- TransLink and PCI Developments held a ceremonial groundbreaking Wednesday for their Broadway-Arbutus project, the transit provider's first foray into real estate development.
- TransLink has officially started construction on its first for-profit building development project, marking a major milestone for the public transit authority’s real estate strategy aimed at generating a new, additional long-term revenue source for Metro Vancouver’s public transit system.
- Today’s groundbreaking is a historic milestone for TransLink,” said TransLink CEO Kevin Quinn.
- The Broadway-Arbutus tower project will be a 31-storey, mixed-use tower with 256 secured purpose-built rental homes, including 209 market rental units and 47 below-market rental units.
- Construction is expected to be completed in 2029.
- The project is a 50-50 partnership with local developer PCI Developments, which is responsible for some of Metro Vancouver’s largest and most successful high-density, mixed-use, transit-oriented developments.
- Additionally, within the lower levels of the tower, there will be 9,800 sq. ft. of community space for the Ohel Ya’akov Community Kollel and 5,200 sq. ft. of ground-level retail/restaurant space.
TransLink has embarked on a significant venture by breaking ground on the Broadway-Arbutus project, its inaugural real estate development in collaboration with PCI Developments. This mixed-use tower, located at West Broadway and Arbutus, will stand 31 stories tall and provide 256 secured rental homes, comprising 209 market and 47 below-market rental units.12346
The project is part of TransLink's strategy to generate new revenue streams for Metro Vancouver's public transit system. CEO Kevin Quinn emphasized the importance of this milestone, stating, “Today’s groundbreaking is a historic milestone for TransLink.” The development will also include 9,800 sq. ft. of community space for the Ohel Ya’akov Community Kollel and 5,200 sq. ft. of retail and restaurant space on the ground level.7
This partnership with PCI Developments, known for its successful high-density projects, marks a new chapter for TransLink, which aims to enhance its real estate portfolio. Construction is slated for completion in 2029, paving the way for a vibrant community hub in Vancouver’s Kitsilano neighborhood.5
The realization of a second entrance to the tower will depend on future funding decisions, further enhancing accessibility to this new development.
“The Broadway-Arbutus project will feature a 31-storey mixed-use tower with 256 secured rental homes, including 209 market and 47 below-market units. TransLink CEO Kevin Quinn emphasized the project's significance, stating it aims to generate long-term revenue for Metro Vancouver's public transit system.”
