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Board of Trade supports redevelopment of historic Stock Exchange building

November 02, 2012

The Vancouver Board of Trade has expressed support for the proposed redevelopment of the historic Vancouver Stock Exchange. 

In a letter to City of Vancouver Mayor Gregor Robertson [PDF], Board of Trade Chair Ken Martin said the proposed rezoning will protect and enhance the commercial function of Downtown Vancouver, maintaining the city's core as a leading Canadian employment centre.

Martin noted that the proposal is consistent with the City’s Metro Core Jobs and Economy Land Use Plan, which foresees a potential shortfall of up to five million square feet by 2030 without the rezoning contemplated by applications such as this.

In a previous letter to council, The Board of Trade expressed support for the City’s taller buildings policy, saying its “densification and provision for additional office space, in conjunction with additional residential development, is important to the continued growth of the downtown peninsula.”

However, the letter also included a caveat that taller buildings should be “architecturally significant” and deliver “outstanding architectural and heritage additions" to the surrounding neighbourhood.

“The Board welcomes the heritage conservation and dedication proposed for the building, and we support the use of bonus density for this purpose,” wrote Martin. “In addition, we would also like to supportively note that the proposed building will seek a LEED Platinum designation.”

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