towers is 1402-1460 Burrard Street, 900 Pacific Street, and 1401-1461 Hornby Street near the Burrard Street Bridge.The City of Vancouver has received a new rezoning application for two high-rise towers and the application is coming from inside the house, via the Vancouver Housing Development Office , which oversees the optimization of City-owned land.
The various properties are currently either vacant or occupied by aging low-rise commercial buildings and sit immediately south of theat 1380 Burrard Street, which was listed for sale in March 2024 as part of foreclosure proceedings and has yet to find a buyer. Across the two towers, a total of 1,136 rental units will be provided, comprised of 111 studio units, 599 one-bedroom units, 318 two-bedroom units, and 108 three-bedroom units. The East Tower will have a floorplate of 9,713 sq. ft while the West Tower will have a floorplate of 8,873 sq. ft.
"In Fall 2023, Council directed staff to establish the VHDO to centralize housing delivery functions with a focus on the development of market rental housing on City land," wrote VHDO Director Brad Foster in the rezoning application. "This direction was supported by the Mayor’s Budget Task Force Report, which recommended optimizing the City's real estate portfolio to create perpetual value and generate non-tax revenue to address the growing infrastructure deficit.
As the podium has become more sculpted, the towers aim for simplicity and clarity of expression aligned with some of the more recent skyline additions such as the Vancouver House, Grosvenor Pacific, and the Butterfly."
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