West Vancouver approves more rental housing for Park Royal redevelopment

Jul 17 2020, 11:35 am

The under-construction Gateway Residences at Park Royal will be gaining new verticality after District of West Vancouver council’s approval of the enlarged project scope shortly after midnight.

After hearing from public speakers, district council voted 4-3 in favour of the proposed changes to the redevelopment, with Bill Soprovich, Peter Lambur, and Marcus Wong voting against.

District council first approved a smaller project in May 2018 for two towers — 11 and 14 storeys — at 752 Marine Drive, the former parking lot at the southwest corner of the intersection of Marine Drive and Taylor Way.

Approximately a year later, and after construction had already begun, Larco Development and Park Royal returned to the municipal government with a proposal to add five storeys to each tower, increasing the heights to 16 and 19 storeys.

Gateway Residences 707-723 Main Street West Vancouver Park Royal

2018 design (left) and approved 2020 revisions (right): artistic renderings of the Park Royal mixed-use towers at 752 Marine Drive, West Vancouver. (DIALOG/Park Royal/Larco Development)

The approved revisions will have 298 homes, including 138 permanent market rental units, 57 market rental units for 20 years, 92 unsecured rental units, and 11 district-owned supportive rental units.

This is up from the previous scope’s 203 homes, including 49 permanent market rental units and 51 market rental units for 20 years. The floor area ratio density will increase from 2.25 to 3.07.

At ground level, the redevelopment will incorporate retail and restaurant units, as well as a public plaza.

Gateway Residences 707-723 Main Street West Vancouver Park Royal

2018 design (top) and approved 2020 revisions (bottom): artistic renderings of the Park Royal mixed-use towers at 752 Marine Drive, West Vancouver. (DIALOG/Park Royal/Larco Development)

While the property owner made a decision to build a larger foundation, in hopes of receiving council’s permission to build a larger project, the revised project will not add any new additional parking beyond the 232 vehicle stalls previously approved. But there will be 119 additional bike parking stalls, bringing the total to 403 bike parking stalls.

District council will receive $31.3 million in community amenity contributions, including $21.8 million as a financial contribution to the municipality, and $10.5 million as an in-kind contribution through the supportive units and on-site daycare.

Throughout the night, opponents on the revisions took issue with the added height, density, traffic, and the possibility that this would set precedent for developers to return to council for a larger project scope.

Those who were in favour of the project focused their attention on the infusion of the affordable housing provided.

2019 artistic rendering of the revised design of the Park Royal mixed-use towers at 707-723 Main Street, West Vancouver. (DIALOG / Park Royal / Larco Development)

Gateway Residences 707-723 Main Street West Vancouver Park Royal

2018 design (left) and approved 2020 revisions (right): artistic renderings of the Park Royal mixed-use towers at 752 Marine Drive, West Vancouver. (DIALOG / Park Royal / Larco Development)

Mayor Mary Ann-Booth, who voted in favour, highlighted West Vancouver is severely unaffordable for the jurisdiction’s workers and the average family, with the average house priced at $2.8 million. The annual household income required to buy such a residence is $435,000.

She says the district needs to focus on building smaller condominiums, market rental homes, and below-market rental homes, which remain within the realm of affordability.

Ann-Booth went on to say her support for the revision is “an opportunity for me and this council to correct a mistake,” adding that she is “now able to support what I thought should be done in the first place.”

Council went against staff’s recommendations in 2018 for taller towers, and instead went down to the 11 and 14 storey heights. The mayor says she regrets not halting these proceedings.

“I felt we left density on the table, and we left the opportunity to build housing for families, for young people, and seniors in a really modest tower for this location, which has the best bus connections in West Vancouver, some of the best amenities in the district, and has childcare. I felt we should take more advantage of the property,” she said during the meeting.

Gateway Residences 707-723 Main Street West Vancouver Park Royal

2018 design (top) and approved 2020 revisions (bottom): artistic renderings of the Park Royal mixed-use towers at 752 Marine Drive, West Vancouver. (DIALOG/Park Royal/Larco Development)

“Our job is to think 30 to 50 years from now, like the visionary councils that approved the Ambleside apartment zone, the West Royal high-rises, and Evelyn, despite immediate and vocal opposition, including a failed referendum,” Ann-Booth continued, noting that the thousands of people living in these developments would not have homes if it were not for the decisions of past councils.

“It’s not about how we look doing our job, it’s about doing the right thing and having to look yourself in the mirror every morning and night, and say, ‘I did the best job for this community.'”

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