Denna Homes yesterday announced plans for a three-tower residential development that would be the first of many new residential developments in the District of North Vancouver.
Its project is slated to be in the district's Lower Lynn Town Centre neighbourhood, which is one of four village centres that council identified in the district's official community plan when it was adopted in 2011.
The other village centres are set to be:
- Lynn Valley Town Centre;
- Lower Capilano-Marine Drive Village Centre; and
- Maplewood Village Centre.
Denna plans to open a sales centre June 8 and launch sales for 200 units in the 24-storey first tower. Denna plans to give away a 201st unit in a draw to a lucky winner who visits the sales centre.
So far, more than 5,000 people have registered to potentially buy units, and some units have already been sold to friends and insiders.
Sales will determine when tower construction begins.
Industry insiders believe it is inevitable that there will be a dramatic change in the way people live in West and North Vancouver because of:
- a disproportionally high percentage of old housing stock;
- a rapid evolution toward smaller households; and
- existing housing types and forms that do not meet the social or economic needs of residents.
"There's an underlying faultline of change that we're just starting to see," British Pacific Properties president John Conicella told Business in Vancouver last month.
"It's going to feel a lot like growth but it's not. It's change," he said.
