News, Vancouver, Canada
Susan Thompson, associate director, research, with leading commercial real estate company Colliers, has been following the development of the plan since its inception.
Why is this development important for the City of Vancouver?
Cities evolve organically over time. You can resist change or accommodate the change you’re anticipating. Vancouver is one of the fastest growing urban areas and continues to be one of the largest draws in Canada for immigrants as well as interprovincial migration. The Broadway Plan offers a way to accommodate the growth we know is going to happen in a way that creates a livable, vibrant and desirable community.
It’s taken a decade to get this project over the approval line and the city has done a great job engaging different stakeholders. The plan really looks at a broad range of benefits, whether you’re a post-secondary student going to school here, a retired senior who imagines walks along the seawall, a growing company, a business looking for fresh office space, a retailer looking for a larger parcel of land or a street front venue, or a company looking to provide a service.
How does the Broadway Plan support economic growth?
Companies that are already here have expressed a need to grow and expand, and others are looking to come into the market. The Broadway Plan accommodates those needs so that we don’t miss out on those opportunities.