Inflation, rising interest rates create caution across Metro Vancouver’s housing market VANCOUVER, BC –…
It’s worth putting a highrise in Central Lonsdale to put $17 million in the city’s coffers.
That was the consensus in City of North Vancouver chambers Monday night as council voted to approve an 18-storey, 162-unit strata building on East 13th Street between Lonsdale and St. Georges avenues, adjacent to the firehall.
Coun. Holly Back previously opposed the development, citing a neighbourhood “fed up” with constant construction. However, noting construction won’t overlap with other major projects, Back threw her support behind the project Monday, emphasizing the need to turn Central Lonsdale into a lively, walkable neighbourhood.
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Back noted the public hearing was dominated by project supporters, which ranged from city residents to young professionals and real estate agents based in Downtown Vancouver and West Vancouver.
Three employers who spoke to council suggested the project would ease the challenge of finding workers willing to brave daily gridlock to work on the North Shore.