The City of Vancouver Development Permit Board has approved the Sequel 138 condo project on the site of the former Pantages Theare at 138 East Hastings, Vancouver.
The condo project will contain 97 units, 18 of them being social housing. 79 one-bedroom condos will go on sale soon, starting at less than $250,000. Purchasers must make less than $60,000 a year, promise to live in the unit and preference will be given to people who already live or work in the Downtown Eastside.
There will be a program to help with the downpayment and a low deposit structure. The presentation centre for Sequel 138 is located in the International Village Shopping Centre.
Sequel 138 was fiercely opposed by poverty activists in the area, who say condos on the 100-block of East Hastings, will lead to further gentifrication of the area. VANDU (Vancouver Area Network of Drug Users) even warned that the development would “destabilize the drug market” in the area. Sequel 138 will be located a couple of doors away from the Carnegie Centre at Main and Hastings.
The building itself will feature 2,500 worth of art space, urban agriculture plots and exterior corridors and courtyard. There will be a passageway linking E .Hastings St. with E. Pender St. in Chinatown, which will house several commercial units.
Walking distance to downtown, Chinatown and Gastown, this development promises to be some of the most affordable one-bedroom condos available in Vancouver.
Sequel 138 is expected to be completed in 2013. For updates visit www.sequel138.com







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