First Nation approves vast housing development on Vancouver reserve lands
VANCOUVER — One of the largest Indigenous-led housing developments in Canada is a step closer to rising in the heart of Vancouver after members of a First Nation voted in favour of the proposal.
The Squamish Nation says members made history Tuesday by voting in a referendum to approve the land designation and business terms of a 50-50 partnership with Westbank Projects Corp.
The First Nation is planning to build 11 towers on a 4.7-hectare parcel of its reserve lands at the south end of the Burrard Bridge near False Creek, with the tallest building being 56 storeys high.
It says in a news release that construction is expected to begin in 2021 and the completed project will bring about 6,000 units into the housing market, of which 70 to 90 per cent will be rentals.