vancouver-mayor-seeks-to-unlock-development-potential-of-five-‘exceptional’-sites
| | | |

Vancouver mayor seeks to unlock development potential of five ‘exceptional’ sites

HOME BUYERS – To get the best exclusive listings visit www.vreg.ca and go to “EXCLUSIVE DEALS”

Read More

Mayor Ken Sim is calling on City of Vancouver staff to explore new planning approaches for five strategically located industrial areas that could play a pivotal role in delivering both jobs and housing — particularly near existing and future SkyTrain stations.

In a member motion expected to be approved by Vancouver City Council next week, Sim is calling on City staff to process without delay existing and new rezoning applications at what he describes as five “exceptional sites” across the city.

Furthermore, City staff will perform a deep dive on the technical and policy implications of the redevelopment potential of each site.

One of the biggest hurdles is the designation of these sites as protected industrial lands by Metro Vancouver Regional District. The regional district is generally very cautious with removing industrial land designations, as the region is experiencing a growing industrial land shortage, which is having major economic implications.

At the same time, some of the protected industrial lands across the region are no longer suitable for traditional industrial uses for reasons such as site-specific issues, the location adjacent to emerging residential areas, and accessibility to major roads required for truck traffic, as well as the opportunity costs of not optimizing transit-oriented development sites near SkyTrain stations.

The five sites identified by Mayor Sim are the former Molson Brewery at the south end of the Burrard Street Bridge, the former industrial sites owned by the municipal government at the southeast corner of the intersection of Main Street and Terminal Avenue next to SkyTrain’s Main Street-Science World Station, the Marine Gateway area next to SkyTrain’s Marine Drive Station, and the Mount Pleasant Industrial Area.

Concord Pacific owns the 7.6-acre former Molson Brewery site. Prior to the pandemic, the developer unveiled its “Quantum Park” concept of redeveloping the under-utilized property into towers up to 25 storeys, with 1.8 million sq. ft. of building floor area providing 300,000 sq. ft. of creative industrial, office, and retail/restaurant space and 3,000 homes.

The brewery was built at a time when False Creek saw heavy industrial uses. As well, the site’s freight needs were previously served by Canadian Pacific’s Arbutus railway corridor, which has since been dismantled, sold to the City, and converted into its current uses as an active transportation greenway.

Moreover, the adjacent built form of the Senakw’s high-density grove of towers up to 58 storeys likely sets some new precedent for what is possible for Concord’s brewery site.

concord pacific quantum park molson vancouver f5

Previous 2019 artistic rendering of Quantum Park, the redevelopment of the old Molson Coors brewery in Vancouver, conceived before the Senakw project. (Concord Pacific)

quantum park molson coors vancouver

Previous 2019 artistic rendering of Quantum Park, the redevelopment of the old Molson Coors brewery in Vancouver, conceived before the Senakw project. (Concord Pacific)

molson coors vancouver concord pacific quantum park

Previous 2019 artistic rendering of Quantum Park, the redevelopment of the old Molson Coors brewery in Vancouver. (Concord Pacific)

PCI Developments has also been looking to build a second phase of Marine Gateway on a five-acre site, replacing car dealerships immediately south of the 2015-completed first phase.

Marine Gateway’s second phase would feature more high-rise towers — providing significant secured rental housing and affordable home ownership units on top of substantial creative/light industrial uses and some additional retail/restaurant space. The City of Vancouver also has a major works yard immediately east of this site.

marine gateway 2 pci developments 8530 cambie street

Previous 2021 artistic rendering of Marine Gateway Phase 2 at 8530 Cambie St., Vancouver. (Perkins&Will/PCI Developments)

marine gateway 2 pci developments 8530 cambie street

Previous 2021 artistic rendering of Marine Gateway Phase 2 at 8530 Cambie St., Vancouver. (Perkins&Will/PCI Developments)

The Mount Pleasant Industrial Area is the largest of the five sites, spanning the general area framed by Cambie Street to the west, 2nd Avenue to the north, Main Street to the east, and Broadway to the south.

