Madison Pacific Properties Inc T.MPC

Rupert St. further.

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The Rupert lands are employment focused.
The likely outcome will be mixed use above employment.
No doubt the proximity to Rupert staion will spur significant increase in floor space.

In its Metro 2050 draft plan, the regional district has already indicated that it would consider allowing mixed-use densities for industrial lands immediately next to SkyTrain stations, provided that the redevelopments offer a combination of residential uses above industrial and commercial uses. With a severe regional shortage of industrial space, these areas are not expected to lose their primary designation for employment uses.

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As another factor, the 2025 completion and opening of the Millennium Line’s Broadway Extension to Arbutus Street will make both stations more regionally connected. “The desire to preserve and intensify industrial and employment lands in the area immediately surrounding the stations will create more jobs close to transit, which has the potential to significantly increase ridership,” states the