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In 1903, the Woodward’s building was established in
the
downtown eastside, on the corner of Hastings and Abbot. In its
first few years, Woodward’s became known as a
major attraction in downtown Vancouver and was noted
for its variety of shops and services where customers could shop, book
vacations, cash cheques and buy gourmet food.
The popularity of Woodward’s later drew in other business to West Hastings and the area flourished. In
1980, Woodward’s begun to struggle
financially and lost business. In 1993,
the company went bankrupt and the building remained vacant until 2003,
when the
space was purchased by the City of Vancouver
for nearly $5 million. In September 2004, Westbank Projects/Peterson
Investment
Group was chosen to redevelop Woodward’s.
The new building will contain 500 market and at least 100 non market
housing units, shops, services, public green space, a daycare and a
post
secondary facility. The City of Vancouver hopes that the
new Woodward’s will help in the revitalization of the downtown
eastside.
Because of this, our project will be on
assessing the effects of Woodward’s on the downtown east side in terms
of urban
revitalization.
Old Woodwards heritage building:

(Image
© 2006, Images West
Marketing)
New Development Plans:

(Image
© 2006, Les Twarog
& Sonja Pedersen)
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