On June 20th, 2018, in preparation for the Broadway skytrain that is estimated to be completed in 2025 Vancouver City Council began the official planning process for the Broadway Corridor so that densification could occur around the skytrain stations. The Broadway Corridor will have skytrain stations down Broadway to Arbutus (possibly all the way to UBC) and currently contains about 10% as many jobs as downtown Vancouver. The photo below helps give some insight into the stations and the zones of density that may appear around them.
With this, the city implemented the Interim Rezoning Policy. The Interim Policy froze much of the development along Broadway during the planning process.
Read it here
https://vancouver.ca/files/cov/broad...plications.pdf
They also implemented the "development contribution expectation policy" which hints at the sqft costs for development along Broadway in the future.
Read it here
https://vancouver.ca/files/cov/devel...y-planning.pdf
For the next 2.5 years the city will begin planning for development along the Broadway corridor with the plan to be presented to city council in late 2020.
Project timeline is here
https://vancouver.ca/home-property-d...dway-plan.aspx
The planning process is supposed to be guided by the terms of reference here
https://vancouver.ca/home-property-d...dway-plan.aspx
Read the full report presented to the city here
https://council.vancouver.ca/2018062...ents/pspc3.pdf
The Broadway Corridor will likely be the most significant densification since Downtown Vancouver.
The Metro Core Jobs and Economy Study identified many areas along the corridor for increased commercial density. The below image shows this and the current zoning for the corridor.
The plan's study area will be as below
In Early 2019 there will be public consultation. Hope you can all come and cheer for density!
Area Profile:
Part 1
https://vancouver.ca/files/cov/broad...ile-part-1.pdf
Part 2
https://vancouver.ca/files/cov/broad...ile-part-2.pdf
Public Consultation has begun.
Update: Nov 14th 2018 new council approved city wide plan to be carried out. They agreed that the Broadway plan would still go ahead at the same time.
Update: Found this case study analysis for Broadway "Land Values and Transit Investment"
https://sustain.ubc.ca/sites/sustain...dor_Harlos.pdf
Update: CoV voted to purchase extension to UBC with the requirement that redevelopment be based on the upcoming city plan rather then necessitated by transit (I think thats what they said, I may have to edit this).
Update: Area Profile Links
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