W1 (445 Southwest Marine Drive - Marine Gardens) | ?m | 27s | Concord Pacific | GBL Architects

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Another major redevelopment project is coming to the urban hub growing around the Canada Line’s Marine Drive Station.

Developer Concord Pacific to build 514 market residential units over two high-rise towers (27 storeys/235 feet and 21-storeys/185-feet) and 70 market rental units and a 37 space daycare within a “6.5” storey mid-rise building.

The new multi-building complex at 445 Southwest Marine Drive will have a gross area of more than 455,000 square feet plus 411 underground parking spaces.

However, the project has been a subject of controversy particularly for those who currently live in one of the 70 rental townhouse units of Marine Gardens: the existing complex, built as a “model community” demonstration project for the 1976 United Nations Habitat Forum, is to be demolished.

Concord Pacific has proposed a Tenant Relocation Plan that will provide existing tenants with a first right of refusal to rent a unit at the new complex once it is completed and a 20 per cent discount on the first rent agreement. This is in addition to the offers of two months’ free rent, reimbursement for moving expenses and assistance with finding other housing.

For households who do not intend on renting a unit at the development, they are eligible to receive $5,000 for living in the existing townhouse complex for less than three years and $8,500 for residing over three years.

http://www.vancitybuzz.com/2015/02/marine-gardens-redevelopment-vancouver/

 

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