Quote:
Originally Posted by whatnext
IE they'll be tearing down nicely sized rental units in favour of tiny overpriced rentals and condos.
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Or, to re-frame that a bit: a bit less than half of the current 605 homes in Langara Gardens, which are, admittedly, larger and more comfortable than what is built today, will give way to a much larger number of smaller homes. Significantly more people, literally thousands, will have the opportunity to live on rapid transit and in a quiet residential neighbourhood in (small) homes that will likely be among the most affordable new housing options in that part of the city. All of the rental units that are lost to redevelopment will be replaced on site and the redevelopment will include 20% of the overall number of units will be non-market social housing, with half of those for families with young children.
The current FAR of the site is an astoundingly low 0.782, which is in the same density neighbourhood as duplexes with basement suites and laneway houses would yield. The reference development plan for the site's policy statement envisions a 2.8 FAR: a nearly 4-times increase. Conservatively speaking, the site will likely yield 1,500 to 2,000+ units of housing and accommodate 2,500-4,000 people.