Vancouver luxury tower ditches social housing component
The Curv tower development in Vancouver’s West End is a case study in investor influence and market dynamics – and the role developers play in delivering crucial below-market housing.
The 60-storey project promised 102 units of social housing on the levels below the luxury condo and market-rate rental suites, a feature that helped them obtain rezoning approval for considerably more density. Presales had been going well. The marketing spokesperson said they had set a record last year, with the sale of a $4,400-per-square-foot unit on one of the top floors.
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