From Holborn:

Holborn Properties is working the local community and the City of Vancouver on plans to redevelop the Little Mountain site. The goal is to make the area one of the most livable and model communities in the city.

The area is an L-shaped, 15.2 acre parcel of land, between Main and Ontario streets and occupying the property from 33rd Ave. to 37th Ave. BC Housing will retain ownership of the site until the Rezoning and Development Permit stages are complete.

The original development, built in the early 1950s, featured 224 social housing units. Holborn will replace these, along with complimentary market housing. Former and relocated residents will be offered the first right of refusal for the new non-market housing units.

Redevelopment of the site will allow for a better use of the land and encourage a mixed-income and diverse neighbourhood, with modern, subsidized housing that is more fully integrated into the larger business and residential community. Holborn envisions this comprehensive development as a model for future progressive and sustainable developments.