2221 Main Street

Vancouver, BC

Image: Martin Knowles Photography

Catalyst and Marcon are working together with the Vancouver Affordable Housing Agency to redevelop this site in Vancouver’s Mount Pleasant area. The development will have a restaurant, retail space, and 145 affordable rental homes (studios to 3 bedroom apartments) suitable for families and individuals.  A portion of the homes will be designed to accommodate physical disabilities. 

Status:

Rezoning approval submitted October 2017

Partners:

Marcon Developments Ltd., Vancouver Affordable Housing Agency (VAHA)

Catalyst Role:

Developer, Owner, and Operator

Affordability:

  • 100% of homes will be offered at below market rents.

Financial Information:

  • Long-term land lease from City of Vancouver
  • Social equity to be raised
  • Conventional financing

Total Project Cost:

$60M

Rental Applications Begin:

TBC

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