Hillside Villa, a 43 unit apartment tower located at Esquimalt and 17th Street has sold for $15,657,000, representing $364,116 per unit, and a 2.5% cap rate. The tower is located on a half acre site.
A new “megaproject” proposal for Central Lonsdale was abruptly suspended by a divided City of North Vancouver council Monday (Apr 16), pending completion of the updated official community plan.
City staff made the unusual move of presenting the application to council well in advance of any detailed design work, seeking permission to continue talks with the developer and schedule a town hall-style meeting.
