Affordable housing groundbreaking with the City of Vancouver

On Mar 16, 2016 under Corporate Announcements

On Tuesday, March 15, 2016 Concert and the City of Vancouver held a groundbreaking event for an affordable housing building geared towards families which Concert is developing on behalf of the City. As part of the groundbreaking, one of the last spikes was ceremoniously removed from a railroad track that was unearthed during site preparation.

Being constructed on a portion of a 6.4 acre site in Southeast False Creek, this 15-storey building will provide 135 suites of affordable family housing.

This building is part of a larger master-plan community being developed by Concert known as The Creek that also includes four market housing buildings containing approximately 450 suites. An approximate 2.7 acre waterfront park will also be developed by the City on the site.

“We are proud of our plans for The Creek, and the contributions it is making towards the provision for new affordable housing and a future waterfront park in Vancouver,” said Brian McCauley, President and Chief Operating Officer of Concert. “As a company who has been committed to building strong, sustainable communities across Canada since 1989, we are grateful for the opportunity to assist the City with the development of this important affordable housing project.”

Completion of the affordable housing project is expected by mid-2018, at which time the City will select a non-profit housing operator to lease and operate the building. 

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