Global News: Developers propose nearly 1000 high priced rentals for Safeway site, ignore community plan.

“We need affordable rental. We don’t need more luxury suites. That’s not a benefit (to) anybody,” says community leader.

Global News story February 7, 2024. View it here: https://globalnews.ca/news/10276718/broadway-commercial-project-revision/

Developers Crombie Real Estate Investment Trust and Westbank are now proposing three 40 storey “mega-towers” at Broadway and Commercial, charging expensive rents. Only 10% of the 981 suites will be based on average city rents – the rest will be as high as the market allows. The proposal is at odds with the community plan, which calls for a new “social heart” for the neighbourhood with a new civic plaza at a renewed Safeway site, with towers no more than 24 storeys high.