City seeks redevelopment bids for Granville Bridge loop lands

Aim is to create “Granville Gateway” neighbourhood with new development and pair of high-rises

Following the unveiling of designs for a 52-storey high-rise at the new “Granville Gateway” on the downtown end of Granville Bridge, the City is seeking interest to redevelop the land currently used by the bridge’s downtown off-ramp loops.

In an “Invitation to Offer to Lease” on the City’s website, the City is marketing both the east and west loop lands for redevelopment, following its decision to demolish those loops.

article continues below

The opportunity being offered is not to buy the lands, but for a 99-year lease on the properties at 625-675 Pacific Street and 777 Pacific Street.

The sites, which total 1.86 acres, are currently home to the curved off ramps that connect the bridge to Pacific Street. The lot inside the west loop is currently occupied by the Black Top & Checkers Cabs HQ, whose lease is up in July 2018, and the east loop is vacant. After the loops are demolished, the sites will be subdivided into four blocks.

Granville loops site plan
City of Vancouver's plan to divide the Granville Bridge loop lands into several neighbourhood blocks, following demolition of the exit ramps. Image via City of Vancouver

The invitation calls for 725,000 square feet of residential, commercial and non-market housing in various new buildings in the four new blocks. At least 58 social housing units must be built as part of the east loop redevelopment, and 51 social housing units and a 37-space childcare facility are required for the west loop. In addition, the notice stipulates that two of the four blocks should be rental buildings with 20 per cent of the units at below-market rates.

The redevelopment of the area is intended to create a “Granville Gateway” neighbourhood, with 493-foot Vancouver House and the proposed new 535-foot building 601 Beach flanking each side of its entrance.

Concept rendering of a suggested new neighbourhood replacing the Granville loops. Image: Cressey Development Group

Read Related Topics


NOTE: To post a comment you must have an account with at least one of the following services: Disqus, Facebook, Twitter, Google+ You may then login using your account credentials for that service. If you do not already have an account you may register a new profile with Disqus by first clicking the "Post as" button and then the link: "Don't have one? Register a new profile".

The Vancouver Courier welcomes your opinions and comments. We do not allow personal attacks, offensive language or unsubstantiated allegations. We reserve the right to edit comments for length, style, legality and taste and reproduce them in print, electronic or otherwise. For further information, please contact the editor or publisher, or see our Terms and Conditions.

comments powered by Disqus

Popular Real Estate

Popular Vancouver Courier