Within the City’s Broadway Plan area, Sim states this is a centrally-located employment district with sites within the provincial government’s legislated Transit-Oriented Areas, specifically around SkyTrain’s Broadway-City Hall and Olympic Village stations and the future Mount Pleasant Station. He suggests there is a need for “modernized policy guidance” to “support innovative tech clusters, light industry, and creative economy uses while carefully considering residential uses.”

Currently, existing policies allow for a broader range of uses only along the perimeter of the Mount Pleasant Industrial Area. This has enabled high-density, mixed-use residential and office developments along the west side of Main Street, including projects such as the Main Alley tech campus and the City Centre Motel redevelopment. Sim’s motion suggests he wants to go even further than the current allowances.

mount pleasant industrial area

Mount Pleasant Industrial Area. (City of Vancouver/Google Maps)

2015 main street vancouver main alley prototype m5

October 2022 artistic rendering of Prototype/M5 at 2015 Main St., Vancouver. (Henriquez Partners Architects/Westbank)

2111 Main Street, Vancouver city centre motel

Artistic rendering of the City Centre Motel redevelopment at 2111 Main St., Vancouver. (Musson Cattell Mackey Partnership/Nicola Wealth Real Estate)

The fourth site at the southeast corner of Main Street and Terminal Avenue has been planned as an “Innovative Hub” under the City’s False Creek Flats Plan. A mix of innovation economy uses are envisioned, including laboratories, research and development, creative/light industrial, tech offices, arts and cultural facilities, local food economy spaces, some residential uses, and the active ground-level uses of retail and restaurants.

Recently, the City conducted a procurement process seeking a contractor to conduct a detailed technical feasibility study identifying redevelopment options for this 11.5-acre City-owned property next to Main Street-Science World Station.

The fifth exceptional site identified by Sim is the 11-acre Railtown district spanning about six city blocks, which he states is “a unique industrial and creative district requiring tailored policy guidance to support job space retention and cultural economy integration.”

false creek flats innovation hub vancouver preliminary concept

Previous highly preliminary concept for the Innovation Hub site of the False Creek Flats Plan. (City of Vancouver)

false creek flats innovation hub vancouver preliminary concept

Previous highly preliminary concept for the Innovation Hub site of the False Creek Flats Plan. (City of Vancouver)

railtown vancouver

Railtown district in Vancouver. (Google Maps)

Last week, City Council also approved a separate member motion by City Councillor Rebecca Bligh that specifically focuses on Railtown. That approved motion calls on City staff to similarly address the current industrial land use limitations, and explore enabling a wider range of uses for creative/light industry, office, retail, restaurants, services, and residential.

It also followed pleas from the executives of Aritzia and Herschel, whose global headquarters offices are located in Railtown. Both companies would like to remain and significantly expand in the area, but the area faces growing public safety and crime issues due to both its adjacency to the Downtown Eastside’s core area and the physical limitations of strict industrial uses.

Sim’s motion also directs City staff to prepare formal requests to the regional district in Fall 2025 to remove the protected industrial land reserve designation from any of these sites.

Additionally, City staff will explore options for future land use that maintain or intensify employment uses, while also “appropriately accommodating the potential for housing and public amenities such as green space, childcare, community and recreation facilities, and arts and culture spaces.” The relationship of the exceptional sites to public transit hubs and opportunities for “integrated job space intensification” will also be assessed.

