Another piece on the explosive growth in the South Lake Union neighbourhood.
“What happened is pretty much what everybody expected, but it’s occurred in five years instead of 50,” said Mike Foley, who was a neighborhood activist and sometime Vulcan critic until the company bought his property for $21 million in 2003….
Even with all the condos — and Vulcan is building 426 more of them — the mix of housing remains diverse, said Ada Healey, Vulcan’s vice president of real estate.
Developers have recently built or are building 170 apartments for low-income and moderate-income residents. An additional 133 apartments are planned for low-income seniors and mentally ill homeless adults. A 12-story, 377-unit senior-housing complex is also under construction.
One-third of South Lake Union housing is considered affordable to low- and moderate-income, according to the city. But that’s down 15 percent from a year ago.
The numbers jump out at you:
3,800 residents
6,500 employees (doesn’t include 4,000 Amazon.com rumored to be coming)
When’s the last time Vancouver considered jobs to be part of the equation?
Metro Core Jobs and Economy Land Use Plan:
http://vancouver.ca/commsvcs/planning/corejobs/index.htm
Thanks Sungsu.
From the link, it appears that the “last time Vancouver considered jobs to be part of the equation” was never before.
But, that might change in two years when the study is completed. It will be exciting to see how policies coming out of this will affect “the Vancouver model”. I’m crossing my fingers that someone will find a way so that both can co-exist.