CD-1 Rezoning 1405 Main Street and 1510 Quebec Street — Approve Application in Principle (Main Motion) — Public Hearing, February 10, 2026

Motion 3 Carried

Summary

Council voted to approve in principle the rezoning of a city-owned parking lot at Main and Terminal into two rental towers (42 and 25 storeys, 780 units) with ground-floor commercial space and an FSR of 10.6, subject to conditions including architectural excellence, shadow mitigation, and public realm improvements.
Staff acknowledged the proposal exceeds existing policy height limits and has negative urban design impacts (view cone encroachment, shadowing of nearby parks), but recommended approval given the significant public benefits: ~$34–35 million in DCLs and public art, plus an estimated $695 million in non-tax revenue to the city over 35–40 years.
Supporters highlighted the transit-oriented location directly across from a SkyTrain station, the addition of 780 rental homes on underutilised land with no tenant displacement, and the revenue potential to fund city priorities including affordable housing on other sites.
The sole public speaker opposed the application, citing height far exceeding the Southeast False Creek ODP (which contemplated ~20–25 storeys), irreversible neighbourhood impacts, and the example of an adjacent approved development delivering housing at lower heights.
Carried: Councillors Fry and Orr opposed; all others in favour.