Share this page

Similar Posts

  • | | |

    From Refugee Camp to Real Estate

    Overcoming Barriers to Homeownership For many newcomers and first-time buyers, the barriers to homeownership can seem insurmountable: lack of credit history, limited savings for a down payment, and unfamiliarity with the real estate process. But with the right knowledge and resources, these challenges can be overcome. Programs like Rent-to-Own Options and Down Payment Assistance Programs are game-changers, especially for…

    Share this page
  • |

    The BRRRR Trap — 7 Costly Mistakes New Investors Make and How to Avoid Them

    The BRRRR method—Buy, Rehab, Rent, Refinance, Repeat—is one of the most powerful strategies for building a real estate portfolio without constantly injecting new capital. But it’s not foolproof. For first-time investors, a few wrong moves can derail the entire cycle—leading to missed refinance windows, disappointing returns, or deals that flat-out don’t work. Here are seven…

    Share this page
  • | | | | | | | | |

    I want to rent. Everything you need to know

    Tips for tenants and landlords. Things to consider when looking for rental housing and evaluating costs. As a general rule, housing costs should be less than 30% of before-tax household income. This includes: Below are other considerations to take into account before renting: TIPS FOR TENANTS… While there are no perfect rentals, there is a…

    Share this page
  • | |

    Vancouvers installing a car tower near Granville Bridge and people are pissed

    A 33-foot-tall car sculpture is rising in one of Vancouver’s busiest neighbourhoods, and residents are not too thrilled. The Trans Am Rapture sculpture is being permanently installed in a green space near the southwest loop of the Granville Bridge, and people living nearby say they weren’t warned or asked. The City of Vancouver has confirmed that the sculpture, formerly known as Trans Am Totem, will remain in its new location for at least 10 years. Construction is already underway, with a massive concrete foundation poured in mid-June. Construction progress on the foundation for Trans Am Rapture at Granville Street Bridge’s southwest loop, as seen on June 19, 2025. (Kenneth Chan) But Fairview residents say the city never asked them. An online petition on change.org opposing the car sculpture has already drawn over 100 signatures. “We found out through online stories that this installation has already started. There was no notification in the neighbourhood at all by the City. There was no consultation,” Darlene Forst, a Fairview resident, artist, and television producer, told Daily Hive Urbanized. “The fact that there was no thought or consideration given to the residents of the neighbourhood… is unacceptable.” Another petition signer online commented, “As a concerned resident of the area, I am deeply disappointed that this decision appears to have been made without meaningful public consultation. It’s troubling that the City is proceeding… without transparent engagement, public access to site plans, maintenance schedules, or the budget.” The petition has received 127 signatures as of July 9. “This is not a suitable place for this installation,” added another petition signer. “It belongs in an industrial zone, not Fairview.” Originally installed in 2015 at Quebec Street and Pacific Boulevard, the car sculpture was removed in August 2021 due to excessive bird droppings and structural damage. “It became a lovely home for a lot of birds, which then pooped all over the place,” Forst recalled. “The entire location needed to be cleaned up and decontaminated, and the piece itself needed to be decontaminated.” Despite being decontaminated, repainted, and refitted with a new internal support system, residents say the risks haven’t been addressed. “There’s nothing in place… to guarantee that the site will be cleaned regularly and will not become as contaminated,” she said. “This very large sculpture… is going to remove a large portion of our green space. People walk through it to get their groceries. You used to see the sky and the mountains. Now you’ll be walking under cars, which feels uncomfortable.” “It’s going to profoundly change the feel of the neighbourhood.” It was decontaminated, repainted, and fitted with a new internal support system. Despite this, many in Fairview say it shouldn’t be returning at all, especially not outside their homes. “This belongs in an industrial area, not the south Granville Fairview area,” commented another petition signer. The new site is technically not a designated park, but serves as an open public green space used by pedestrians and cyclists on the Granville Connector and Arbutus Greenway. New permanent location of Trans Am Rapture at the southwest loop of the Granville Street Bridge. (Google Maps) The City sees the installation as a “gateway feature” aligned with its public art goals under the Broadway Plan. Residents, however, see it differently. Forst, who launched both the online and paper petitions against the sculpture, says opposition has grown rapidly. “The number of signatures has tripled over the last three days,” she said. “We’re trying to, first and foremost, let people know that this installation is happening, because there’s been so very little notification about it.” They’re urging others to sign the petition and write to Mayor Ken Sim and Vancouver City Council to stop the installation before it’s completed later this summer. What do you think of the sculpture? Comment below. Daily Hive has contacted the City for comment and will update this story if a response is received. With files from Kenneth Chan Want to stay on top of all things Vancouver? Follow us on X

