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Point Grey Road Permanently Shutdown to Traffic, Making Vancouver’s Most Expensive Residence Even More Exclusive

Point Grey Road Permanently Shutdown to Traffic, Making Vancouver’s Most Expensive Residence Even More Exclusive

Point Grey Road Permanently Shutdown to Traffic, Making Vancouver’s Most Expensive Residence Even More Exclusive
January 18
10:56 2014
Point Grey Road

The red dots show the permanently closed section of Vancouver’s Point Grey Road

Point Grey Road Permanently Shutdown to Traffic

Point Grey Road, Vancouver, British Columbia, Canada

One of Vancouver’s wealthiest streets studded with multi-million dollar residences has been closed permanently to traffic to make way for a controversial bike lane.  A section of Point Grey Road stretching from MacDonald Street to Alma Street shutdown this morning to create what some critics are calling a “park for the rich.”  The Vancouver Sun reports that the closure is part of a $6 million traffic project that will divert 9,700 vehicles to Broadway, 16th, 12th and 4th Avenues.  Along that stretch of permanently closed road is the home of Chip Wilson, founder of Lululemon, which took the #1 spot for B.C.’s Most Expensive Properties of 2014 with a value of $54,206,000 – an increase of 54.13% from the last year.

Lulu

3085 Point Grey Road, Vancouver, British Columbia / Assessed Value $54,206,000

Construction is expected to last through summer.  For full details on the project visit Vancouver.ca.

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