Following the successful completion of its recent project “The Bowline”, GWL Realty Advisors (GWLRA) has launched a new property in the Central Lonsdale area of North Vancouver. Plans for the six-storey development received unanimous approval by Mayor Linda Buchanan and City Councillors in July 2024, bringing 91 new rental units and a rich offering of amenities to the North Shore of the lower mainland market by 2027.

“This marks a significant milestone for this project and brings us one step closer to providing more housing in the highly walkable Central Lonsdale neighbourhood,” said Geoff Heu, Vice President, Development – Western Canada. “North Vancouver is one of the strongest-performing rental nodes in the Metro Vancouver area. The rental rate growth is strong, and the vacancy rate remains consistently low. With excellent demographics and an aging rental stock, the fundamentals for a new building in this neighbourhood are compelling.”

According to Heu, the target market will include young professionals, seniors, and downsizers seeking premium, hospitality-themed rental accommodations. Amenities will include a tenant lounge, a fitness centre, and a children’s play area.

“We are excited to embark on the next phase and see this development come to life,” he said.

District Energy

Space and domestic water heating for the building will be provided by Lonsdale Energy Corporation (LEC), a municipally owned district utility. LEC uses a network of underground piping and mini plants to circulate hot water to heat the buildings that are connected to its system. To cool the suites, a rooftop chiller will be connected to four-pipe fan coils.

“Each suite will also include energy recovery ventilation, which provides high levels of fresh air ventilation to the indoor space while recapturing heat from exhaust air before it is ejected,” Heu says. “It will be a well-insulated building, designed to exceed the BC Building Code Step 3 performance requirements.”