Construction crews have started building a 28-storey mixed-use tower that promises 283 non-market homes, a 44-seat child-care centre, and a new four-bay Firehall 8 in Northeast False Creek.
City officials say the project marks a major push to build more complete communities, which maximize scarce urban space while addressing multiple civic needs under one roof.
The building will offer 283 homes for seniors, families, individuals and people with disabilities at deep subsidy income limits, rent-geared-to-income and lower-end-of-market levels. Of these, 117 units are designed specifically for families.
The project is being delivered through a partnership between the City of Vancouver, the province of British Columbia, via BC Housing, and the Brightside Community Homes Foundation. The city is contributing roughly $47.2 million through a mix of capital funding, fee waivers and land value, while BC Housing is providing $44.8 million through the Building BC: Community Housing Fund, plus $5 million annually for operations. Brightside will operate the housing and is collaborating with M’akola Development Services to complete the project.
The childcare centre, operated by the Vancouver Society of Children’s Centres (VSOCC), is a key component of the City’s Making Strides Childcare Strategy. Meanwhile, the new Firehall 8 will replace the aging and undersized facility in Yaletown and include four apparatus bays, modern training facilities and an energy-efficient design that will meet Passive House standards.
“We are working together to help create homes for Vancouver residents and add services in the community that make life better for everyone,” said Terry Yung, MLA for Vancouver-Yaletown. “This project means more security, more opportunity and a stronger, safer community for everyone.”
Construction at 95 Nelson Street is anticipated to be complete in 2029.
As part of a land transfer agreement with Concord Pacific, funding has been confirmed for three affordable housing projects in False Creek North—including 95 Nelson, 1010 Expo Boulevard and 450 Pacific Street—with construction expected to finish in 2028 and 2029.
This project is part of a broader land transfer agreement with Concord Pacific that includes two other affordable housing projects in False Creek North: 1010 Expo Boulevard and 450 Pacific Street.