    Share this page
  • | | |

    PreSale Pitfalls: What to Know Before Buying a Condo OffPlan

    Buying a condo before it’s built—often called buying “off-plan” or “pre-sale”—can seem like a smart move. Early access, lower prices, and VIP incentives are all part of the allure. But for many buyers, what starts as an exciting opportunity ends in costly frustration. Before you sign on the dotted line, here’s what you need to know. 1. Construction Delays Are the Rule—Not the Exception That “anticipated completion date” on the brochure? Treat it as a guess, not a guarantee. Developers often face delays due to labor shortages, permitting issues, supply chain bottlenecks, or weather disruptions. Contracts usually allow for extensions, sometimes for years. If your life plans hinge on that closing date—renting out your home, relocating, or locking in financing—you could be in trouble. Protect yourself by negotiating a firm outside completion date and understanding your rights if the project is delayed beyond that window. 2. Financing Isn’t Guaranteed You won’t get a mortgage today for a home that doesn’t exist yet. Most lenders issue final approvals within 90–120 days of completion, not years in advance. Between now and then, your financial situation, credit score, or interest rates could change—affecting your ability to qualify. In a declining market, even the appraised value could come in lower than your contract price, leaving you short on funding. Smart buyers stress-test their finances, secure long rate holds if possible, and build in a financing condition if the developer allows it. 3. Your Deposit May Be at Risk Pre-construction deposits are typically 5%–20% of the purchase price and can be tied up for years. If your financing falls through or you can’t close, you could lose that money. Even worse, if the developer cancels the project, you might face delays getting your deposit back—or lose interest income on those funds. Always ensure your deposit is held in trust or protected by deposit insurance. And be crystal clear on the terms under which it’s refundable. 4. The Market May Shift Beneath You Pre-sales lock you into today’s pricing. But the real estate market—and your personal finances—can change dramatically before you ever take possession. If prices fall or interest rates spike, you may regret locking in that number. Worse, if you planned to flip the unit, shrinking demand or oversupply could derail your exit strategy. This isn’t a problem if you’re buying to live. But if you’re banking on appreciation, understand the gamble you’re taking. 5. Not All Developers Are Created Equal A glossy presentation doesn’t guarantee execution. Some developers have a history of late completions, poor workmanship, or walking away from projects entirely. If your builder cuts corners or fails to deliver on what was promised, your options may be limited—and expensive. Research their track record. Visit past projects. Ask about their warranty coverage. And avoid builders without a long, successful completion history. 6. What You See Isn’t Always What You Get Floorplans can change. Windows get smaller. Ceilings get lower. The high-end appliances in the showroom suite might be swapped for cheaper models by move-in. Unless your contract includes specific specs, you could end up with something very different than what you thought you bought. Push for detailed finish schedules and insist on the right to inspect your unit before final closing. 7. The Contract Isn’t on Your Side Pre-sale agreements are written by the developer’s legal team—and they’re not there to protect you. These contracts often include “sunset clauses” that allow the builder to cancel the deal if construction isn’t completed by a certain date, without penalty. Other clauses allow design changes, material substitutions, and possession delays. Hire an experienced real estate lawyer to review every word. It’s not just about what’s in the contract—it’s about what’s missing. Final Thoughts Buying a pre-sale condo isn’t wrong—it’s just risky. If you understand those risks and structure the deal carefully, it can still be a smart move. But go in eyes open. Don’t let the showroom dazzle distract you from the fine print. The more you prepare, the better your chances of turning that empty blueprint into a solid financial win.

    Share this page