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.
Shape Properties is proceeding with a formal rezoning application for the first residential tower in The City of Lougheed, the project name for the 40-acre Lougheed mall site that was approved for redevelopment under a master plan earlier this year to include 23 residential towers.
The application for the first phase of the project is in a prominent part of the site at the Southeast corner (Northwest corner of North Rd and Austin Ave). The plan includes:
- a 55-storey residential tower
- a total building height of 520 ft.
- 566 units
- 517,000 SF of residential area
- a total density of 2.60 FAR
- 590 underground parking spaces
The application describes the design: “The floor plates of the subject Tower 1 are arranged in two massing volumes that offer a different height extrusion of one part against the other. The larger of the two parts extends up to 55 storeys while the smaller part sits at 47-storeys. This arrangement provides for a landscaped terrace and exposed elevator core.”