Rent Geared to Income: 41; Moderate Income: 95
In 2018, a heritage building in the West End was lost to a fire. The lot has been vacant since then. This project will build a 25-storey tower on this site with 136 rental homes and ground-floor community space. The project takes advantage of changes to the city’s policy around required parking spots in new developments in the West End and will provide 200 secure bike parking spaces instead. The project is close to another project the Bloom Group operates. The project contributes to additional rental supply in one of Vancouver’s most highly demanded neighbourhoods.
Profile Maps Last Updated: July 2, 2024
Notes:
**Priority Population(s): These are described for projects that explicitly fill some or all units with people who are part of a specific demographic that faces unique needs related to housing insecurity.
**Green Building Standard: This is described for projects that are designed according to a green building certification such as LEED (Gold/Platinum), Built Green (Gold/Platinum), and Passive House.
**Affordability Definitions:
Deeply Affordable – A home that is affordable to people on a very limited income, such income assistance, disability assistance, and income support programs for seniors.
Rent Geared to Income – A home that is available to people with modest incomes. Rent is calculated to be affordable based on the tenant’s income.
Moderate Income – A home that is available for a monthly rent that is equal to the low-end of rents available in the private market. Also referred to as ‘Middle Income’ and ‘Affordable Market’.
