Allegro Pointe is a 50-unit apartment complex that marks the entrance and exit to the International District of Fourth Plain Boulevard. The project will deliver affordable housing specifically for residents in Central Vancouver. This complex boldly carries an elevated design style, reflecting an overall sense of pride for the community. Most of the units will be urban 1-bedroom units for single occupancy, while 1-bedroom and 2-bedroom units have been provided to the extent feasible.
As Downtown Vancouver and the Waterfront are experiencing a season of growth and investment, one of the risks we, as developers, are mitigating is price increases for existing Vancouver residents. One of the core goals for Allegro Pointe is to invest in the communities that make Fourth Plain a rich, culturally vibrant neighborhood by providing housing that is accessible to those who need it most. A minimum of 13 units will be set aside for those earning 50% or less of the Area Median Income. 12 units will be for those earning between 60% and 80% of AMI, and an additional 12 units will be for those earning between 80% and 100% AMI. The remainder will be market rate.
This project is a first of its kind for the Ginn Group’s nonprofit, Ginn Gives, which aims to serve residents through a long term affordable housing and reinvestment program.