New partnership with PCI will pursue transit-oriented development near Arbutus SkyTrain Station 

NEW WESTMINSTER, BC — TransLink and PCI Developments (PCI) are announcing a new partnership to build a proposed mixed-used development near the future Arbutus SkyTrain Station, on West Broadway and Arbutus.

Located next to the future terminus of the Broadway Subway, an incoming bus loop, and the Arbutus Greenway mixed-use walking and cycling path – this is the first development under TransLink’s Real Estate Development Program. This transit-oriented development will improve people’s access to sustainable transportation options, generate new long-term funding for transit services, and provide much-needed housing options.

“This partnership will help us build a new transit-oriented community, where people can more easily take transit, walk, or cycle,” says TransLink CEO Kevin Quinn. “This program will generate much-needed long-term revenue to expand and improve vital transit services, while aligning with local and provincial government goals to increase housing supply.”

TransLink and PCI own adjacent plots of land on the southeast corner of Arbutus and Broadway and have entered an equal development partnership. The proposed development would include:

• 30 storeys of mixed-use residential and commercial space
• Street-level retail and over 200 residential rental units, 20 per cent of which will be rented at below market rates and secured for moderate-income households
• Community space that will serve as the future home of the Ohel Ya’akov Community Kollel, a Jewish cultural, education, and neighbourhood centre

“We are honoured to be partnering with TransLink on this significant transit-oriented, mixed-use development,” says PCI Developments President Tim Grant. “We are similarly excited about partnering with The Kollel in delivering their new community and worship premises – all in conjunction with desperately needed market and below-market rental housing in a sustainable development adjacent to Arbutus Station and the Arbutus Greenway.”

As Metro Vancouver’s population continues to grow and demands on transportation and housing increase, people are increasingly looking toward transit-oriented communities to live and work in. This transit-oriented development will be in-line with the City of Vancouver’s Broadway Plan while helping to achieve targets outlined in Transport 2050 and Metro 2050.

Further details of the project are still being finalized and will be shared with the public later this spring through a TransLink and PCI-led public engagement process, including a community open house. Following this initial public engagement phase, a formal rezoning application will be submitted to the City of Vancouver.

More Information:
TransLink Real Estate Development Webpage
TransLink Real Estate Development Booklet

Media Contacts:
TransLink Media Relations | media@translink.ca
PCI Developments Media Relations | 604-662-3500 | lesli@boldtcommunications.com