The City of North Vancouver has received a development application for a 60-unit rental building in Upper Lonsdale.
Adera Projects Ltd. has applied for six-storey rental building at 2762 Lonsdale Avenue which will replace an older 26-unit building that was constructed in 1969.
According to a staff report to council, a tenant relocation plan was provided by the proponents who exceeded the requirement of the Residential Tenancy Act for tenant compensation.
Adera has voluntarily proposed more compensation for long-term tenants: four months’ rent for those who have lived in the building for 10-20 years and five months’ for those who have lived in the building for more than 20 years.
Four on-site trees will be removed that were identified in an arborist report as having low or medium retention value due to repeated topping and pruning over time.
The developer plans to add more trees on site, providing a double-row of boulevard trees along Lonsdale Avenue.
“The 60 proposed units, including 6 mid-market units, will contribute a net total of 34 units to the city’s rental housing stock. The proposed use, intensity and form is supported by City policies and by planning and design analysis,” says a staff report to the council.
Pretty soon there will be zero affordable rentals on Lonsdale.
Would they still be willing to construct a new building if they had stiff rental restrictions and a baseline affordable rent level mandated?
Would they still be willing if they were to allow the existing renters first dibs at returning?
All more unaffordable rentals or housing in North Vancouver is going to do is increase gridlock because the jobs that pay well enough, are simply not in abundance on the North Shore.
What really is the benefit to this, other than to the developer, again, as usual.