QuadReal has unveiled preliminary concept plans for the redevelopment of Capilano Mall in North Vancouver. The plans are being unveiled for community input before a more detailed application in 2025, including a required OCP Amendment.
The 17-acre property has been the subject of preliminary planning on and off since 2019, but got underway again in 2023.
We are pleased to present the opportunity to purchase this approved, 5-storey rental project with retail in the Maplewood Village area of North Vancouver.
𝗢𝗳𝗳𝗲𝗿𝗶𝗻𝗴 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀
• Rezoning and development permit approved for 36 rental units with 5,100 SF of retail space • Substantial design and site due diligence work already completed representing considerable cost savings to buyer • Shared access ramp with neighbouring project and one level of underground parking minimize cost • DCLs and Off-site costs already confirmed with DNV • Project scheduled for BP issuance early 2025, with construction start to follow • Scarce rental inventory in North Vancouver leading to strong rent growth • Desirable location in established and flourishing Maplewood Village area • Highly marketable to North Shore renters– walkable to all amenities, schools, also convenient access to Highway 1, Downtown Vancouver and Burnaby