Vancouver development will blend 200 rental apartments with a mix of industrial and office strata space on a one-acre site at Main Street and East First Avenue.
Vancouver’s first real estate development considered a ‘tri-mix,’ combining residential apartments with offices and industrial space has launched in the False Creek Flats.
Hungerford Properties and QuadReal Property Group say the new, ultra-mixed-use project at the corner of Main and East 1st Avenue offers a model for future developments as it combines purpose-built rental housing with a variety of commercial uses in what was formerly an industrial zone.
Rezoning of the Flats more than two years ago encouraged development of work places rather than market strata housing. Today the Flats is home to the Emily Carr University of Art + Design, a number of office and retail buildings and is the site for the new $1.9 billion St. Paul’s Hospital, which is expected to start construction this year.
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