VANCOUVER, B.C. – The developers behind a new apartment tower in Vancouver’s West End plan to add more than 200 market rental units to the neighbourhood that’s facing one of the worst vacancy rates in the city.
Residents of the 66 rental apartments at Brockton House at 1640-1650 Alberni St. have been informed the 47-year-old, 14-storey apartment building owned by Hollyburn Properties will eventually be emptied for redevelopment.
A 385-foot-tall, 42-storey rental apartment tower will take its place.
“We’re finalizing our plans and we’re currently at 275 rental units, so that’s an increase of more than 200 rental units,” said David Sander, the director of Hollyburn Properties. “We’ll come in at a little under 40-per-cent family-oriented, which means two-bedroom and three-bedroom suites,” he said in an interview last week.
Read the full article by Evan Duggan in The Vancouver Sun here.