Odin Books has been around in Vancouver since 1993.

For much of its 24 years, the independent go-to shop for mental health and psychology materials has been doing business at its 1110 West Broadway location.

“We have been there for 21 years,” owner Catherine Ellsmere told the Georgia Straight in a phone interview.

Ellsmere reckons that the specialty shop may probably stay at its current location for another one or one-and-a-half years before it moves to another place.

A development application has been filed for the southwest corner of West Broadway and Spruce Street, which includes the space leased by Odin Books.

Minglian Holdings Ltd. has proposed to build a 10-storey building, with eight levels of condos above two floors of retail and office spaces.

If approved by the city, the new building will have 37 condo units and 50 underground parking spaces.

As for Odin Books, Ellsmere said that a new location hasn’t been decided yet.

“We are on the hunt for a new space,” Ellsmere said.

Ellsmere doubts whether Odin Books will return once the new development is completed.

According to her, new developments mean higher leases, making it more expensive for independent businesses to operate.

“Once we get established in a new space, that would be our space,” she said.

Ellsmere said that Odin Books may move east of the city.

“It’s a lot pricier now to be on Broadway,” Ellsmere said.

The City of Vancouver is receiving public comments on the proposed redevelopment of 1110 West Broadway and 2501 Spruce Street until November 30.