Three downtown Vancouver towers to focus on rental units over market condos
Three new highrise towers planned beside Rogers Arena will feature several hundred rental units as their residential component instead of condominiums.
`It`s in the heart of the downtown core and we thought it would be a great rental project,` said David Negrin, president of Aquilini Developments and Construction, on Wednesday. `We`re taking some risk, but feel there`s a real requirement for rentals in downtown Vancouver."
According to the plan, which originally favoured condos in the mixed-used development, a total of 614 one-, two- and three-bedroom rental units would be built in stages over the next several years with the last of the towers ` between 23 and 32 storeys ` completed in the spring of 2016.
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