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North Vancouver city council has approved a new 21-storey mixed-use tower project in the Central Lonsdale area.

North Van Council Approves 21-Storey Mixed-Use Tower

North Vancouver city council has approved a new 21-storey mixed-use tower project in the Central Lonsdale area.

Council voted 5-1 in favour of the project to be constructed at 120-128 East 14th Street, the North Shore News reported.

Plans call for 164 strata residential units to sit on top of retail and office space. North Vancouver-based Three Shores Development is developing the project.

Three Shores acquired about 93,754 square feet of extra buildable space by acquiring Harry Jerome Community Recreation Centre bonus density from the city, which owns the facility, for $8.12 million, the North Shore News reported.

Mehdi Shokri, a leading broker-turned-developer, and long-time development specialist Barry Savage co-founded and head Three Shores.

(Connect CRE will hold its inaugural Canada Kick-off Event in Toronto on June 11. This will be Connect’s first commercial real estate industry conference in Canada. Panelists will include Syl Apps, managing director and co-country head for Hines; Lindsay Brand, chief investment officer at Concert Properties; Mark Kenney, CEO of Canadian Apartment Properties REIT; and, Marie-France Benoit, Avison Young’s director of Canadian market intelligence. Come and gain insights from industry leaders on such matters as buyer sentiment amid a lower interest-rate environment, cross-border transaction trends, and investors’ outlook for 2024 and beyond. Register today.)


Inside The Story

Mehdi ShokriThree Shores Development

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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  • ◦Policy/Gov't
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