Here’s a snapshot of currently selling downtown condo projects in terms of inventory. Also included are projects likely to be released in the next 12 months. Overall, available inventory seems to be in healthy and balanced territory, though some larger upcoming projects scheduled to be offered in the next two years may have an impact on the market with well over 2,000 units.
The site of the former Steveston secondary in Richmond sold to Polygon Homes for $41,125,000.
“The board is enthusiastic about what this means for our district,” said Donna Sargent, board chair at Richmond School District No. 38. “The sale of these lands provides us with funding that can be used for other capital projects and will ensure the legacy of Steveston will remain within the Richmond community.”
The 13-acre site will be split into eight acres sold to Polygon and five acres reserved for a park. There are no conditions on the sale and any rezoning will be done with the city.
12.58 acre Steveston Secondary Site
The secondary school closed in June, 2007 and was merged with the nearby London secondary to become Steveston London secondary in September, 2007.
There is a sizable new office block with a design not like any other on the North Shore coming to central Lonsdale.
City of North Vancouver council voted Monday night to approve a five-storey, 9,600-square-foot retail/office building on the corner of 12th Street and Lonsdale Avenue. The site is currently home to a convenience store, a Vietnamese restaurant, a pizza restaurant as well as a laundromat and hair salon.
The building’s facade is like most glass curtain wall designs used in office towers, except it is rotated 45 degrees and divided up into a mesh. The outer wall then curves outward and turns into an awning over the sidewalk.
The proposal exceeds the density allowed on the site, however council agreed to amend the official community plan because the building includes “employment generating space,” and because the developer is contributing $172,800 to the city’s community amenity fund.