Vancouver Crosstown, a New, Nice Neighbourhood
Where It Is
Crosstown Vancouver is between Pender Street and Expo Boulevard from north to south and between Beatty Street and Main Street from west to east. At the western edge is the Downtown business district with the False Creek inlet on the South. Crosstown’s northern and eastern edges meet historic Gastown and Chinatown.
Crosstown Vancouver has welcomed high-quality development over recent years. This policy has given the area many residential real estate opportunities. The variety of Crosstown amenities attracts buyers from all professions and backgrounds. Crosstown has a growing night life scene of new ventures to entertain a steadily rising real estate market. In a new community in a prime location, Crosstown Vancouver property prices have not yet risen to levels of its Gastown neighbours, but it is only a matter of time until they do.
Why It’s Hot Property
There are many reasons why Crosstown Vancouver real estate has seen such substantial growth and development over the past 10 years and why buyers should invest in an area sure to grow more in the near future. There are now 25 residential buildings in Crosstown, three more to be completed within the next two years, and a handful more in the next five to ten years. Most of the 25 post-date the Leaky-Condo Era of the ’80s and ’90s. and the remainder are now rain-screened.
In the next few years Concord Pacific Developments will transform the rest of the land between Crosstown and False Creek with ten new commercial/ residential development sites and a very large space for park land. The Georgia Street Viaducts may come down and, if they do, even more park space will accrue to this quickly changing Crosstown corner.
Its Bright Future
Crosstown is a term coined by realtors but starting to catch on with the public as the name of the new cross area of Downtown Vancouver between Gastown and Chinatown. It is a small pocket of late developments that will be increasingly popular for mid- to long-term investment as the Downtown East Side gentrification continues. Three new developments and two not so new make up most of the area. Newest are the Taylor, the Firenze, and the Espania. The older two are International Village and The Europa, both around 10 years old.
The great thing about Crosstown is its location literally steps away from GM Place, BC Place, Costco, Tinsletown Shopping Centre/Movie Theatre, Gastown, the Skytrain Stadium Station, and the False Creek Seawall. Andy Livingstone Park covers a large central part with a tranquil water feature and an all-weather sports field.
In between Downtown and historic Gastown, Crosstown quietly makes a name for itself as Vancouver’s hippest hidden gem, a mix of influences from all its neighbours with a distinct flavour of its own. Chambar owners Nico and Karri Schuermans are royalty in Crosstown. First they opened their world-class Belgian restaurant on Beatty Street between Pender and Dunsmuir. Then in 2008, they opened Café Medina, the hottest brunch spot in town. Most recently, they joined with chef David Robertson to open the Dirty Apron Cooking School and gourmet delicatessen.
But this cluster of culinary hot spots is not all that’s elevating this neighbourhood. Converted warehouses are now mid-luxury lofts, and chic home-decor stores have opened to furnish them. Robert Quinnell, co-owner of Provide, a Beatty Street home-accessories store, carries Martha Sturdy wall sculptures, formidable acid-on-steel images priced from $3,600 to $8,400. Besides great art, Quinnell carries functional multipurpose pieces.