Fifteen Years of Experience from UniverCity and ... - McCarthy Tétrault

What Green Development Means for Lawyers:Fifteen Years of Experiencefrom UniverCity and Dockside GreenI. INTRODUCTIONA. UniverCity1. BackgroundUniverCity is a community developed from lands owned by Simon Fraser University (“SFU”)approximately 65 hectares in size. The community has zoning for up to 4,536 units, to be built outover 25 years. The projected population of UniverCity is approximately 10,000 residents. Thecommunity has its own shopping, recreational amenities, schools and parks.Development at UniverCity commenced in spring 2002. Currently there are approximately 2,000residents living in developments by Polygon, Intergulf, Millennium and Vancity. The residentialdevelopments include mid-rise buildings, townhouses and lowrise buildings. At present, the residentsare serviced by the Cornerstone, a mixed-use building with street level retail space and office space.The upper floors of The Cornerstone contain 115 rental apartments.2. Cornerstones of DevelopmentUniverCity has been developed as a model, sustainable, urban community, internationally recognizedfor its innovations in green building and community design. The community is founded on four‘cornerstones of sustainability’ - Environment, Equity, Economy and Education. These fourcornerstones are summarized as:(1) Education(a)(b)Enhance university life, academic structure and activities.Create a model sustainable community that educates and inspires.(2) Economy(a)(b)Maximize the long-term value of SFU’s Endowment Fund.Encourage opportunities for commercial and community economicdevelopment.Page 1What Green Development Means for Lawyers:Fifteen Years of Experience from UniverCity and Dockside Green