Another of the non-market sites being built with BC Housing funding on City-owned sites moved a little closer to development in July. 1050 Expo Boulevard was originally going to be a 139 unit 9 storey high concrete structure. Presumably the cost estimates were too high, or maybe BC Housing wanted to try something new, but now the project is a 6-storey woodframe building that will still be expected to reach LEED Gold certification. Designed by DYS, the project was supported by the Urban Design Panel (on a second review) and has a Development Permit close to approval.
1050 Expo is a triangular site next to the Cambie Street Bridge with a red gearwheel (from the nearby old Cambie Bridge). The site was bought by the City from Concord Pacific, using funds from allowing Concord to build a market building on a non-market site on Georgia Street (see Cosmo elsewhere on the blog). The 20% non-market requirement in major projects only extends to land, not actual buildings, and with the Federal Government with next to no housing program, and the Province only recently reviving interest in building new social housing, the City had more land for social housing than any realistic expectation of being able to get it developed. For more details on 1050 Expo see the 127 Society for Housing website http://www.127society.ca/2011/05/04/1050-expo-boulevard-project/