If approved, the project will benefit the community through the creation of long-term, high quality homes and commercial space to accommodate new jobs and secured rental residential housing, with childcare and a publicly accessible park. Key benefits include:  New Secured-Rental Housing: This proposal offers approximately 524 new high-quality secured-rental homes to Vancouver’s housing supply, which has a documented vacancy rate of 0.9% in the Mount Pleasant/Renfrew Heights neighbourhood (Source: 2021 CMHC Rental Market Report for Metro Vancouver). POPS (Privately Owned Public Space): The proposal seeks to provide a publicly accessible open space at the plaza level that is easily accessible from Broadway and the Lane. The public open space is approximately 2/3 acres in size and sensitively designed to support a variety of outdoor activities. The public open space will have active edges at the adjacent buildings and generous access stairs along Broadway. Enhanced Public Realm: This project aims to complement and build on the Broadway Plan’s vision of creating a “Great Street” along Broadway. By providing improved sidewalks, street trees, continuous active ground floor commercial frontages, and accessible places for gathering, the project aims to create a safe, inviting, and enriched public realm.  Access to High Quality Transit: In addition to being well-situated close to transit which provides direct access to the surrounding region, the site is located on an arterial street, West Broadway, with many existing retail options for residents. Access to Existing Retail: Existing retail businesses will benefit from a new, consistent customer base, while residents will benefit from retail amenities within close walking distance. Proposed uses include potential fitness space, restaurant, grocery store, cafe, and other commercial uses for both residents and the public to enjoy. Childcare: The project provides a 37-space childcare facility serving the surrounding neighbourhood. This space will include indoor childcare space, as well as extensive outdoor play area with access to fresh air and sunlight. Community Connection: Situated two-blocks from the Cambie Station, with access to the Canada Line and the Broadway Millennium Line, and located very close to several bus routes, this project allows residents and community members the ability to access anywhere in the Lower Mainland they want. Further, this proposal will provide 397 parking spaces, and over 1000 bicycle storage spaces. Sustainable Model: This development will adhere to the City of Vancouver Green Building Policy for Rezoning. Through design and construction the project will implement innovative strategies and best practices to produce a sustainable and resilient building for the benefit of future users and the surrounding community as a whole.