On Thursday, Vancouver City Council approved a project by Mercury Properties — a division of— that would see a mixed-use complex with office and light industrial space built right next to Marine Gateway, further adding to the economic-focused development of that particular area of the City.
The complex will be located on 396 South West Marine Drive, in the Marpole neighbourhood of Vancouver. The site is right next to Marine Gateway, the mixed-use retail hub built around Marine Drive Station of the Canada Line SkyTrain, and is also half a block west of Wesbild’s Marine LandingThe site, approximately 3.
The City values the childcare facility at an estimated $6.2M. Hungerford will also pay $15.4M in Development Cost Levies and contribute $1.2M towards the City’s public art program, bringing the total public benefits to just shy of $22.8M.The future complex will be located within the Cambie neighbourhood of the, which identifies the neighbourhood as an “intensive employment area” and encourages employment uses via office, industrial, and/or institutional uses.
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