Monday, 27 Jan 2020

Subdivision plans for North Vancouver waterfront delayed, developer says

A B.C. property developer says it has run into a maze of red tape in trying to transform a waterfront property on the North Shore.

Wesbild owns a 27-acre property in North Vancouver located between Lonsdale Quay and the Lions Gate Bridge.

In 2018, the company applied to subdivide the land.

“On the district website it says that it will take four to six weeks,” said Wesbild VP of real estate Steve Forrest.

“It’s now been 15 months and we haven’t received an answer yet.”

Forrest says Wesbild’s plan would open the site to a number of new businesses in an area where there is less than a one per cent vacancy rate for industrial space.

Source: Read Full Article

Related Posts