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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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