Source: RENX.ca
Steve McLean | Property Biz Canada | 2017-05-09
North Vancouver’s Moodyville neighbourhood is about to become a lot more densely populated, as 256 detached homes will be replaced with approximately 1,890 ground-oriented wood-frame housing units.
“Most of those homes will be either torn down, moved or potentially retained on-site if they have heritage value,” said rareEarth Project Marketing president James Askew, who’s marketing a new townhome development called Evolv in Moodyville. “The owners of each home that gets redeveloped are in control of negotiating a purchase price with any potential buyer.”
North Vancouver mayor Darrell Mussatto said he expects the innovative development starting in Moodyville — situated blocks away from the city’s bustling Lower Lonsdale area — will set a new standard for other areas of the Lower Mainland struggling with similar issues of density and affordability.
“Moodyville has several developments just underway or going through the development approvals process,” said Askew.
“There will be a good mix of low-rise condo developments along with townhome communities. All are medium-density and mostly ground-oriented, making for a very positive transitional residential community.”