B.C. financing $164M for development along Vancouver’s Broadway corridor

VANCOUVER — A new housing project along the City of Vancouver’s Broadway corridor will introduce 258 new rental homes to the city.

The residential tower will be 28 storeys tall and will be located at 2538 Birch St. The project represents a partnership between the Government of British Columbia through its HousingHub program, the Jameson Development Corp. and the city.

Jameson Development is providing $81.41 million and receiving $164 million in low-interest financing from B.C. for the project. The city is providing development cost levy waivers valued around $3.1 million, according to a news release.

The building will contain 58 below market units and 200 designed to be affordable for middle-income households, states the release.

It will also include office and commercial space, five levels of underground parking, an outdoor playground, urban agriculture areas and a dog-washing station.

Construction is expected to be completed by 2025.