Now that the twisting 49-storey Vancouver House is being built near the north end of the Granville Bridge, the city is taking the next step toward redeveloping this part of town.

It's posted a document on its web site inviting bids to lease and develop the Granville Loops.

Bids must be submitted by July 5 for those interested in a 99-year lease for the land surrounded by the on- and off-ramps connecting Pacific Street with the bridge.

"The Property is located in an emerging downtown south precinct distinguished by the construction of Westbank's landmark 500 foot residential tower at 1500 Howe Street known as 'Vancouver House'," the document states.

The Granville Loops are slated for strata, commercial, affordable rental, and social housing.

In 2012, the Straight  reported that the elimination of the Granville Loops was expected to make for much easier pedestrian access from downtown to the False Creek waterfront.

That's because Rolston Street south of Drake Street was expected to be divided into two one-way streets, which would include "safe new crossings on Pacific Boulevard".

The East Loop has 12 legal parcels, which are in the process of being consolidated and subdivided by the city. They'll have an area of 61,928 square feet.

The West Loop is one legal parcel totalling 39,766 square feet.

According to the document, there will be a requirement for bike lanes on Rolston Pacific streets, as well as wider sidewalks.