Ron Matin
The North Vancouver council is in discussions regarding a significant development that could transform the Lynn Creek area. A proposed 24-storey tower aims to provide essential housing solutions exclusively for students attending Capilano University. Designed by Forum Asset Management, this project promises up to 485 micro-units, aimed at alleviating the pressing housing shortage faced by students.
During a recent council meeting, officials expressed willingness to consider the development despite its height and density being above current regulations. Council members recognized the critical need for affordable housing options in the district. The initiative not only seeks to provide solutions for housing but also aims to reduce the current strain on transportation systems, particularly the congested routes used by students commuting to CapU.
The proposed site, located on Hunter Street, encompasses nearly 21,000 square feet and will feature units sized between 165 to 225 square feet, along with communal amenities including a study area, gym, and lounge. Industry professionals have noted that units are expected to be priced 20 to 30% lower than comparable apartments, although specific pricing details are yet to be confirmed.
Support for the project from council members, such as Catherine Pope, highlights the potential socioeconomic benefits, including the availability of part-time employees for local businesses due to the influx of students. This development is seen as a unique opportunity to reshape local housing dynamics.
Concerns were raised regarding the affordability of these new units, with some council members advocating for measures to ensure that housing remains accessible. Moreover, transportation remains a critical discussion point, with suggestions for a dedicated shuttle service from the proposed tower directly to the university campus.
In addition to this off-campus housing proposal, work continues on another substantial project at the university itself, which is set to provide 360 beds by September 2026. While this project aims to offer housing below market rates, it may not fully meet the existing demand.
As North Vancouver seeks to address housing shortages, the council is also backing other developments, including a nearby project that will feature 315 rental homes, with a portion dedicated to students, faculty, and staff. These initiatives are critical steps in fostering community growth and addressing ongoing housing challenges.
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