Developers have unveiled a new concept for a mega project in Vancouver’s West Point Grey neighbourhood.
On Friday, the xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish), and səlilwətaɬ (Tsleil-Waututh) First Nations and Canada Lands Company announced plans redevelop the Jericho Lands by building 13,000 homes that would house upwards of 24,000 people.
The developers promise a minimum of 30 per cent of the homes will be affordable housing, including 20 per cent for social housing and 10 per cent for moderate-income rental housing.
“This is historic. You aren’t going to see another development like this just about anywhere at this point,” said Elisa Campbell, vice president of real estate west for Canada Lands Company.
“It unlocks the opportunity to build housing, across the full spectrum, with a lot of attention to the affordability spectrum.”
The project will include cultural spaces and facilities, around 360 daycare spaces, a community centre and a public elementary school.