CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 WORKSHOP FORMAT - PowerPoint PPT Presentation

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 WORKSHOP FORMAT 5:30 pm Arrival, Food and Coffee Display Material 6:00 pm Welcome and Introductions Presentation #1 - MTC Concept, Built Form and Affordability Presentation #2 - Land Economics 6:40 pm Breakout Discussions Round 1 7:30 pm Pinup discussion summary & break 7:45 pm Presentation # 3 - Transportation and Amenities 7:55 pm Breakout Discussions Round 2 8:20 pm Pinup discussion summary 8:30 pm Finish

CAMBIE CORRIDOR: MTC WORKSHOP CAMBIE CORRIDOR OCTOBER 3 / 4, 2017 PLANNING PROGRAM OAKRIDGE MTC WORKSHOP

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 TEAM INTRODUCTIONS! Thank you to facilitators and community members

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 PLANNING PHASES  Phase 1 (Jan 2010) • Principles • Interim rezoning  Phase 2 (May 2011) • Arterial sites • Interim Public Benefits Strategy  Phase 3 (ongoing) • Transition areas, off arterials • Unique sites • Public Benefits Strategy • Public Realm Plan South of 57th Ave: Marpole Plan (2014)

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 Spring / Summer 2017 Open houses Fall / Winter 2015 Late 2017/ Online surveys early 2018 Walking tours Coffee Chats Sub-area workshops Proposed Plan Stakeholder workshops Spring / Q1 Spring 2016 Fall 2017 March 2018 Summer 2015 Engagement with Spring Expo Present MTC residents Scope of work Coffee Chats proposed approved Cambie Corridor Launch events Plan to City Walking tours Council

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 CURRENT WORK • Land Use: Refining areas proposed for change and providing clarity around heights and densities • Affordable Housing: Aligning Cambie Corridor housing directions with new Housing Vancouver Strategy • Municipal Town Centre: Completing directions for Oakridge MTC to provide housing affordability & appropriate built form

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 LAND USE OUTSIDE THE MTC Phase 2: Introduced higher density & mixed-use along arterials Phase 3 directions include: • New townhouse zone • Limited new apartment areas • Retain & enhance local shopping areas • Unique sites to achieve diverse housing & local amenities – high level direction • Municipal Town Centre

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 HOUSING OUTSIDE THE MTC Retain existing and deliver new rental and social housing • Allow greater height/density for 100% rental projects • Target 20% affordable or social housing & other amenities on Major Project & Unique Sites • Increased density considered on Phase 2 for social housing • Require one-for-one replacement of existing rental & Tenant Relocation Plan • Minimum 35% of new units in a project to be 2 & 3 bedroom suitable for families Introduce more (and smaller) townhouses

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 WHAT ARE MUNICIPAL TOWN CENTRES? • Regionally-designated urban centres with transit-oriented communities, diverse populations, a range of job, retail, cultural, and public spaces, and a variety of housing options. • Ideal location to accommodate growth (also a Frequent Transit Development Area) • Opportunity to create a complete community

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 WHY WE ARE TAKING A CLOSER LOOK? • To maximize the potential of the City’s only Municipal Town Centre • Enable housing that is better matched to real household incomes • Create more job space • Establish a built form that reflects the regional significance of the municipal town centre MTC Boundary

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 HOUSING ENGAGEMENT: WHAT WE HEARD (~ 10,000 PARTICIPANTS) • Affordability is the top concern for Vancouver residents , as well as the main driver in their decision to move away • Creating more of the Right Type of Housing and Security and Protection for Renters were the top priorities identified for the City to tackle • Vancouver needs more rental housing options in a diversity of forms in all neighbourhoods that meet the needs and match the incomes of local residents

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 POLICY CONTEXT • Housing prices far exceed median incomes in Vancouver • ~50,000 households are spending more than 30% of their income on rent • Key Housing Gaps: Households earning <$50k & Families earning <$80K • Challenging for local employers attracting and retaining young professionals $6,000 Vancouver Housing Costs vs. Median Household Incomes $5,000 $4,000 Average Rent City- wide $3,000 Average Rent New Buildings $74,200 $2,000 Monthly Cost for Condo Ownership $47,280 $1,000 Median Income Families $0 Median Income studio 1-bed 2-bed 3-bed

