Looks like The Plaza of Nations on the north side of False Creek is up for the next real estate overhaul.
The City of Vancouver is currently considering a proposal to build 1,700 to 2,000 residential units. The proposal also includes retail, office, hotel, restaurants, and cafes, a community centre, a daycare, an ice rink, and sports science centre.
That’s a major facelift for this False Creek real estate!
From the Vancouver Sun article:
The development would add 363 metres of seaside walkway on the north side of False Creek with bike paths between Coopers’ Park and the foot of Georgia Street.
About 4,500 metres of civic plaza on the waterfront would provide public space for concerts, neighbourhood gatherings and art shows.
The proposal comes from developer Canadian Metropolitan Properties Corporation, which owns the land. The developer has leased the Edgewater Casino at the Plaza of Nations to Paragon Development until 2013 but plans for a relocated casino are in limbo. Paragon had wanted to relocate Edgewater and build a mega casino west of BC Place Stadium but the city has put a moratorium on casino expansion.
Councillor Raymond Louie said the developer would pay for the Pacific Boulevard project and there would be no cost to the city.
This is the last frontier for False Creek development. It will be interesting to see how it comes together.
If you’d like to know more about buying or selling real estate around False Creek, please contact Vancouver Realtor Justin Leigh.