Site 8 Lonsdale Avenue North Vancouver
- City Council Dilberates
A proposed four hundred foot condo high-rise
tower and subsequent master-planned community with great
amenities for the Lower Lonsdale North Van neighbourhood
has seen both accolades and disapproval among current residents
in the area and city planners. Now, Site 8 as it
has become known as is officially not going to happen. The
City of North Vancouver announced in early March, that Site
8 by Millennium Group Lower Lonsdale 400’ condo tower
residences will not get the approval that they had wanted.
At the foot of Lonsdale Avenue, Site 8 proposed by Millennium
Group real estate developers had a tough sell but added
a lot of great additions to the amenities and community
facilties as part of their plan to transform the heart of
the Lonsdale Quay area in North Vancouver.
Original
Plan Proposed by Millennium Group for Site 8 Lonsdale High-Rise
Condo Tower
The original proposal by the Millennium Group propsed not
only a 410 foot condominium tower at the foot of Lonsdale
Avenue on the North Shore, but also a new waterfront home
for the Presentation House Gallery and a floating swimming
pool in return for a 36 storey high rise residential tower
that would hover above any other condominium project to
date. According to the North Shore News, the City of North
Vancouver kills the 400’ waterfront condo tower plan
at the Lonsdale Avenue foot as the city council cies significant
opposition. Heidi explains that the controversial 410 foot
condo tower real estate development for Site 8 at the foot
of Lonsdale Ave will not go forward. In a 7 to 0 vote, City
of North Vancouver council voted unanimously Monday to terminate
Millennium Group’s application. While the counsellors
regret that there will be no new home for the Presentation
House Gallery because of this withdrawal of the 410 foot
condo Millennium tower, Site 8 proposale on the North Shore
was too high a price to pay for public amenity additions
to the Lwoer Londsale area at this time. In addition, parking
and transportation issues in the area need to be addressed
before another proposal comes forward. Millennium Group
estimated that a prposed 410 foot condominium tower at Site
8 would generate some $36.7 million in additional revenue
to the City of North Vancouver. In a decreasing scale, at
250 feet that revenue would amount to $15.5 million; a 200
foot condo tower at Site 8 Lonsdale would be $10M, at 150,
$4.3 million; and at 75 feet, $2.4 M.
The Next Steps for North Vancouver's Lonsdale
Site 8 Development
From
the Millennium Group Site 8 proposal for a Lower Lonsdale
condo tower twice as tall as the current tallest condominium
residence, it is noted that the City of North Vancouver
needs to establish limits on density bonsuing. The Council
needs to use the redevelopment process to advance the type
of amenities that are important to the city and to the Lower
Lonsdale community at Site 8. Millennium Group real estate
developers is definitely a leading company, but it came
out of the proposal that the area needs a larger master-plan
development at this time. With the Maritime Center, this
willb e the major tourist hub in the Lower Mainland and
the City of North Vancouver needs to maximize its opportunities
here. The Site 8 Lonsdale Avenue community is an important
site and the City does not want to jump at the first proposal
that comes forward. The City of North Vancouver council
will add Site 8 at the foot of Lonsdale Avenue to its 2009
work plan to develop and refine options for the future real
estate development of the site. At this time, the Lonsdale
Avenue Site 8 Millennium Group condo proposal has been axed
and therefore, Site 8 will remain as Lonsdale Quay markets
and the seabus terminal.
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