Darwin Properties has begun construction on Phase 1 of Lonsdale Square, a 6.6-acre North Vancouver development that will transform the upper area of Lonsdale Avenue.
One of the largest projects ever built in the City of North Vancouver, the mixed-used community will feature more than 800 new homes, including seniors housing, non-profit and below market rental housing, a new 2.25-acre city park and a revitalized Harry Jerome Community Recreation Centre.
Phase 1 construction will include a 113-unit rental building, a partnership between Darwin Properties and Minto Properties Inc. that will include the city’s first new seniors-assisted housing in 30 years.
The six-storey Sunrise Senior Living facility will have 100 units for assisted living and memory care.
“We know there is a spectrum of housing needs across the community,” said City of North Vancouver Mayor Linda Buchanan. “The construction of these new units means that more families, young people and seniors will be able to afford staying in the community they call home.”
This rental buildings will be the first for Minto Apartment Real Estate Investment Trust, which is partnering on the project, said Minto CEO Michael Waters.
Completion of the first two buildings is expected in late 2023, with move-in scheduled for the same period. When completed, Lonsdale Square will include almost 700,000 square feet of office, retail and residential. Its first phase comprises the rental and the seniors housing building. The second phase will include residential condos, additional rental housing, as well as restaurants, retail amenities and daycare facilities, according to Minto.