Now that the W has revitalized the Downtown Eastside, eliminating the scourge of homeless, drug addicts, panhandlers and prostitutes there’s just one more bold step to complete this neighborhoods transformation: 270 sq foot micro condos.
For those keeping track, that’s the size of two parking spots. You can tell your grandkids about the good ol’ days when your family lived in a spacious 450sq foot condo.
John Stovell, general manager of Reliance Properties, said there’s a strong need for more affordable rental units in the downtown area.
“So many people contact us, not with a specific size they want, or specific amenities, but they tell us where they want to be in the neighbourhood and how much they can pay. So often that amount is just not achievable for anything but a very specialized product like this,” he said.
“By cutting away the non-essentials, that is the only way to get to that price-point in Vancouver,” he said.
