A new community is planned for Vancouver's Heather Lands that will include 2,500 new homes where at least 40% will be for either low or moderate income households.
The 21 acre site, between west 33rd & 37th, between Willow & Ash, with Heather Street running through it, sits in the Cambie Corridor development area.
The land is owned by 3 First Nations - the Musqueam, Squamish and Tsleil-Waututh (MST) - and Canada Lands Company, which in 2014 entered into a 50/50 venture for the ownership and redevelopement of the property.
This could see the end of the historic Fairmont Academy building, built in 1914 and is now a class A heritage building which was first a private school and then an RCMP base. It currently stands directly in the way of the site, but could be moved to a new site, but not likely.
The newly released details of the Heather Lands masterplan include:
* approx 2,500 residential units, in buildings from 3 to 24 storeys;
* a minimum of 20% of units for affordable houses for lower-income households (around 530 units);
* a further 20% to be attainable home ownership targeted at moderate income households (earning $50,000 - $80,000 for singles and couples and $80,000 - $150,000 for families with children);
* of the social housing units, 50% to be geared to families with 2 or 3 bedrooms;
* up to 60,000 square feet of local serving and service uses;
* a minimum of 4 acres of secured park and more.
