TransLink announces first real estate development project
TransLink announces first real estate development project
We’re moving forward on a partnership with PCI Developments (PCI) to build a proposed mixed-use development near the future Arbutus SkyTrain Station, on West Broadway and Arbutus.
Located next to the future terminus of the Broadway Subway, an incoming bus loop, and the Arbutus Greenway mixed-use walking and cycling path – this is the first development under TransLink’s Real Estate Development Program. This transit-oriented development will improve people’s access to sustainable transportation options, generate new long-term funding for transit services, and provide much-needed housing options in the neighbourhood.
TransLink and PCI own adjacent plots of land on the southeast corner of Arbutus and Broadway and have entered an equal development partnership. The proposed development would include:
- 30-storeys of mixed-use residential rental and commercial space
- Street-level retail and over 200 residential rental units – 20 per cent of which will be rented below market and secured for moderate income households
- Community space that will serve as the future home of the Ohel Ya’akov Community Kollel — a Jewish cultural, education, and neighbourhood centre
As our region’s population continues to grow and demands on transportation and housing increase, people are increasingly looking toward transit-oriented communities to live and work in. This transit-oriented development will be in-line with the City of Vancouver’s Broadway Plan while helping to achieve targets outlined in Transport 2050 and Metro 2050.
Further details of the project are still being finalized and will be shared later this spring though a community open house. Following this initial engagement phase, a formal rezoning application will be submitted to the City of Vancouver.
Terence Chu
how about building on top of the station, that’s a better use of the land. This would be a more vertical integration with mixed use development and transit.
Good! finally transit company is looking to be sustainable
Since when did Translink get in the business of property development
I think this is great. This kind of things is why the public transit other cities CNA actually be profitable. The have other income source then just fares.
I hope if parking is included in the TOD, TransLink (or another public entity NOT private entity) owns it as a multipurpose public park-n-ride. TransLink should also work with the City of Vancouver in redefining private sector’s role in providing parking in the City from being mandated by law as according to Section 4 of the City’s Parking By-law 6059 to being voluntary for any private development and contracted specifically for public-owned developments and facilities including TransLink-owned park-n-ride facilities. As long private developers including TODs are still mandated by law to provide parking, it’s more difficult to achieve sustainability goals, provide affordable development, and provide readily-available essential (NOT unnecessary) high-quality user-experience public parking. Readily-available public parking CANNOT be locked behind a gate like a parking facility of an apartment building otherwise it’s practically no different from not providing enough or any public parking. The only kind of gates where public parking can be behind are revenue access-control gates similar to the ones at Pacific Centre in Downtown and City Square at the corner of Cambie and 12th.
With a public-owned parking facility in the TOD being 100% covered and 2m height-restricted (loading and unloading truck bays be outside the parking facility), unlike Pacific Centre’s and City Square’s which are private-owned facilities, this time, the public facility should be gated with 100% ticketless LPR (e.g. https://parkxper.com/lpr-e.html) where absolutely only vehicle’s front license plate is used as a parking ticket. No physical ticket of any form, including paper tickets, be issued. For vehicles without front plates or if LPR camera unable to scan front plates successfully, a backup user input terminal at each gate per flow direction like this (https://youtu.be/ibqUeWs1xuY?t=28) must be provided. At least public/government-issued currencies including federal-issued cash and TransLink-issued Compass must be accepted. Apps such as PayByPhone, and carshares such as Evo and Modo be supported in the LPR-only system as well.