Mayfair West: ESG

At Mayfair West, we plan to deliver 17 buildings ranging in size from 4 to 26 storeys, providing over 1,600 homes to be built out in phases over approximately ten years. This includes a mix of homes for sale and rent that will cater to various income levels. Specifically, the development will feature 330 social housing units and 45 moderate-income rental housing units as well as a new 69-space childcare facility, a two-acre public park and improvements to local pedestrian and cycling infrastructure.  

Grosvenor's 2030 Net Zero Carbon Commitment (WGBC)

Mayfair West will meet Grosvenor's 2030 Commitment to achieve Net Zero Operational Carbon, utilizing the region’s renewable, hydroelectric energy source to power all homes, resulting in 1,600+ carbon-free homes across the development. In addition, the 330 units of social housing are going further, being designed to LEED Gold and Passive House standards. 

Environmental - committed to net zero

Fossil fuels
(in residential units)

0

Bicycle storage
(spaces)

3500

Green space
(% of site)

30

Environmental highlights

Energy

  • Homes with zero operational carbon emissions with potential to deliver a new district renewable energy network
  • Lifecycle embodied carbon emissions assessment undertaken with design team to find solutions to reduce embodied carbon to align with evolving policy changes
  • 330 social housing units & 69 space childcare facility to be delivered to Passive House and LEED Gold standards

Water

  • Permeable surface/material covering more than 50% of the site area within Phase 1 as well as substantial soil volumes designed to achieve high targets for natural rainwater management compared to similar projects within the City of Vancouver
  • A minimum 20% reduction in indoor potable water use relative to 2006 levels to be achieved by procuring low-flow plumbing flush and flow fixtures in bathrooms and kitchens
  • A 5m bioswale designed to capture and naturally treat rainwater before discharging back to the groundwater

Biodiversity & landscape 

  • 2-acre public park with large open central area for multi-disciplinary recreational activities surrounded by walking route through various landscaped zones planted with native species
  • 30% vegetative coverage and 25% tree canopy coverage in each development parcel will enhance biodiversity, facilitate natural drainage measures and create opportunities for solar shading and shelter
  • Community garden plots available to units with smaller private outdoor spaces – in Phase 1 this amounts to approximately 800 sq. ft. of dedicated garden space for growing food with supporting potting benches, composting systems and tool storage

Transit-oriented Development/Walkable City

  • Rapid transit (skytrain and frequent bus services) are within easy walking distance
  • 30,000+ sq. ft. of curated, community-oriented retail and restaurants will be delivered within the first 2 phases 
  • Dedicated cycle paths within the development will connect into the wider city network, including multiple routes that are identified to become Greenways
  • Two new public bike share stations and approximately 3,500 bicycle storage spaces will encourage bicycle use
  • Car share vehicles provided in every phase of development, including at least 5 vehicles within Phase 1, reducing reliance on private cars.

Social

Childcare centre
(spaces)

69

Social housing
(units)

330

Park
(Acres)

2

Social impact

Housing

  • 1,600+ new homes
  • 330 social housing units - Grosvenor will deliver 175 of the units turnkey to Passive House and LEED Gold standards and gift ownership to the City of Vancouver
  • Approximately 160 new rental homes including a minimum of 40 non-market rental homes
  • At least 35% of units to be sized for families (2 bed+), including larger balconies and in-suite storage to support high density family living

Community

  • 69 space childcare centre delivered by Grosvenor adjacent to the park meeting Passive House and LEED Gold standards
  • Striving for at least 10% of labour involved in the project to be sourced from low-income communities and equity seeking groups across the city
  • A minimum of 1,400 sq. ft. of outdoor children’s space to be delivered within each phase of development
  • A community food market operated by an experienced not for profit within the commercial mews to provide residents with affordable fresh food options
  • $2.3m+ public art program will be procured throughout the development
  • $160m+ in municipal fees and taxes will be payable throughout the lifetime of the development, contributing to local community and infrastructure

Governance

2023 GRESB results
(Stars)

4

GRESB Development*
(Ranking)

2

Above peer average
(Points)

14

Governance at Grosvenor

  • 2030 net zero carbon commitment 
  • 4-stars 2023 GRESB Development Benchmark Results 
  • 91/100 Overall Development ranking (14 points above industry peer average of 77)
  • *2nd Ranking for GRESB Development Score within Americas/Non-listed/Core/Closed end (within peer group)
  • ESG Partner Principles offer guidance for Net Zero Carbon, Sustainable Buildings, Sustainable Businesses and Communities, Health & Wellbeing, and Nature & Biodiversity objectives

 Environmental objectives in North America 

  • 58% reduction in overall BAU emissions by 2030; 100% of scope 1 and 2, 40% scope 3 (embodied carbon reduction)
  • 20% reduction in tenant spaces by 2030 (energy efficiency)
  • 50% of electricity consumption provided from renewable sources by 2030 (clean energy)
  • 75% of suppliers compliant with our supply chain charter by 2030 (partnerships)


Certain information contained in this page, including, but not limited to, the environment, social and governance targets set within, are forward-looking statements regarding Grosvenor’s goals and objectives, and are based on current expectations, assumptions, estimates, projections, opinions and beliefs. Forward-looking statements are inherently uncertain, and actual results may differ materially from those reflected within. Grosvenor does not assume any obligation to update such information, whether as a result of new information, future developments or otherwise, except as required by law. 

December 2023.

Group 2