BC Gov Buys Former ICBC HQ In North Vancouver For TOD Project

The Province says it is planning a transit-oriented development project for 151 Esplanade W, which was formerly the home of ICBC.that it had purchased 151 Esplanade W, the six-storey office building that is the headquarters of the Insurance Corporation of British Columbia .

"Underused areas that are already well-connected to transit and close to services and amenities are the perfect places to build new homes," said Premier David Eby on Monday. "That's why we're buying up land near transit hubs and working with partners to shape development in a way that prioritizes the needs of the people who live and work in our communities over luxury condos.

Few concrete details about the project were provided, with Eby only saying that the project "will transform the site of a largely empty office building into a thriving community with hundreds of attainable homes for middle-income people" and that the mixed-use development would include amenities such as child care, health care, and public spaces.

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