Westbank Proposing 3 Towers For East Village Project In Vancouver

The redevelopment plan is being proposed by a group of three partners: prominent Vancouver-based developer Westbank, Vancouver-based real estate investment firm Promerita Group, and Crown corporation BC Housing.

Vancouver's notorious Downtown Eastside (DTES) is set for a significant makeover, with a stretch of E Hastings Street the subject of a significant redevelopment plan, according to rezoning applications published by the City of Vancouver on Friday, September 6.

The redevelopment plan is being proposed by a group of three partners: prominent Vancouver-based developer Westbank, Vancouver-based real estate investment firm Promerita Group, and Crown corporation BC Housing.

The proposal is for 924 units across three towers on three separate land assemblies between Raymur Avenue and Vernon Drive, with the developers having submitted three individual rezoning applications that the City of Vancouver says will be reviewed and processed concurrently.