Chartwell Retirement Residences has acquired a 138-suite residence in Mission for $27 million, the real estate trust announced Monday.

Cedarbrooke Chateau, built in 2009 and 73 per cent occupied, is Chartwell’s second retirement residence in Mission, a Fraser Valley community with a population of about 34,500.

Chartwell says it expects “strong operational synergies” with the existing 126-suite Chartwell Carrington House Retirement Residence but didn’t provide details in its announcement.

“This acquisition is fully in line with our strategy to acquire newer, well-designed and well-located properties in our existing markets,” Brent Binions, Chartwell’s president and CEO, said in a statement.

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.

Read more: http://www.nsnews.com/news/north-vancouver-city-ok-s-office-block-with-striking-design-1.668835#sthash.crKSabUK.dpuf