Developer must make larger cash contribution
By Cheryl Rossi, Vancouver Courier January 20, 2012 9:24 AM
A development proposed for Broadway and Kingsway no longer includes space for artists or rental suites.
City rezoning planner Yardley McNeill told a Jan. 17 public meeting on the development that 9,200 square feet of artists' studios and 15 rental apartments included in the original development were too small a contribution to the community compared to the cost to the developer for providing them. She said the city believes a larger cash contribution from the developer to the city would provide more bang for the buck. But Rize Alliance Properties Ltd. would need to contribute more than a previously agreed upon $4.5 million cash contribution.
The application for the property includes a two-storey commercial podium, 241 condos, building heights of five, nine and 19 storeys-down from an initially proposed 26 storeys, 320 underground parking spots and widened sidewalks on Kingsway and 10th Avenue.
Read More Here: City axes art space, rental suites from Kingsway complex