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 WHAT IS THE GOAL? R S SOCIAL BELOW MARKET RENTAL B RENTAL Housing for low income A healthy rental market earners is in urgent need. Rental rates matched to is essential to providing Delivering social units is a Vancouver a strong economy high priority. resident household and housing system. Expanding the rental incomes to provide the ‘right supply’ for supply is crucial for moderate income Vancouver. households. e.g. FAMILY Over $80,000/yr HOUSEHOLD Under $50,000/yr ~$50,000 - $80,000/yr INCOMES Expand the supply of New development with a 100% rental with MTC rental units and continue minimum of 30% turnkey minimum 20% below TARGETS to offer City incentives social units, remainder market units (e.g. DCL waiver) strata

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 RENTS IN BELOW MARKET UNITS Rents in New Market Proposed Rents in Income Level Served in Rentals Below Mrkt. Units Below Mrkt. Units Studio $33,000 – $46,000 $1,360 $950 1-Bed $41,000 – $58,000 $1,747 $1200 2-Bed $55,000 - $77,000 $2,308 $1600 3-Bed $69,000 – $96,000 $3,030 $2000 Notes: 1. Rents in new market rentals are 2017 DCL waiver maximums for Vancouver East 2. Income levels served in below market units assume 25% to 35% of income is spent on rent

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 WHAT IS THE GOAL OF THE MTC? R CREATES POTENTIAL FOR PURPOSE BUILT RENTAL • 6+ storey developments are optimal for Low- and Mid-rise providing more supply of rental units • Increased number of units can help alleviate pressure on a very tight rental market

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 WHAT IS THE GOAL OF THE MTC? B R S CREATES POTENTIAL FOR POTENTIAL FOR ALL OPTIONS • High rise developments provide more units • Support a diversity of incomes and the inclusion High-rise of social or below market units • Typically 30 units are needed to allow for efficient management of any below market or social housing developments

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 WHAT IS THE GOAL OF THE MTC? OFFICE Create more office space within the Oakridge Municipal Town Centre to provide jobs and create a more complete community.

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 WHAT WAS PRESENTED IN JUNE? CONCENTRIC RINGS EAST- WEST CONNECTOR SUNLIGHT AND TRANSITIONS Willow St Willow St Willow St Heather Heather Heather Street Street Street s s s Lands Lands Lands ridge ridge ridge Columbia St. Columbia St. Columbia St. Elizabeth St. Elizabeth St. Elizabeth St. Heather St. Heather St. Heather St. Manson St. Manson St. Manson St. Alberta St. Alberta St. Alberta St. Baillie St. Baillie St. Baillie St. Ash St. Ash St. Ash St. mmunity mmunity mmunity Oakridge Oakridge Oakridge Centre Centre Centre Columbia Columbia Columbia Park Park Park UNIQUE UNIQUE UNIQUE SITE SITE SITE Cambie St. Cambie St. Cambie St. Willow St. Willow St. Willow St. Tisdall St. Tisdall St. Tisdall St. . . . . . . t t t t t t S S S S S S a a a a a a i i i t t t b b b r r r e m e m e m

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 WHAT WE HEARD: 650+ RESPONDENTS In general, do you agree or disagree with the overall approach to the Oakridge MTC? Generally, what do you think of each concept?

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 WHAT FURTHER IS BEING DONE? • Further economic testing • Working with all city departments including: • Parks • Engineering • Transportation • Community Services • Consultation with Committees • Listening to community input to refine ideas and concepts

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 EVOLVING DIRECTION

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 WHAT WE HEARD? Desire to see improved transitions along the edges of the Municipal Town Centre to reduce impacts on surrounding neighbourhoods Concern about building heights, particularly along the major streets and at the Cambie and 41st intersection Desire to see stronger connections to parks and the Heather Street Lands General preference for the Sunlight & Transitions concept

CAMBIE CORRIDOR: MTC WORKSHOP OCTOBER 3 / 4, 2017 WHAT WE HEARD? PROVIDE A VARIETY OF BUILDING FORMS AND HEIGHTS PROVIDE OPEN SPACE AS PART OF DEVELOPMENTS PROVIDE BUILDING FORMS THAT MAXIMIZE OPPORTUNITIES FOR AFFORDABILITY