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.

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