Wanson Development is planning a new 6-storey residential building in the Lynn Creek area of North Vancouver, just a couple of blocks South of the Seylynn Village project which is half complete. The site is located at 467 Mountain Highway, just South of Hunter Street. This is currently an industrial area, but portions fronting Mountain Highway were redesignated for mixed-use a few years ago.
Plans for the 18,600 SF site include:
- a 6-storey building
- 63 condo units (24% one-bedrooms, 66% two-bedrooms, 10% three-bedrooms)
- 6 ground-floor retail units totaling 5,663 SF
- a building height of 75.5 feet
- a total density of 3.5 FSR
- two levels of underground parking
The rezoning requires a total CAC payment of $705,000, equivalent to $16.50 per SF for density above 1.2 FSR base. Wanson had acquired the site in 2014 for $4,800,000, or $74 per buildable SF.
The building features an interesting central courtyard layout. The architect for the project is Francl Architecture.
First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion
First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while
West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave
Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor