Squamish Nation Plans 6,000-Unit Development in Vancouver
"A First Nations-led development proposal in the heart of Vancouver [in British Columbia] has doubled in size from its original plans to include 6,000 units of mostly rental apartments in 11 towers, a project expected to be worth billions of dollars," according to The Globe and Mail.
The development in the Kitsilano neighborhood of Vancouver will be located on land belonging to the Squamish Nation. The density and design of the buildings—straight towers without townhouses at the base and parking for only 10 percent of the apartments—will be new for the area.
The article notes that the city of Vancouver will have little say in the development plans, and members of the Squamish Nation will be voting on a referendum in December. "It would be one of the largest private First Nations investment projects in the country, expected by the Squamish to be in the billions of dollars, and turn the First Nation into a major developer in Vancouver’s lucrative housing market."